Important British, Scottish and World Paper Money including The Union Bank of Scotland Collection (Part III)

One Pound, 1 October 1921, A 000000, Hird-McCrindle signatures, stamped SPECIMEN across front, four small punch-holes in signature area (Douglas 36-2). A 40mm strip of white tape on back, otherwise good extremely fine to about uncirculated (£300-350)

This lot was sold as part of a special collection, The Union Bank of Scotland Collection.

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Collection

Records indicate that only 25 specimen notes were printed.

A second series of notes from Waterlow & Sons Ltd appeared in 1921, printed with a red and yellow overlay in the form of a sunburst. The £1, £5 and £10 had one printed signature but notes for £20 and £100 were still signed by hand until the early 1940s. The £1 note was printed in sheets of eight and, after a reduction in size in 1924, in sheets of 16