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June Auction Catalogue : Banknote Sale

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London Coins Auction 165
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World Banknotes : Lot 1019

lot

description

estimate

1019 Scotland 1 Guinea The Royal Bank of Scotland First Lizars Issue dated 4th November 1826 signed James More for the Accountant and Archibald Bonar for the Cashier. Calloway and Murphy RB38. Vignette of Neptune & Britannia upper centre surmounted by crown, Pay Andrew Bogle or the bearer and an elaborate printed reverse. William Home Lizars the printer and engraver who prepared some of Scotland's finest banknote designs, was asked to engrave new £1 and 1 Guinea notes in 1825. There was already a family connection with the bank as his father Daniel Lizars had been a customer since at least 1799 and William himself had been granted a credit of £300 in 1812 'upon an obligation Sir Alex Jardine, Bart (his brother-in-law) and Charles Stewart Printer in Edinburgh being in place of one held by Daniel Lizars, Engraver here.' (his father Daniel had just died). Both the £1 and 1 Guinea notes employ a much more intricate and detailed engraving techniques possible when using harder steel plate. Lizars was at the forefront of these techniques. Both the £1 and the 1 Guinea for the first time for the Royal Bank have printed reverses. These 1 Guinea notes are the last to be issued by the Royal Bank whose minutes indicated that some 550 books at 400 notes per book were issued (= 220,000 notes). Issuance ceased in February 1830 after yet another forgery. The bank's records refer to Steel Plates No. 1 to No. 3, from which it is inferred that the original plate was re-engraved, perhaps in response to forgeries. About Fine with pinholes £1,000 - £1,200

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