what is the current value for the following Scottish Banknote

Hello, folks wondering if anyone might know the current value or FMV for a Union Bank of Scotland 1905-20 20GBP S808s banknote note that is graded MS66 by PMG

Sincerely

Jeffrey Thomson

I've not seen one sell for a while. I've seen a few £1/£5 from the same era sell recently ~£150-£300. Given it's the higher denomination £20 in quite a nice condition, maybe £400+.

Think I recall a specimen £20 with a few mixed £1/£5s sold for about £550 + auction premium last year.

From what @A Collector stated:

Think I recall a specimen £20 with a few mixed £1/£5s sold for about £550 + auction premium last year.

& if his recollection is accurate, & knowing that most specimens of scarce notes are much more common then their issued counterparts,  I'd speculate more around £2000 for a Gem example (at least).

https://www.greatwesternauctions.com/catalogue/lot/4fea722cacd30a5eccfb9ca24e866519/ac869eb6fd0ab6f5ae3773f46ee09093/antiques-collectables-coin-banknote-collection-sil-lot-323/

I found the auction: £500 (+fees) was the final price with a 1905 specimen.

Certainly not aware of any other 1905 £20s within the last year, though I only look occasionally. (Not my specialist area, and too poor to expand into it! 😛).

Couldn't comment on whether the specimen is more common than the regular, but Serial_Number_8 is usually right on such things.

It's certainly a rare note in any condition, but also starts to run afoul of being from fairly obscure, and now extinct, banknote issuer which may limit the maximum value.

Here's what I'm basing my gestimate on.  I rarely see high denominations from the UK (Scotland, England nor Ireland) & a 20 pounder was like a 100 pounds back then.  Few people even saw them.  I have also seen some top collectors, including this one from the PMF  post the odd circulated example that are rarely above VF20. Criculated issued examples are extremely tough or rare. Most large denominations, when you go back that far, are 9 out of 10 times -specimens (like the image Numista used). These banks often recalled their notes (informed people at the time that they would no longer cash them in) so large numbers were returned & destroyed (so I have been told).  I believe that (even rich people didn't want to hold onto a £20)!  So a 1905 large horseblanket Scottish note with that type of grade might go several times higher than my first best guess.  I think an issued VF-EF EPQ £20 note (from 1 of these tough banks) would fetch £2000 but a GEM could be in the tens of thousands if auctioned off at a top venue (& conditions were right).