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5 Pounds Royal Bank of Scotland
| Issuer | Royal Bank of Scotland |
|---|---|
| Year | 1987-1988 |
| Type | Log in to see details |
| Value | 5 Pounds |
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| Composition | Log in to see details |
| Size | Log in to see details |
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| 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 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | The Royal Bank of Scotland plc PROMISE TO PAY THE BEARER ON DEMAND FIVE POUNDS STERLING AT THEIR HEAD OFFICE HERE IN EDINBURGH BY ORDER OF THE BOARD |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
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| Variants | Log in to see details |
| Comments |
Thomas De La Rue had printed Scottish banknotes for decades by the time this series entered circulation, and the relationship was well-established enough that production quality on this issue is notably consistent. Scotland's retained right to issue its own banknotes — unique within the UK — rests on legislation predating the Bank of England's consolidation of English note issue, and the Royal Bank has exercised that right continuously since 1727.
The late 1980s saw growing pressure on Scottish issuers to harmonize security features with Bank of England standards. This note's watermark-only security profile looks thin by modern benchmarks, and the series was retired relatively quickly as polymer and multi-feature specifications became the industry norm.