Scotland, The Royal Bank of Scotland - £5 Dated 2014 Ryder Cup Commemorative

Five Pounds

Dated 2014, PNL

Reverse

Scotland - The Royal Bank of Scotland limited edition £5 Commemorative bank note. This is a new commemorative note of £5 issued celebrating the return of the Ryder Cup (Golf) competition to Scotland. The Ryder Cup is a prestigious biennial men’s golf competition held between teams from Europe and the United States. The competition was first started at Gleneagles Golf Club in Perthshire, Scotland in 1921. This year is the 40^thedition of the Ryder Cup competition and it will also be held at Gleneagles in Scotland between 23-28 September 2014. This tournament also celebrates the return of the competition to "The Home of Golf" for the second time since its inception in 1921. The new note is dated 22.09.2014 but was released on 14.07.2014 to collectors. For the first time in Great Britain, this note is printed on a Hybrid paper material by the German company, Giesecke & Devrient (G&D). The design of the note also includes a see through window in the shape of the Ryder Cup. This note also bears the first signature of the bank's Chief Executive Officer Ross Maxwell McEwan (a Kiwi). CEO McEwan was appointed to the role on 1.10.2013, replacing previous CEO Stephen Hester (resigned December 2013). This commemorative bank note is not meant for general circulation and this note that I have posted was sold in a pack at a premium which also include a special Collector Folio with Certificate of Authenticity and a historical narrative. The note is sealed in a protective lens to preserve it's pristine condition for future generations. However ticket holders to the competition can also exchange the new note at face value. A total of 500,000 notes have been printed, however the quantity issued in packs will depends on the demand. It should be noted that this is the third time that RBS has released a commemorative note related to golf. The first two notes were the 2004 £5 commemorating The Royal Ancient Gold Club of St Andrew and 2005 £5 Jack Nicklaus last appearance at the British Opens. Despite the promotional launched by the bank for this commemorative note, this is not the first Hybrid note issued in Europe. In fact, this is the fourth Hybrid note ever issued in Europe, after Bulgaria (2005), Latvia (2007) and Gibraltar (2011). None of the notes issued will be available for distribution at any of the RBS bank branches in Scotland.

Front Cover

In addition to the above presentation folder note, the bank has also printed 100 pieces of note with special numbers GUD0001 to GUD0100 on the lower left of the note. These notes were presented to specific bodies that the bank has a connection with.