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12 Pounds Scots

Uitgever Bank of Scotland
Jaar 1723
Type Log in om details te zien
Waarde Log in om details te zien
Valuta Log in om details te zien
Samenstelling Log in om details te zien
Afmetingen Log in om details te zien
Vorm Log in om details te zien
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
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In omloop tot Log in om details te zien
Referentie(s) P#9
Beschrijving voorzijde Handwritten note on aged laid paper with a decorative engraved border on the left margin. The text, in period calligraphic script, reads the promissory obligation of the Governour and Company of the Bank of Scotland, constituted by Act of Parliament, to pay the bearer Twelve Pounds Scots on Demand, dated Edinburgh, June 24, 1723. The note bears manuscript signatures by order of the Court of Directors, with a bold countersignature in the lower portion.
Opschrift voorzijde Nº 44185 Edinburgh June 24. 1723. The Governour & Company of y Bank of Scotland constituted by Act of Parliament do hereby oblige themselves to pay to [payee name] or the Bearer Twelve pounds Scots on Demand By order of y Court of Directors
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Log in om details te zien
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
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Opmerkingen

Twelve pounds Scots is a denomination that requires immediate translation for any modern reader: by 1723, the pound Scots had been fixed at one-twelfth of pound Sterling since the 1707 Act of Union, making this note worth exactly one pound Sterling. Bank of Scotland was issuing paper money from its founding in 1695, making it among the earliest continuously operating note-issuing banks in the world, and the 1723 series reflects a period when the bank was actively rebuilding after the Darien scheme's catastrophic collapse had nearly destroyed its balance sheet.

Hand-laid paper at this date almost certainly came from Scottish paper mills, though watermark analysis remains the only reliable way to confirm provenance on individual examples.