Rare million-pound note goes under the hammer for much lesser face value


How much wouldf you pay to buy money? No, I’m not talking about fake notes, but a note from the British Treasury printed after the Second World War. The One Million Pound note went under the hammer, and fetched a stunning £56,000 ($87,360). The immortal piece of history came into auction with an estimated sale price of £40,000 by Dix Noonan and Webb in London and is a uni-faced note, one of only two that is believed to exist. Dated to 30th AUGUST 1948 the note sports the serial number D 000007 and the signature of E E Bridges, then Secretary to the Treasury.

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Printed at the Bank of England, the note sports a standard white watermarked paper with green ink as opposed to the black print that can be generally seen. It was stamped “CANCELLED” ad on the 6th October 1948. It is touted that the all the notes were destroyed by the issue bank barring two bearing the serial numbers D 000007 and D 000008, each for One Million Pounds.
[CoinUpdate]

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