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.
Find out what your items are worth by completing our short valuation form - it's free!