Personalised Number Plate Information

NUMBER PLATES:

If Sydneysiders thought property prices had hit peak ridiculous, licence number plate collectors have gone one better with the original NSW No.4 plate up for sale for between $1.2 million and $1.4 million.

The asking price tops the $1.18 million median house price in Sydney, and doesn't even include the Rolls-Royce that it was attached to until early last year when it was owned by Aussie John Symond.

The founder and executive chairman of Aussie Home Loans bought it in 2010 from property developer Ivan Holland, who had secured it in an art swap from businessman and art collector John Schaeffer.

Aussie John was approached to sell the 1910-registered plate early last year, but with a $1.2 million price tag the buyer from Asia declined.

Mr Symond has confirmed he sold the plates 18 months ago to a mystery buyer in South Sydney.

Numberplate aficionado Shane Moore said the plate is widely rumoured to have been sold by Mr Symond for about $1 million.

"Single-digit plates rarely trade so quickly," said Mr Moore, who runs the numberplates.com.au website.

"They are usually held within the one family for decades. As an asset class they've appreciated in value in recent years, but they're also a volatile asset. If things go badly, investors will sell off the plates."

Registered in 1910, the No.4 licence plate is the most expensive item set to go under the hammer on August 28 at the 2017 Shannons Sydney Winter Classic Auction.

It tops the asking prices for 26 cars on offer, including a 1924 Rolls-Royce for $120,000, a 1964 Porsche for $125,000 and a Mustang Fastback for $120,000.

Single-digit, heritage licence plates have long been a highly prized collectible among the ultra-wealthy. In 2008, the No.6 NSW number plate sold for $800,000. It topped the previous high of $683,000 paid in 2003 by an Asian businessman for No.2.

The No.1 plate is owned by the family of the late founding chairman of Australian National Airways, Sir Frederick Stewart, who had owned it since the 1930s.

The No.8 plate was regarded as the most valuable because it is regarded as auspicious in traditional Chinese culture. It last traded in 2010 for $500,000.

In Victoria, single-digit number plates are also investment-grade assets. The number 1 VIC plate is owned by former Foster's Group chief Peter Bartels.

In 2013 British businessman Afzal Kahn knocked back £8.5 million for his "F1" numberplate, having bought it for a record £440,000 in 2008, according to The Telegraph in London.

---

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

---

For those residents wishing to secure their vehicle registration plates, and so preventing them from being stolen, the Kirwans Bridge Neighbourhood Watch is holding a Safe Plate Day at the next Nagambie market.

The group will be setting up in Blayney Lane on Saturday.

For just a gold coin donation, get your number plates secured with the one-way safety screws.

● Another crime prevention initiative being held this weekend will be at the Tallarook market on Sunday.

Police will be there with engraving equipment to put identifying numbers on residents pushbikes, scooters and any other similar equipment.

Bring your property down, with your drivers licence and that number will be engraved on the item.

This helps to prevent theft and also greatly assists police to find owners if property does get stolen or lost.

---

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.

---

T’S happened again – and set a record: Someone paid $745,000 for the numerical NSW plate ‘29’, eclipsing the previous auction record of $689,000 paid for NSW ‘2’ back in 2003.

It also set an Australian auction record for a double-digit number plate, topping the $530,000 paid for the Victorian plate ‘21’ at Shannons Melbourne Winter Auction last July.

Other strong number plate sales were $82,000 paid for NSW ‘9191’ and $35,000 for NSW ‘85758’, taking total sales on the night for the six heritage plates on offer to $956,000.

Classic motorcycles were also hot property, topped by $37,000 paid for an ‘as new’ 1975 Norton Commando Mk3 850cc with just 29km delivery on its odometer, and a 1950s Austin J40 pedal car sold for $9300.

Other impressive results from the auction included a restored 1964 Porsche 356C Coupe which went for $137,000, a restored 1949 48-215 ‘FX’ Holden which commanded $46,000, a 1962 MGA 1600 sports car fetched $52,000 and a stately and exceptionally low mileage Mercedes-Benz 300B ‘Adenauer’ limousine first owned by the Victa lawnmower family sold for $50,000.

As well, a superbly-restored 1970 Ford XY Falcon GT sedan sold for $180,000.

Other News:

A shortage of vehicle number plates has hit the Kenyan market, causing a backlog in the clearance of cars at Mombasa port.

The National Transport and Safety Authority (NTSA) attributed the shortage that started two weeks ago to increased registration of cars that has outpaced supply of number plates.

“Demand is far much higher than supply. There are just too many vehicles being imported into the country, especially second-hand cars,” NTSA director of registration and licensing.

She added that the supply issue will ease after Kamiti Maximum Security Prison, where the number plates are manually made, increases supply.
The law mandates the prisons department to make the plates.

Official data shows that Kenyans bought 15,858 used vehicles in the first quarter of the year, compared to 14,346 units in a similar period of last year, representing a 10.5 per cent growth.

It is mandatory for imported second hand vehicles to be fitted with number plates before leaving the port.

The country imports about 6,000 second hand cars monthly, according to dealers.
Dealers said that the shortage had hit them hard as they were forced to incur storage charges at the port amid cash flow hiccups due to delays as some had taken loans.

“We are incurring heavy storage charges as the cars are detained at the port despite having paid duty and customs clearance cash in advance,” said Charles Munyori, the secretary-general of Kenya Auto Bazaar Association, a lobby for second hand car dealers.

The storage charges are based on the volume of vehicles and the number of days they take at the Mombasa port or at container freight stations.

Industry insiders, however, said the number plate problem normally occurs every time a new registration number comes up as importers delay registration to take advantage of the newest numbers.

---

By 1982, the year suffixes had reached Y and so from 1983 onwards the sequence was reversed again, so that the year letter - starting again at A" - preceded the numbers then the letters of the registration. The available range was then A21 AAA to Y999 YYY, the numbers 1-20 being held back for the government's proposed, and later implemented, DVLA select registration sales scheme. Towards the mid-1990s there was some discussion about introducing a unified scheme for Europe, which would also incorporate the country code of origin of the vehicle, but after much debate such a scheme was not adopted due to lack of countries willing to participate. The changes in 1983 also brought the letter Q into use - although on a very small and limited scale. It was used on vehicles of indeterminate age, such as those assembled from kits, substantial rebuilds, or imported vehicles where the documentation is insufficient to determine the age. There was a marked increase in the use of Q registrations

---