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£1 Million note sold!

Posted on Thu, 2 October 2008 by Phil Mussell - Banknote News

On October 1 2008 Spink sold the famous Number Eight £1,000,000 note for £78,300 to a private UK based collector. It is believed that only two notes of this high denomination exist in the world today, the other numbered 000007. The million pound note was issued in connection with the Marshall Aid Plan after World War II and was intended for internal use as ‘records of movement,’ for a period of six weeks only. It is believed that eight 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. It was consigned to auction by Mr. Bill Parkinson.