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The Royal Bank of Scotland £10 note

From Wikipedia, the free encyclopedia

Ten pounds
(United Kingdom)
Value£10 sterling
Width132 mm
Height69 mm
Security featuresSee-through window, raised print, security thread, image transition, UV fluorescence, microlettering [1]
Material usedPolymer
Years of printing1727–present
2017–present (current design)
Obverse
DesignMary Somerville
Design date2017
Reverse
DesignTwo otters
Design date2017

The Royal Bank of Scotland £10 note, also known as a tenner, is a sterling banknote. It is the third smallest denomination of banknote issued by The Royal Bank of Scotland. The current polymer note, first issued in 2017, bears a portrait of scientist Mary Somerville on the front and a pair of otters on the reverse.

History

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The Royal Bank of Scotland began issuing £10 notes in 1727, the same year as the bank's founding. Early banknotes were monochrome, and printed on one side only. The issuing of banknotes by Scottish banks was regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009.[2] Though strictly not legal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout the United Kingdom. Scottish banknotes are fully backed such that holders have the same level of protection as those holding genuine Bank of England notes.[3] The £10 note is currently the third smallest denomination of banknote issued by The Royal Bank of Scotland.[4]

Scottish banknotes are not withdrawn in the same manner as Bank of England notes, and therefore several different versions of the Royal Bank of Scotland ten pound note may be encountered.[5] The Ilay series of banknotes was first issued in 1987.[6] These banknotes featured a portrait of Lord Ilay, first governor of the bank, on the front. Lord Ilay's image is also used as a watermark on the notes. Other design elements include the bank's coat of arms and logo, the facade of Dundas House, the bank's headquarters in Edinburgh, and a pattern representing the ceiling of the headquarters' banking hall. All of the Ilay series notes feature a castle on the back. On the reverse of the £10 note is an image of Glamis Castle.[7]

The current new polymer £10 note was issued in 2017,[8] and the Committee of Scottish Bankers encouraged the public to spend or exchange older, non-polymer ten pound notes before 1 March 2018.[9] The new design was unveiled in April 2016, and features a portrait of scientist Mary Somerville on the front. Alongside the portrait is an image of Burntisland beach, as well as a quote from Somerville's work The Connection of the Physical Sciences. The rear of the note bears an image of two otters alongside an excerpt from Norman MacCaig's poem Moorings.[10]

Designs

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Note First issued Colour Size Design Additional information
Ilay 1987 Brown 142 × 75 mm Front: Lord Ilay; Back: Glamis Castle withdrawn 1st March 2018
Polymer 4 October 2017 [11] Brown 132 × 69 mm Front: Mary Somerville; Back: Two otters

Information taken from The Committee of Scottish Bankers website.[4]

References

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  1. ^ "Royal Bank of Scotland - £10 Polymer". The Committee of Scottish Bankers. Retrieved 9 October 2017.
  2. ^ "Banknote History". The Committee of Scottish Bankers. Retrieved 5 June 2016.
  3. ^ "Scottish and Northern Ireland Banknotes Factsheet" (PDF). Association of Commercial Banknote Issuers. Retrieved 5 June 2016.
  4. ^ a b "Current Banknotes : Royal Bank of Scotland". The Committee of Scottish Bankers. Retrieved 5 June 2016.
  5. ^ "What to do with Scottish Paper £5 & £10 notes". The Committee of Scottish Bankers. Retrieved 9 October 2017.
  6. ^ "Banknotes: 8 things you might not know". The Royal Bank of Scotland. Retrieved 5 June 2016.
  7. ^ "Banknote Design Features : The Royal Bank of Scotland". The Committee of Scottish Bankers. Archived from the original on 2 December 2013. Retrieved 9 June 2016.
  8. ^ "Royal Bank of Scotland to issue polymer bank notes". The Royal Bank of Scotland. Retrieved 9 June 2016.
  9. ^ "Four-week deadline to use Scottish paper money". BBC News. 5 February 2018. Retrieved 5 February 2018.
  10. ^ "New £5 and £10 polymer notes unveiled". The Royal Bank of Scotland. Retrieved 9 June 2016.
  11. ^ "Introducing Polymer £10s". The Committee of Scottish Bankers. Retrieved 19 September 2017.
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