Rare-1876-Caledonian-Banking-Company-Limited-£1-Note-of-Inverness

Rare 1876 Caledonian Banking Company Limited £1 Note of Inverness

26 Jul 2018  Thu

A seller from Inverness, Scotland auctioned a rare 1876 Caledonian Banking Company Limited £1 note for £1,700 at McTear’s Auctioneers in Glasgow. The note features handwritten signatures of the accountant and manager of the bank, making it more desirable. Only three such examples have been sold in the last decade in UK.

The note features the Inverness Castle across the River Ness. Two “Highland” scenes feature people wearing traditional clothing. A commonly found Gaelic motto reads “Land of Mountains, Glens and Heroes”. Even though the note is not in great condition, it got a lot of attention due to its rarity.

The bank which issued the note was founded in Inverness in 1838. After a few years, the bank was shifted to a large white property opposite the Townhouse. 20 branches were introduced throughout the Highlands between 1838 and 1845. However, it shut operations in 1907 due to a financial crisis.

Another seller from Oban sold a 1990 gold £5 coin for £950, an 1888 gold USA $20 coin for £900 and a 2013 Jersey Royal Baby Gold £5 coin for £850.

Image courtesy: McTear’s Auctioneers