The £100 million Banknote

Heard about that brouhaha over the trillion dollar coin? Well, the Brits beat us to it. Sort of.

The note above doesn't look like much, but you're looking at a real £1,000,000 banknote, nicknamed "giant" in the British currency system. And if you think that's big, it's nothing compared to its cousin "titan." That one is £100 million!

Chris Bowlby of the BBC has the story:

"When it comes to a £1m note, everybody thinks, 'What a fantastic thing'," says Barnaby Faull, head of the banknote department at the auctioneers Spink.

"What most people don't realise is they do actually exist."

But the £1m pound note - known as a "giant" - is not in circulation and it is inconceivable it will be made available from cashpoints. How many of us would risk carrying one around in our wallet, let alone have sufficient funds in our account to get one out?

And if you're wondering, there were 4,040 giants and titans printed with a total value of £8 billion. The titans are printed on A4 sized paper (a little smaller than a legal sized paper for us Yanks here in the United States), whereas the giants are smaller at A5.


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