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5 Pounds Royal Bank of Scotland
| Issuer | Royal Bank of Scotland |
|---|---|
| Year | 1966-1967 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
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| Reverse description | Central vignette of the Royal Bank of Scotland Head Office building in Edinburgh rendered in fine line engraving, with a classical equestrian statue visible through the ornate iron entrance gates to the right. The composition is set against a light guilloche underprint, with the denomination '5' appearing at upper right and lower left corners. |
| Reverse lettering | The Royal Bank of Scotland Head Office Edinburgh Five Pounds |
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| Comments |
Royal Bank of Scotland's £5 issues of this period fall under the last generation of large-format Scottish notes before the move toward standardized dimensions aligned more closely with Bank of England practice. The series ran a very short window — just over a year — before being superseded, which limits surviving circulated examples considerably.
Scottish banks retained the legal right to issue their own notes under the Currency and Bank Notes Act 1954, a situation unique within the UK and one that periodically attracted Westminster scrutiny throughout the 1960s. RBS had to back its issue pound-for-pound with Bank of England notes held in reserve above the first million pounds issued.