See full images - free registration
Continue with Google - no registration! or register with email

Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!

1 Pound Sterling

Issuer Commercial Bank of Scotland Ltd.
Year 1886
Type Log in to see details
Value Log in to see details
Currency Pound sterling (1694-date)
Composition Log in to see details
Size Log in to see details
Shape Log in to see details
Printer Log in to see details
Designer(s) Log in to see details
Engraver(s) Log in to see details
In circulation to Log in to see details
Reference(s) Log in to see details
Obverse description Blue and red note with a central allegorical vignette at the top showing classical figures in a horizontal tableau, flanked by oval denomination cartouches reading "ONE" at each upper corner. The issuer's title "THE COMMERCIAL BANK OF SCOTLAND LIMITED" is printed in bold letterpress across the centre, with the promise-to-pay text and a large red guilloche underprint bearing the words "ONE POUND" overlaid. The lower portion carries the place and date of issue "EDINBURGH 2nd April 1886", the authorisation line "By order of the Court of Directors", two manuscript signatures above their printed role titles, and a border inscription reading "INCORPORATED BY ROYAL CHARTER & ACT OF PARLIAMENT"; the top border carries "UNDER ACT 16 & 17 VICT. CAP. 63".
Obverse lettering UNDER ACT 16 & 17 VICT. CAP. 63
ONE
THE COMMERCIAL BANK OF SCOTLAND LIMITED
Promise to pay the Bearer on demand ONE POUND Sterling at the Office here
EDINBURGH 2nd April 1886
By order of the Court of Directors
INCORPORATED BY ROYAL CHARTER & ACT OF PARLIAMENT
Reverse description Log in to see details
Reverse lettering Log in to see details
Signature(s) Log in to see details
Protection type Log in to see details
Protection description Log in to see details
Variants Log in to see details
Comments

The Commercial Bank of Scotland was one of the Edinburgh-based joint-stock banks that fiercely defended its note-issuing rights throughout the nineteenth century — Scottish banking law, never harmonized with the Bank Charter Act of 1844, permitted authorized Scottish banks to continue issuing their own £1 notes long after English provincial banks lost that privilege entirely. This note dates from well into that protected period.

The Commercial Bank merged with the National Bank of Scotland in 1959, ending a note-issuing lineage stretching back to 1810. An 1886 example predates that merger by over seven decades and falls within the series before the bank's significant branch expansion of the early twentieth century tightened printing controls and standardized issue procedures more rigidly.

YOU MAY ALSO LIKE