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1 Pound Dundee Commercial Bank
| Issuer | Dundee Commercial Bank |
|---|---|
| Year | 1832 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse lettering | ONE POUND |
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| Protection description | Blue overlapping lathe-work rosettes on the obverse; salmon-pink underprint visible through the reverse guilloche medallion |
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| Comments |
The Dundee Commercial Bank had a short and troubled existence, collapsing in 1838 — just six years after this note's issue date — following a run on the bank triggered by broader credit instability across Scottish provincial banking. Notes from its final years are occasionally found uncirculated because they were refused by a nervous public and never formally tendered.
Scottish one-pound notes of this period occupied a politically charged space: the Bank of England had been pushing to suppress small-denomination note issue south of the border since 1826, and the Scottish banking lobby fought hard — successfully — to keep the £1 note alive in Scotland. This note is a direct product of that constitutional fight.