HOUSTON - You see the vanity license plates on the roads, as drivers stamp their personality on their rides.RELATED: 35th Annual Art Car Parade returns in person after two yearsSome of them are more valuable than you might think.
The American Association of Motor Vehicle Administrators says there are 9.7 million personalized plates in the U.S. Some of them are worth thousands, or even millions of dollars."This one here, the word CASH," plate collector and seller Michael Modecki held up a California plate.MORE SULLIVAN'S SMART SENSEThe word CASH could turn this aluminum license plate into gold."We're asking two million dollars for it.
Yah, and we think it’s a reasonable price for it," said Modecki. He says a California driver has asked him to sell it on his site ThePlateBroker.com.Some states, such as Texas and California, allow plates to be legally transferred to a new owner and vehicle. RELATED: Quick ways to make your car more fuel efficientThe record in the United States right now is $675,000 for the number 11 on a Delaware plate.
Unique numbers, letters, and phrases make the plates RARE. The Texas plate reading RARE, by the way, sold for $2,400 last year."It’s quite unique.