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10 pounds 1994 specimen

Europe › Scotland
P-117s1994Bank of ScotlandUNC
10 pounds 1994 specimen from Scotland, P-117s (1994) — image 1
10 pounds 1994 specimen from Scotland, P-117s (1994) — image 2

Market Prices

2 sales
PMG 67$193.52019-01-20(44 bids)
PMG 66$1102016-12-19(16 bids)

About This Note

This is a Bank of Scotland £10 specimen banknote dated 13th April 1994, presented in uncirculated condition with pristine printing and no signs of handling or wear. The note features Sir Walter Scott in formal attire on the obverse and historical maritime imagery on the reverse, including a detailed sailing ship medallion and classical figures. As a specimen note with red diagonal 'SPECIMEN' overprinting, this represents a non-circulating presentation piece, making it a desirable item for collectors of Scottish currency and Bank of Scotland issues.

Rarity

common. While specimen notes command premiums over circulating issues, the 1994 Bank of Scotland £10 is a modern, widely-distributed design from a major issuer. eBay historical pricing data shows PMG-graded examples selling in the $110–$193 range, indicating steady collector demand but no scarcity factors. High print runs and availability in the secondary market confirm this is a common specimen type, valued primarily for its condition grade and collector appeal rather than inherent rarity.

Historical Context

This 1994 specimen note was issued during a period of modernization for Bank of Scotland's banknote designs, reflecting Scotland's cultural heritage through the prominent depiction of Sir Walter Scott, the celebrated Scottish historical novelist and poet. The reverse features a sailing ship and classical allegorical figures, connecting to Scotland's maritime tradition and historical significance during the 18th and 19th centuries. The specimen designation indicates this was produced for distribution to banks, collectors, and government institutions rather than for general circulation, serving as an official representation of the Bank of Scotland's currency design standards.

Design

The obverse features a portrait of Sir Walter Scott positioned on the right side in three-quarter profile, wearing formal dark attire with his characteristic curled hair, rendered in fine detail. The center is dominated by the Bank of Scotland coat of arms flanked by allegorical female figures representing Scotland's historical and cultural significance. Ornamental rosettes and sun motifs with radiating lines frame the composition in warm earth tones—beige, brown, and orange-gold—creating an elegant, heritage-focused design. The reverse displays circular medallions containing historical imagery, most prominently a detailed sailing ship with multiple masts on the left side, while classical allegorical figures (including Pallas, goddess of wisdom) occupy the upper left, with the heraldic saltire cross arms displayed in the center-right. Thistle and botanical elements are incorporated throughout, reinforcing Scottish symbolism. The color palette shifts to pale pink, mauve, and soft green-yellow tones, creating visual distinction between obverse and reverse while maintaining the note's sophisticated appearance.

Inscriptions

{"front":{"THE GOVERNOR & COMPANY OF THE BANK OF SCOTLAND":"The official issuing authority","PROMISE TO PAY HERE TO THE BEARER ON DEMAND":"The legal tender promise, standard on British banknotes","TEN POUNDS STERLING":"The denomination in pounds sterling","SPECIMEN":"Overprinted designation indicating non-circulating status","EDINBURGH 13TH APRIL 1994":"Place and date of issue","GF000000":"Specimen serial number prefix","Governor / Treasurer & Chief General Manager":"Signature lines for authorized officials"},"back":{"£10":"Denomination marking in multiple corners","SPECIMEN":"Overprinted designation on reverse side"}}

Printing Technique

Intaglio engraving (steel line engraving), evidenced by the fine-line detail, complex guilloche patterns, geometric security designs, and the raised tactile quality characteristic of traditional banknote production. The multi-color security printing and subtle color gradations visible in the design indicate advanced offset lithography combined with intaglio engraving for the primary imagery. The watermark and security elements were incorporated during the paper manufacturing phase. This note was likely produced by the Bank of Scotland's contracted security printer, consistent with Scottish banknote production standards of the 1990s.

Varieties

This is identified as Pick P-117s, the specimen variety of the 1994 issue dated 13th April 1994. The specimen overprinting in red diagonal text and the 'GF000000' serial number prefix are consistent with Bank of Scotland specimen production standards. The visual analysis confirms this is the 1994 date variety (distinguishing it from earlier 1992–1993 issues in the same design series). No alternative varieties or signature combinations are noted in the observed details; the specimen format itself represents the primary variety distinction from regular circulation notes.