5 Pounds Town and County Bank

The Town and County Bank Limited was absorbed into the Royal Bank of Scotland in 1907, making any note issued in the final decade of its independence a terminal series. Bradbury Wilkinson, whose New Malden works produced some of the most technically accomplished commercial bank printing of the Victorian period, handled the plate work here — their intaglio output for Scottish provincial banks was consistently superior to what most English country banks were receiving at the same time.

Scottish £5 notes from absorbed provincial issuers are structurally undervalued in most collections. The window between the bank's incorporation as a limited company in 1890 and its acquisition by RBS is narrow, and high-denomination survivor rates from that period are poor.