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50 Pounds Sterling

Issuer Bank of Scotland
Year 2020
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Currency Pound sterling (1694-date)
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Obverse description The obverse is dominated on the right by a large intaglio portrait of a figure rendered in deep red tones, with the vertical inscription "BANK OF SCOTLAND" and the denomination numeral "50" to the far right. The centre carries a vignette of the Bank of Scotland head office on the Mound in Edinburgh, surmounted by a guilloche underprint in rose and violet hues, with the promise text, serial number "AA 000001" in black, date "1st June 2020", and facsimile signatures of the Governor and Treasurer below. To the left, a large transparent window security element contains a multi-colour holographic image of the Goddess of Fame statue and a domed architectural motif, alongside a thistle emblem and the numeral "50" in colour-shifting ink.
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Protection type Transparent window, Hologram, Colour-shifting ink, Microprint, Serial number
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Comments

Bank of Scotland's polymer £50 arrived as part of the broader UK transition away from paper currency — a move driven largely by the Bank of England's own polymer rollout, which pushed Scottish commercial banks to follow. De La Rue produced the note at their Gateshead facility, not in Edinburgh; the Scottish connection is regulatory and institutional, not typographic.

Scottish banknotes, despite being legal currency in Scotland, remain technically promissory notes backed by the issuing bank's own reserves and an equivalent deposit held at the Bank of England — a distinction that occasionally causes grief when these notes are refused in England.

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