Wednesday 1 October 2008

A RARE one MILLION pound bank note will go on auction today

Once in a lifetime chance!
London auction firm Spink will sell the number eight green banknote believed to be one of only two in existence.

The other £1,000,000 note is numbered 000007 and was sold for £8,000 by Spink in 1977 through a private sale. The note was listed by the Guinness Book of Records as being the highest denomination in private ownership. A Spink spokesman told Coinlink the defunct number eight note, entered for sale by UK-based banknote collector Bill Parkinson, may fetch £35,000 to £40,000 at its sale of world banknotes. The eight-inch-wide million pound note was issued after the Second World War in connection with the Marshall Aid Plan and was intended for internal use. It is believed number seven and eight are the only remaining notes of nine that were produced at the time. They were given as mementoes to the US and UK Treasury Secretaries. The number eight note is dated August 30, 1948. The sale will take place at Spink’s auction house in Bloomsbury.

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