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1 000 000 Pound
| Issuer | Bank of England |
|---|---|
| Year | 1993 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Pound sterling (decimalized, 1971-date) |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Reverse is blank cream paper, showing only the faint bleed-through impression of the obverse lettering and vignettes visible in ghost form through the thin paper stock. |
| Reverse lettering | Blank |
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| Comments |
These are internal "giants" — non-negotiable instruments used by the Bank of England to back Scottish and Northern Irish banknote issues. Commercial banks in those regions are legally permitted to issue their own notes only when they hold an equivalent face value of Bank of England paper in reserve. The giants, along with the 100-million-pound "titans," fulfill that backing requirement.
They never entered public circulation and were never intended to. A handful have been sold at auction after being officially withdrawn, which is the only route by which one reaches private hands.