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5 Shillings Sterling

Emittente Royal Bank of Scotland
Anno 1791
Tipo Accedi per vedere i dettagli
Valore Accedi per vedere i dettagli
Valuta Pound sterling (1694-date)
Composizione Accedi per vedere i dettagli
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Descrizione del dritto The obverse is set on aged cream paper with a hand-engraved vignette in the upper left corner comprising a royal crown above a thistle plant, rendered in fine intaglio line work. The denomination "FIVE SHILLINGS" is inscribed in large copperplate script across the upper portion, beneath which the promissory text in flowing cursive reads "The Royal Bank of Scotland promise to pay to [payee] or Bearer on demand Five Shillings Sterling Edinburgh 3rd April 1791." The lower section carries manuscript signatures authorised by order of the Directors, consistent with the hand-signed issue practice of the period.
Legenda del dritto FIVE SHILLINGS
The Royal Bank of Scotland promise to pay to Bearer on demand Five Shillings Sterling Edinburgh 3 April 1791
By Order of the Directors
Descrizione del rovescio Accedi per vedere i dettagli
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Descrizione della protezione Accedi per vedere i dettagli
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Commenti

The Royal Bank of Scotland's five shilling denomination sat at an awkward commercial position — too small for serious mercantile transactions, too large for everyday working-class use in an economy still heavily reliant on coin. Scottish banks had long exploited the legal latitude north of the border to issue paper at denominations the Bank of England could not, and the five shilling note was a direct product of that freedom.

By 1791 the RBS was well established on St. Andrew Square, competing aggressively with the Bank of Scotland and the proliferating provincial banks. Notes of this denomination from this period rarely survived use — paper turnover was high, and redemption records suggest most were exchanged within weeks of issue.