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1 Guinea Royal Bank of Scotland
| Issuer | Royal Bank of Scotland |
|---|---|
| Year | 1758 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | £1 & 1 Sterling or One Guinea. The Royal Bank of Scotland Pursuant to Act of Parliament and Letters patent under the Great Seal is hereby obliged to pay to ____ Secretary, or the Bearer on demand One Pound one Shilling Sterling Edinburgh the twenty fourth day of March One thousand seven hundred and Fifty eight By Order of the Court of Directors |
| Reverse description | Reverse is entirely unprinted, presenting plain aged paper with no text, vignette, or ornamental device of any kind. |
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| Comments |
Guinea-denominated notes are rare in Scottish banking history — the guinea as a unit of account persisted in professional and commercial transactions long after gold guinea coins had effectively disappeared from everyday use. The Royal Bank of Scotland issued this 1758 note during a period of fierce competition with the Bank of Scotland, when both institutions were aggressively expanding their branch networks and note circulation to capture trade flowing through the central Lowlands.
The guinea denomination (21 shillings rather than the round pound sterling) signals this was almost certainly aimed at mercantile and legal settlement rather than wage payment or retail trade. Few Scottish guinea notes of any bank survive from this period.