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1 Pound Bank of Scotland

Issuer Bank of Scotland
Year 1945-1953
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Printer G. Waterston & Sons, Edinburgh
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Reverse description The reverse is printed in golden-brown with a series of concentric rectangular guilloche borders framing a central heraldic vignette of the Bank of Scotland coat of arms, which displays a saltire shield with roundels and the motto TANTO UBERIOR on a ribbon below. Two allegorical female figures flank the shield — one to the left holding a cornucopia and the other to the right holding scales of justice — rendered in fine intaglio line engraving. The pound symbol £1 appears in large letterpress at both left and right within the border.
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Variants P#96a - 04.01.1945 - 06.02.1945 / 04.01.1945 signatures: Elphinstone & Crawford
P#96b - 07.02.1945 - 19.11.1952 / 29.11.1945 signatures: Elphinstone & Crawford
P#96c - 04.09.1953, 16.10.1953 & 09.11.1953 signatures: Elphinstone & Watson
Comments

G. Waterston & Sons had printed Bank of Scotland notes for generations by the time this series was running, and the relationship showed in the consistency of production across nearly a decade of issue. The transition from Crawford to Watson as co-signatory in 1953 — while Elphinstone remained constant throughout — marks the only structural change in the series and gives collectors a clean way to periodize the signature combinations.

The three 1953 dates are notably clustered within ten weeks, suggesting Watson's appointment prompted a deliberate burst of new issuances before the series was retired.

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