TWO rare Huddersfield banknotes - produced about 200 years ago when Huddersfield printed its own money - are going under the hammer.
They are expected to fetch £500 when they are auctioned at Spink in London on April 27.
The valuable one guinea notes (£1.05p in modern money) are emblazoned with the words: Huddersfield Old Bank and are described by auctioneers Spink as rare.
They belong to an unnamed collector.
The notes are proofs and although they are undated, they were produced by the short-lived Huddersfield Old Bank sometime between 1800 - when the bank was founded by astute Yorkshire businessman John Dobson - and 1825 when the bank folded.
There were hundreds of privately-owned provincial banks in England in the late 1700s and early 1800s. Each one printed its own money because it was too difficult and dangerous to bring in large quantities of cash from London in the days before Securicor and motorways.
Barnaby Faull, head of the banknotes department at Spink, said: "All towns and cities in England used to issue their own banknotes.
"Merchants would get together in the towns and start up their own banks, but their notes - which were like IOUs - could only be used locally.
"When these local banks, such as Huddersfield Old Bank, went bust, their notes became completely worthless."
Notes from now-defunct banks such as Huddersfield Old Bank have been quietly increasing in value in recent years.
The current world record for an English provincial note is £3,335, the sum paid at Spink in London on April 27, 2004, for an 1829 Wirksworth and Ashbourn £5 note from Derbyshire.