Forgedbank notes could make a mint

A PAIR of early 19th Century Dundee one pound notes, both thought to be forgeries, are expected to fetch around £300 at an auction.

The black and white notes are dated May 9 1823 and feature the printed word ‘Dundee’ and intertwined on the thistle engraving on the left hand side of the notes are the words ‘Dundee Union Bank’.

But according to London auctioneers Spink: “The engraving on genuine notes is similarly crude, but these notes are probably contemporary forgeries.”

Yet, despite or because of this, the two notes are expected to sell for between £280 and £320 at Spink in Bloomsbury, London, on April 17.

The short-lived Dundee Union Bank was founded in 1809 and eight branches were opened in the Dundee area.

The bank was absorbed by the Western Bank of Scotland on March 31 1844.

A black and white Arbroath one pound note, produced by the Arbroath Banking Company and dated December 22 1852 but never issued, is expected to sell for £450 to £550 at the auction.

The Arbroath and forged Dundee bank notes which will be auctioned.