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1 Pound Royal Bank of Scotland - Scottish Parliament

Issuer Royal Bank of Scotland
Year 1999
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Printer Thomas De La Rue & Company
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Obverse description Intaglio portrait of Lord Ilay, First Governor of the Royal Bank of Scotland, at right on a green guilloche underprint; at centre, the bank's coat of arms is set below the denomination ONE POUND STERLING together with the promise-to-pay clause and the commemorative date 12th May 1999. At left, a commemorative inscription records the First Meeting of the Scottish Parliament, accompanied by a Saltire flag vignette at lower left and the £1 numeral in a solid green panel.
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Protection description Lord Ilay portrait watermark visible when held to light; embedded security thread running vertically through the note
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Comments

Issued specifically to mark the opening of the Scottish Parliament in 1999, this note was a commemorative release rather than a standard circulation issue — RBS produced it as a limited edition, and most examples were purchased directly as souvenirs rather than spent. That makes heavily circulated examples unusual, though not rare enough to command a serious premium.

De La Rue printed the series, as they had for RBS commemoratives throughout the late twentieth century. The security thread runs vertically and windowed, consistent with the bank's commercial pound notes of the same period.

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