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Last Updated: Monday, 8 October 2007, 17:55 GMT 18:55 UK
Nine-bob note goes under hammer
The nine shilling note was produced in County Waterford in the late 1700s
The note was produced in Waterford in the late 1700s
The myth of the "nine-bob note" has been dispelled after a rare Irish banknote went up for auction in London.

The nine shilling note was produced in County Waterford in the late 1700s.

It went under the hammer at Spink where it was estimated at between 700-800.

It was issued by Newports Bank on 1 December 1799 and is from a collection of W.L.S. Barrett of Montreal in Canada.

The banknote, printed when Waterford had its own currency, was one of several Irish lots auctioned off on Monday.

Barnaby Faull, head of the banknotes department at Spink, said: "Any Irish banknote from this period is extremely rare.

"It is also difficult to find Irish notes of this age in fine condition, as Irish notes tended to be handled and circulated much more than some others, for some reason."

Other Irish banknotes included a one guinea note from Dungannon, dated 9 October 1812, which was estimated at 250-300, and a 1 note from the Belfast Banking Company, dated 5 December 1905, which had an estimate of 600-800.

A 10 note issued by the Northern Banking Company in February 1918 was expected to fetch up to 2,200, while a 5 note from March 1916 was expected to make more than 2,500.

An Ulster Bank 10 from July 1917 had an estimate of 1,500-2,000, while a rare Belfast Banking Company 10 from April 1903 was expected to make 3,500, and a Northern Bank 10 from March 1920 had a guide of 1,200-1,500.

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