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Ranging in price from a few thousand pounds all the way up to what is believed to be the world’s most expensive number plate MM which sold in California for $20million, the right registration and initials can be much sought after.which plans to put it up for auction in a bid to help raise funds to tackle a budget deficit.
It has not been in use since the lease on the council’s car ended in 2022, and has now been identified as a potential way to generate a capital receipt for the council, in the face of an extremely tough financial landscape. "The sale of the council registration HS 0 presents the opportunity to generate a sizeable sum. In current circumstances, it would be imprudent not to consider the sale of something which serves no real purpose and which, arguably, would be viewed by many as an unnecessary extravagance.”The determining factor on the value of private number plates can vary. Generally, the fewer characters on a registration number, the higher the value.
What is particularly unusual in terms of the council’s number plate is the use of the number zero on its own. Most registration numbers will start from 1 and the fact that the council’s registration number contains zero on its own makes it extremely rare.When the first system of motor vehicle registration was introduced in the 1900s, a one or two letter prefix followed by a number with up to four digits was used to indicate which local authority issued the registration mark.
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