Rare £1,000 banknote is expected to sell for £20k!

Published Monday, Sep 29 2014, 19:00 BST  |  By  |  Add comment
A rare £1,000 banknote is expected to sell for 20 times its face value!

The high value note was issued in 1935, when it could buy you two average-sized homes and was worth five times the average salary. We wouldn't fancy walking around with that in our back pocket!

£1,000 bank note

© Dix, Noonan & Webb ( DNW ) Ltd.

But everything higher than a £5 note was pulled out of circulation after a Nazi plot to flood wartime Britain with forged money was discovered.

The planned plot would put £130m of fake currency into the economy, so the banks acted quickly to pull notes higher than £5 out of circulation.

Those notes taken out of circulation were destroyed - but 63 of the £1,000 notes were unaccounted for and it's thought that at least 20 still exist somewhere.

Although £1,000 would now be worth around £30,000 in this economy, it is expected that the note will fetch around £20,000 at auction.

We still wouldn't mind having that!

By Chanel O'Etienne

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