Scotland. - £1 Commemorative - 1992 - "European Summit" - Pick 356a Gem Uncirculated 66 EPQ (No reserve price) Scotland - £1 1992 - Royal Bank of Scotland - PMG 66 EPQ A superb, high-grade example of the Royal Bank of Scotland's first-ever commemorative banknote. Issued to mark the historic European Council Summit held in Edinburgh in December 1992, this note is a cornerstone of modern Scottish numismatics. It is independently certified by PMG as Gem Uncirculated 66 EPQ, indicating it is a top-tier specimen with exceptional original paper quality. Historical Significance: The Inaugural Commemorative Released on December 8, 1992, this note holds the distinction of being the first special commemorative banknote issued in both Britain and Europe. It was specifically designed to honor the meeting of the 12 nations of the then European Economic Community (EEC). The design includes unique features such as a blue-violet overprint of the European Union flag and an engraving of the Palace of Holyroodhouse, the official residence of the British monarch in Edinburgh and the site of the summit meetings. Item Details Country: Scotland Denomination: £1 Sterling Issue Year: 1992 Pick Number: P-356a Serial Number: EC 1653717 (Special "EC" prefix for European Community) Signatures: George Mathewson (Chief Executive) Printer: De La Rue (TDLR), London Grading & Certification Grading Service: Paper Money Guaranty (PMG) Certification Number: 2446631-036 Grade: Gem Uncirculated 66 EPQ EPQ Designation: Guaranteed Exceptional Paper Quality, confirming the note is in its original, unaltered state with full embossed detail and natural paper crispness. Design Features Obverse: Portrait of Lord Ilay (Archibald Campbell), the first governor of the Royal Bank of Scotland. To the left is the commemorative overprint featuring the EU flag and the inscription "EUROPEAN SUMMIT EDINBURGH DECEMBER 1992". Reverse: A detailed engraving of Edinburgh Castle, a symbol of Scotland's historic capital and the summit's host city. Watermark: Lord Ilay. ALL ITEMS are sent, well packed, by registered mail or courier with full tracking.