If you have “CASH”, this $2 million sign can be yours.

If you are one of nearly 10 million people in America with personalized license plates, you can get “CASH INFRASTRUCTURE”.

Just ask Cash or Claude Arthur Stewart Hamrick, a retired Bay Area patent attorney who registered his CASH cosmetic label in California about 50 years ago.

“Every time I sold cars, the dealers tried to buy them for me,” Hamrick, 83, said. Mercury news. “Every car dealer in San Jose wanted this license plate. I told them I wasn’t going to sell it for a million dollars.”

And he was right: the asking price is now $2 million.

Michael Modeki, the “license plate broker” behind the sale, said California is one of the few states in the US that allows the transfer of license plates from owner to owner.

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Modeki said that in a state like California where the lifestyle of the rich and famous thrives, someone could spend $2 million on a flashy accessory, especially one with a good story behind it.

Hamrick, owner of the plaque, was one of the first Silicon Valley lawyers to patent semiconductors, according to Modeka’s website. He met people like Bill Gates and Steve Jobs when the computer industry was booming in the late 80s and early 90s.

When Hamrick first ordered a CASH license plate in 1970, it was a Buick Riviera. Since then, she has always been attached to Cadillac.

Hamrick moved to North Carolina years ago to be closer to his grandchildren, but he hopes the one-of-a-kind potty will help him secure his final paycheck at Golden State, he told Mercury News.

Cosmetic bag “aftermarket”

Modeki, who has been interested in collectible cars and license plates since childhood, has tapped into the license plate aftermarket since 2015, the same year he learned California regulations had changed to allow owner to owner transfer of license plates.

“I thought someone else would do it. Nobody jumped on it,” he told FOX.

At least not here. Modeki says selling license plates is a lucrative business in other countries such as Hong Kong, the UAE and the UK.

In 2008, billionaire Saeed Abdul Ghaffar Khoury bought the world’s most expensive number 1 license plate at an auction in Abu Dhabi, United Arab Emirates. According to the Guinness Book of World Records, he paid a staggering $14.2 million.

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In states like Texas and Delaware, license plate enthusiasts can bid on “expensive” license plates at auctions. Delaware holds the record for the most expensive plate ever sold in the United States: number 6 for $675,000.

Meanwhile, a “RARE” find in Texas has been sold for $2,400 in 2021. And “12THMAN” – the nickname of Texas A&M football fans – sold for $115,000, the most expensive marijuana ever sold in the Lone Star State.

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Modeki found that numbers were more desirable than letters, but it was hard to know how valuable a particular tile would be. It doesn’t look like real estate or other industries with comparable sales.

“It’s all subjective. What you might have might be of immense value to someone else, and that someone else might have the means to pay for it,” Modeki explained. “That’s essentially what this market is like: that’s not what it’s worth, it’s what it’s worth to someone.”

Believe it or not, the CASH bank isn’t even the most expensive bank on the site. A California license plate with the letters “MM” (Michael Modeki) is also available if you have an additional $24.3 million.

“The market is very new now,” Modeki said. “We are very interested in the sale, but there have been no major sales yet. I don’t worry about it. I think it will be some time before someone decides to flip the market and become a pioneer.

“I think it will be exponential when it happens because it has been demonstrated elsewhere,” he continued. “The market is not yet fully defined and I’m curious to see where it goes.”

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