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Selling a valuable number plate

Lewiz
Lewiz Posts: 2 Newbie
So I've been tasked with selling a number plate for my mother-in-law and I'm not sure of the best way to sell it. I think it might be quite a valuable one, but I'm not 100% sure. In my research I've read that the main websites overvalue them and if it does sell they take a large commission. Also, I've read that selling via eBay or gumtree won't get it that much exposure.

Does anyone have any advice on getting it valued? And the best way to sell it?

Thanks
«1

Comments

  • couriervanman
    couriervanman Posts: 1,667 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Well firstly is it a good plate........nothing worse than seeing a private plate with S for a 5....8 for B.... black screw heads....larger or smaller gaps......and still no idea what it supposed to say
  • Lewiz
    Lewiz Posts: 2 Newbie
    Thanks for your reply. It's 'BET 2' and we have a retention document for it. I was thinking it might be popular with betting companies and I read that the lower the number is after, the more valuable the plate is.
  • a.turner
    a.turner Posts: 655 Forumite
    500 Posts
    Lewiz wrote: »
    Thanks for your reply. It's 'BET 2' and we have a retention document for it. I was thinking it might be popular with betting companies and I read that the lower the number is after, the more valuable the plate is.

    It's only worth what someone will pay. I think the numbers a red herring as 365 would be worth a lot more if they wanted it.
  • couriervanman
    couriervanman Posts: 1,667 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    I always wonder if the plate....TO55 ERS is/was issued
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    BET2 is definitely going to sell well - popular dictionary word, single digit.

    2BET is for sale currently for £86k, BET7 for £52k, 3BET for £36k.
    https://www.regtransfers.co.uk/search/searchresults?criteria=bet#pg30=9;pg50=1;pg60=1;

    That doesn't mean they'll actually achieve those prices, of course, but we certainly aren't talking about the dregs of the tenuously-misspelled...

    Get in contact with some of the plate agents, and find out which one you find least unpleasant to deal with...
  • Boomslang
    Boomslang Posts: 106 Forumite
    a.turner wrote: »
    It's only worth what someone will pay.

    Stating the obvious.

    But as with anything you talk to people who trade in these things who will give you an indication and if they are on commission they will will try and maximise their return.
  • Nasqueron
    Nasqueron Posts: 11,085 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I always wonder if the plate....TO55 ERS is/was issued


    Government specifically excluded any rude ones, even vague things


    BL0x JOB has never been sold for example, nor BA57 ARD etc

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • DUTR
    DUTR Posts: 12,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Lewiz wrote: »
    So I've been tasked with selling a number plate for my mother-in-law and I'm not sure of the best way to sell it. I think it might be quite a valuable one, but I'm not 100% sure. In my research I've read that the main websites overvalue them and if it does sell they take a large commission. Also, I've read that selling via eBay or gumtree won't get it that much exposure.

    Does anyone have any advice on getting it valued? And the best way to sell it?

    Thanks

    You say get it valued others have already said it's what someone is willing to pay for it and what the retention holder is willing to let it go for.

    Plenty of examples
    LEW1S may be of some desire to you, but then what would you be willing to pay?

    I do have a plate with my initials and single digit, it has sentimental value to me, so if someone came along and offered me £10M for it, it still wouldn't be for sale.
  • Boomslang
    Boomslang Posts: 106 Forumite
    DUTR wrote: »
    if someone came along and offered me £10M for it, it still wouldn't be for sale.

    Everything is for sale! ;)

    And it would take a lot less than £10m ....lol.
  • daveyjp
    daveyjp Posts: 13,758 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The best way is to stick it in an auction.
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