New £5, £10, £20 and £50 notes featuring the face of King Charles III entered circulation in June this year. A full set of the first issues were presented to the King, but hundreds of other low serial numbered banknotes have gone up for auction.

One single £10 note with the serial number HB01 000002 sold for £17,000 during bidding.

During another lot, a sheet of 40 connected £50 notes – with a face value of £2,000 – sold for £26,000. This figure was a record for any Bank of England auction, BBC News reports.

The four sales run by auctioneers Spink in London raised £914,127 in total.

The proceeds will be shared equally between 10 charities chosen by The Bank of England:

• Childhood Trust
• The Trussell Trust
• Shout
• Carers UK
• Demelza
• WWF-UK
• The Brain Tumour Charity
• London’s Air Ambulance Charity
• Child Bereavement UK
• The Samaritans