£630
A Private Collection of Seals: Highlights from The Matrix Collection | 749
Auction: 19 May 2023 at 11:00 BST
the baluster wooden handle, with a brass collar neck, the engraved brass circular terminal with a possible depiction of Edinburgh's Royal Mile area, in a border, engraved with COMMERCIAL BANKING COMPANY OF SCOTLAND, a pin to the neck allows the border of the collar to be removed
Note:
The wording of 'Commercial Banking Company' dates this seal between 1810 and 1832 when the bank changed its name to Commercial Bank of Scotland.
Furthermore, the image on the seal possibly relates to the relocated head offices in 1814 at the top of the High Street, from Picardy Place in Leith
The Commercial Bank of Scotland Ltd was founded in 1810 and obtained a royal charter in 1831. The bank grew substantially during the nineteenth and twentieth centuries until 1950 when it merged with the National Bank of Scotland to become the National Commercial Bank of Scotland. The commercial bank was formed as a result of public dissatisfaction with the three charter banks, the Bank of Scotland, the British Linen Bank, and the Royal Bank of Scotland. By 1940, the Commercial Bank of Scotland had the largest network in Scotland, amassing a system of 385 branches. The post-war period was one of radical change for Scottish banks with mergers and fresh links with English banks. In 1958, the Commercial Bank of Scotland merged with the National Bank of Scotland and later became subsumed by the Royal Bank of Scotland.