1938 Commercial Bank of Scotland One Pound Banknote
Offered here is an original Commercial Bank of Scotland Limited One Pound (£1) banknote, dated 22nd June 1938, issued just over a year before the outbreak of the Second World War. This is a genuine pre-war Scottish banknote and an increasingly collectible piece of Scotland’s banking heritage.
The Commercial Bank of Scotland was founded in 1810 and became one of Scotland’s leading note-issuing banks. In 1959, it merged with the National Bank of Scotland to form the National Commercial Bank of Scotland, before later becoming part of the Royal Bank of Scotland Group. As a result, original Commercial Bank of Scotland notes are no longer issued and remain highly sought after by collectors of Scottish paper money.
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Note Details
* Issuer: Commercial Bank of Scotland Limited * Denomination: One Pound (£1) * Date: 22nd June 1938 * Serial Number: G/24 001543 * Reference: SC404c (Banknote Yearbook) * Printer: Waterlow & Sons Ltd., London * Portrait: John Pitcairn * Reverse: Commercial Bank of Scotland Headquarters, Edinburgh
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Condition
In my opinion this note grades approximately:
Fine (F) / Good Fine
It remains an attractive collector’s example with:
✔ Strong original detail
✔ Complete note with no missing pieces
✔ Good colour throughout
✔ Honest circulation wear
✔ Typical folds expected for a circulated pre-war note
Please study the high-resolution photographs carefully as they form an important part of the description and accurately show the condition of the note you will receive.
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Historical Significance
Issued in 1938, this note represents one of the last peaceful years before Britain entered the Second World War. Scottish banks continued to issue their own sterling banknotes, a tradition dating back more than three centuries and still unique within the United Kingdom today.
The portrait featured is John Pitcairn, one of the founders of the Commercial Bank of Scotland, while the reverse depicts the bank’s impressive Edinburgh headquarters. The intricate engraving by Waterlow & Sons showcases the exceptional craftsmanship for which British banknote printers became famous worldwide.
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Why Buy from KMR?
✔ Genuine original banknotes only
✔ High-resolution photographs of the actual item
✔ Secure protective packaging
✔ Fast UK dispatch
✔ Trusted UK seller
✔ Combined postage available on multiple purchases
This is an excellent opportunity to acquire a genuine 1938 pre-war Scottish banknote, ideal for collectors of Scottish currency, British banknotes, banking history or pre-decimal paper money.