With commemorative coin issues getting out of control, I've long thought that it was only a matter of time before governments got into the business of commemorative banknotes. China and a few others have already done this in a small way. This article discusses Scotland's new commemorative note.
-Editor
THE NEW special design for the Ryder Cup 2014 edition £5 bank-note has been unveiled. The prestigious golf competition between teams from Europe and the United States will take place at Gleneagles in Perthshire in September and the Royal Bank of Scotland have decided to commemorate it with the new special edition bank note.
The note will be sold online as part of an official 2014 Ryder Cup commemorative package which will cost £20. To mark the occasion the Royal Mint will also be producing a special commemorative set of coins.
Though the notes will be considered legal tender, they will not officially be added to the general circulation.
The special £5 note is unique in that it will be printed on hybrid paper — a first in Europe — and will feature a transparent window in the shape of the famous Ryder Cup.
The Ryder Cup, which is held by Europe after their momentous 14½–13½ win two years ago in Medinah, Illinois, has become one of the world’s most famous sporting events and attracts a global audience.
Richard Hills, Europe’s Ryder Cup director, said: “Bank notes are part of a stable of collectible items that people love to buy, or give as a gift, to commemorate major events.
The banknote will also be the first to contain the signature of new RBS chief executive Ross McEwan.
Ken Barclay, RBS Chairman in Scotland, said: “RBS has a long history of issuing commemorative bank notes and supporting golf in Scotland and it means a lot to be able to mark The Ryder Cup’s arrival here for the first time in over 40 years.”
The commemorative bank note, which can be used as normal currency anywhere in the UK, will be available to ticket-holders at the event.
To read the complete article, see:
New Ryder Cup 2014 bank note design unveiled
(www.scotsman.com/sport/golf/new-ryder-cup-2014-bank-note-design-unveiled-1-3445356)
Wayne Homren, Editor
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