A ticket of one million pounds was auctioned. .
A value of 1,000,000 pounds was sold for 78,300 pounds (aprox.U S $ 140,000), but this has nothing to do with the current banking crisis.
A rare note of 1 million pounds was sold yesterday (October 1, 2008) at auction to a private collector in the UK, for less than 80,000 pounds.
the ticket known as "The Number Eight" and renowned as one of only two in existence, was valid only for six weeks after it was issued in 1948, is green and has eight inches wide.
is one of nine issued by the Treasury in connection with the Marshall Plan
, who was the American plan for economic reconstruction of Europe after the Second World War
.
tickets were issued for official use only, and seven of them were destroyed after they were canceled. The other two were given as souvenirs to the secretaries of the treasury of the United States and Great Britain.
The ticket american, 000007, was sold at Christie's in 1991 for the equivalent of 23,000 pounds.
The British banknote, dated August 30, 1948, was given to EEBridges, secretary of the Treasury, whose signature is on the ticket. But (the ticket) abandoned the family some years ago. The ticket is now canceled, the firm is stamped on it, and there is a stamp with the date October 6, 1948, the Bank of England
. 000008
The ticket was put up for auction at Bloomsbury, by Bill Parkinson, and it was hoped that its price was between 35,000 and 40,000 pounds. Competitive bids exceeded expectations, and was sold for twice what was expected.
number eight, has been listed by the Guinness Book of Records as the highest denomination in private hands.
Spink, the auction house where the note was auctioned, the number seven also auctioned in 1977 for 8,000 pounds, when the ticket was listed by the Guinness Book of Records as the ticket the highest denomination in private hands.
- "This is the largest denomination of bill that we sold," said Barnaby Faull, director of Spink tickets.
- "We had tickets to the hyperinflation of the Weimar period of 10 billion marks, but they had the value of the price of a cup of coffee."
The Bank of England continues to issue one million tickets and hundred million pounds, known as 'Giant' and 'Titans', but only for internal circulation.
.
A rare note of 1 million pounds was sold yesterday (October 1, 2008) at auction to a private collector in the UK, for less than 80,000 pounds. 
