Feel like a million-pound note? It's yours for £69,000
If the global economy has suffered a hammer blow of late it was evident yesterday at a London auction house where a rare one million pound banknote was sold to a private collector for £69,440 – 11 per cent less than the figure paid for an identical note at auction in 2008.
The banknote was printed in 1948 to help America's post-war recovery as part of the Marshall Aid Plan. The two notes, the sole survivors of nine printed in Britain, were given as mementoes to the UK and US treasury secretaries. The price paid for the latest banknote at Dix Noonan Webb, specialist auctioneers of coins and medals, included fees and tax.
Printed on Bank of England watermarked paper, with the signature of then secretary to the Treasury, EE Bridges, the note is stamped "CANCELLED, 6 OCT 1948, BANK OF ENGLAND" and features a small cancellation hole through the signature. It was issued in August 1948.
The notes – which are numbered 000007 and 000008 – bear the inscription: "This Treasury note entitles the Bank of England to payment of one million pounds on demand out of the consolidated fund of the United Kingdom."
The notes were employed by financial institutions to track money and were only in use for six weeks.
South Korea ferry passengers who were told to stay put 'got trapped' aboard sinking ship
Are beards attractive? Ryan Gosling says yes, but science says no. Take the A-list facial hair challenge and find out who's right
Malaysia Airlines MH370 co-pilot's phone 'was on and made contact with network tower' 30 minutes after plane turned around
Andre Johnson: Wu-Tang Clan-discovered rapper severed his penis and jumped from LA building
Oscar Pistorius trial: Defence witness 'unqualified' to testify
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
- 1 Poveglia: 'World's most haunted island' up for sale...is anyone brave enough to buy it?
- 2 Babies cry at night to stop mothers procreating, scientists claim
- 3 24 people applied for the 'world's toughest job', here are their interviews
- 4 Andre Johnson: Wu-Tang Clan-discovered rapper severed his penis and jumped from LA building
- 5 Mrs Doubtfire 2: Robin Williams set to star in sequel to 1993 comedy
£150.00 per week: QA Apprenticeships: This company is a company that specializ...
£153.75 per week: QA Apprenticeships: This company is an innovative outsourcin...
£150.00 per week: QA Apprenticeships: This company has been providing on site ...
£150.00 per week: QA Apprenticeships: We've been supplying best of breed peopl...