Banknote, One guinea, issued by Royal Bank of Scotland

This one guinea banknote was issued by the Royal Bank of Scotland on 1 September 1777. This note is of considerable importance as it is the first British note to be printed in three colours.

The head of George III, printed in red, is similar to that which appeared on the obverse of the contemporary gold guinea piece. In the bank records this is known as the 'The Red Head' issue.

Founded in 1727, the capital of the Royal Bank of Scotland was to be used to support economic development on Scotland. It did not establish branches, nor did it try to absorb other banks. However, during the late 19th century these policies changed.

Record details

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Online ID:	000-100-079-401-C
Image Rights Holder:	National Museums Scotland
Project:	0098: National Museums Scotland Project description \| View all records in project
Ref:	National Museums Scotland H.OIA 100
Date:	1 September 1777 1777
Material:	Paper
Dimensions:	139 mm x 129 mm
What:	Banknote
Subject:
Who:	Royal Bank of Scotland (Maker)
Where:
Event:
Description:	One-guinea banknote, Royal Bank of Scotland, 1 September 1777
References:	Douglas, J. Scottish Banknotes. London: Stanley Gibbons, 1975, pp 192-209
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