Banking on Scotland

While Scotland may currently have no strictly Scottish-owned banks, the country has had many during its colourful royal and political history. To list a couple, banks including The National Commercial Bank of Scotland and The Leith Banking Company no longer exist but their notes are very desirable - their being closed means that these notes can make many times their face value at auction.

Lot 523 in The Coins & Banknotes Auction on 2 July is this Caledonian Banking Company £1 note from 1893. Its estimate of £500-800 represents at least a 500% increase on face value but it could be more! Come along on the day to experience the excitement of auction and see it sell live. 

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Sarah Fergusson

Do you have coins or banknotes to sell? Contact sarah@mctears.co.uk for a free valuation or come along to the Valuation Days at McTear’s on Tuesday, Wednesday and Thursday each week for complimentary auction advice.