Page last updated at 09:57 GMT, Wednesday, 23 September 2009 10:57 UK

Scottish 1 goes for record price

The Scottish 1 note which was sold
The price achieved for the 1 note beat the previous record by 2,000

A Scottish banknote from 1836 has sold for a world record price at auction.

The £1 note sold for £9,000 ($US14,800) at the charity auction held by the Clydesdale Bank, beating the old record of £7,000 ($US11,500) set in 2001.

The note was issued by the North of Scotland Bank, which became part of Clydesdale Bank in 1951.

The auction, which included collectable notes from a series of new World Heritage designs as well as historic notes, raised £112,830 ($US185,000).

The money raised will help more than 70 charities across the country.

Lynne Peacock, chief executive of Clydesdale Bank, said: "Setting a world record for a single £1 note and raising £112,830 for charities in just a couple of hours is a fantastic result.

Clydesdale Bank's new 100 note
The new notes will be in circulation in October

"The rarity of issuing new banknote designs and the unique collection of historic notes being auctioned clearly captivated global interest and showed just how collectable these notes are.

"These are difficult times for charities, so we are delighted that the funds raised by the auction will help over 70 charities to continue their excellent work."

The bank's new World Heritage notes, which will enter circulation from October, feature famous Scots and the nation's Unesco sites.

Robert Burns, Charles Rennie Mackintosh and Sir Alexander Fleming feature on one side and St Kilda, New Lanark and Edinburgh's Old and New Towns are on the other.

Those taking part in the auction were also bidding for the serial number 000001 from the new banknote family - which raised £6,000 ($US9,850)- and a sheet of £100 ($US164) specimen notes, which raised £3,400 ($US5,580).

The Clydesdale Bank will host a second auction of historic banknotes in London later this month, which it hopes will raise an additional five-figure sum for its charity partner, Help the Hospices.



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SEE ALSO
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06 Mar 09 |  Scotland
'Legal' bid over Scots banknotes
21 Jan 09 |  Scotland
Banknote designs mark Homecoming
14 Jan 09 |  Scotland
Scottish banknotes' future secure
10 Jun 08 |  Scotland
Salmond voices bank notes fears
04 Feb 08 |  Scotland

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