Reg Plate Auction - Day 3 News - £63,500 for 1 OOO

The third day of the DVLA cherished number plate auction is underway with a bang!

the registration plate 1 OOO has been sold to a telephone bidder for the sum of £63,500 hammer price!

2010 Car Number Plates

We're now just over a month away from the introduction of the 2010 number plate on all new cars hitting the road after the beginning of March.

While the excitement surrounding the introduction of new number plates may go over some people's heads, during the past few years a real demand has grown for personalised plates, with some selling for an absolute fortune at auction.

Music legend Elton John's former number plate ELT 70N recently went up for auction for just under £1,000, but that's nothing compared to the £113,815 one crazy person (in the nicest sense) shelled out on a 1 HRH number plate auctioned by the DVLA at the beginning of 2009. And even that has some way to go to surpass £254,000 paid to take ownership of the 51 NGH plate.

Acrylic Number Plates

Acrylic number plates sigify the registration mark of a vehicle.

They can be made of different materials, but more commonly seen are metals and acrylics. But as to how the standard specifications on the use, make and display guidelines of number plates are, it would vary with every city and country. There are some who would prefer to have their number plates more personalized. As long as how it is obtained abides with the regulations, such is possible. In fact, motorists of today are starting to appreciate better the value of vanity plates.

The first series of number plates were issued in 1903 and ran until 1932, using the series A 1 to YY 9999. The letter or pair of letters indicated the local authority in whose area the vehicle was registered, for example A - London, B - Lancashire, C - West Riding of Yorkshire. In England and Wales the letter codes were initially allocated in order of population size (by the 1901 census) whilst Scotland and Ireland had their own sequences incorporating the letters S" and "I" respectively, which were allocated alphabetically: IA = Antrim, IB = Armagh, etc. When a licensing authority reached 9999, it was allocated another two letter mark, but there was no pattern to these subsequent allocations as they were allocated on a first come first served basis. There are three interesting anomalies where a zero has been issued - The Lord Provost of Edinburgh has S 0 and his Glasgow counterpart has G 0 while the official car of the Lord Provost of Aberdeen has RG 0. In addition the Lord Mayor

In 1963, numbers were running out once again, and an attempt was made to create a national scheme to alleviate the problem. The three letter, up to three number system was kept, but a letter suffix was added, which changed every year. In this scheme, numbers were drawn from the range AAA 1A to YYY 999A for the first year, then AAA 1B to YYY 999B for the second year, and so on. Some areas did not adopt the year letter for the first two years, sticking to their own schemes, but in 1965 adding the year letter was made compulsory. As well as yielding many more available numbers, it was a handy way for vehicle buyers to know the age of the vehicle immediately. At first the year letter changed on 1 January every year, but car retailers started to notice that buyers would tend to wait until the New Year for the new letter to be issued, so that they could get a newer" car. This led to major peaks and troughs in sales over the year, and to help flatten this out somewhat the industry lobbied

Number Plates as an alternative investment

Investing in car registration plates may seem like an unorthodox way of making money and a considerable statement in the process. Nevertheless, hundreds of investors and drivers now choose to purchase car registration plates with significant future returns available. The most obvious reason for purchasing car registration plates is to personalise your vehicle, to make you stand out from the crowd.

Even a mere decade ago, drivers with personalised registration plates were seen as wealthy and successful. In the present day, car registration plates are now more accessible and economical for the everyday working man to purchase. Drivers looking for a potential investment must keep in mind that the registration plate they purchase must be easy to sell on in the future.