King Charles banknotes entered circulation in early June ... serial number HB01 00002 was sold for £17,000. The notes for sale had a face value of around £78,000, the BoE said.

Starting July 3, new banknotes will be put into circulation. The cost of the upgrades, coupled with rising prices and labor costs, is adding to the burden on businesses struggling to stay afloat.

The sale will also include a variety of banknotes from English provincial banks as well as banks in Ireland, Scotland, Isle of Man, Jersey and Guernsey. A £500 note from October 1929 has been ...