£1,000,000 banknote to sell for £40,000
A rare UK bank note for one million pounds is set to sell at auction for £40,000, but it is not the bargain it first appears
There have only ever been nine £1,000,000 notes produced and only two remain ... but you shouldn't take it at face value.
They were issued by the Treasury on August 30, 1948 in connection with the Marshall Aid Plan after World War II and wre intended for internal use as 'records of movement' for a period of six weeks only.
After that they were signed and stamped so they could never be used again, shame, any chance of rubbing that out?
A spokesperson for Spink, the specialist auctioneers, who will sell the not on on October 1 said: "It is believed that nine examples were produced and only two, Numbers Seven and Eight, survived.
"The two notes were given as mementoes to the respective U.S. and U.K. Treasury Secretaries. The Number Seven was first sold in 1977 and is listed in the Guinness Book of Records as being the highest denomination note in private hands.
"The Number Eight note is dated 30 August 1948. It bears the signature of E. E. Bridges in the lower right hand corner and is cancelled over the signature and stamped 6 October 1948, Bank of England."
LINKS
