The National Bank of Scotland £1 Note in the 1950s

Published on 1 September 2024 at 09:51

Following the removal of the Royal Coat of arms from the obverse in 1934, the basic design remained the same until the Bank's note-issuing demise in 1959.

The left hand vignette features Glasgow Cathedral, with Holyrood balancing it on the right. The reverse portrays a panoramic view of Edinburgh, prominence being given to the Scott Monument. 

The 1950s saw Two signature varieties with John Brown's signature adorning the issues until 1954, being replaced by David Alexander for the remaining period. All dates are readily available with the exception of the final print run of May 1 1959, this just Four months before the first of the National Commercial banks issues.

As well as subtle differences in the underlying colours, (see illustrations), especially the yellow, there are a good range of dates (27), and serial prefixes (27), a feature of the Jan 3 1956 issue being a split prefix, with the title "General Manager" being in Roman, and, subsequently, Italic capitals. 

A reasonable wage in 1955 was £9-£12 a week, in purchasing power, £1 in 1955 we be about £33 in today's (2024) money. 

 


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