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Medal - Trustee Savings Bank Week silver

Features

Location United Kingdom
Queen Elizabeth II (1952-2022)
Type Commemorative medals › Company, institution and association medals
Year 1960
Composition Silver
Diameter 33.1 mm
Shape Round
Technique Milled
Orientation Medal alignment ↑↑
Number
N#
554664
References BHM# 4480
Laurence Brown. British Historical Medals. B.A. Seaby, London, United Kingdom (3 volumes).
, Carlisle# 1960/11
Leslie J. Carlisle, Bob Climpson; 2008. Australian Historical Medals 1788-1988. Self-published, Sydney, New South Wales, Australia.

Commemorative issue

TSB Week

Obverse

Head facing left.

Script: Latin

Lettering:
DR HENRY DUNCAN
. THE FATHER OF SAVINGS BANKS .
C I

Engraver: Christopher Ironside

Reverse

Castle in Elipse lettering below.

Script: Latin

Lettering:
TRUSTEE SAVINGS
BANK WEEK
1960

Edge

Plain

Mint

Royal Mint (Tower Hill), London, United Kingdom (1810-1975)

Comments

Found also in New Zealand and Australia. Listed in Carlisle.

 

Henry Duncan FRSE (8 October 1774 – 12 February 1846) was a Scottish minister, geologist and social reformer. The minister of Ruthwell parish church in Dumfriesshire, he founded the world's first commercial savings bank. He was also an author, publisher and philanthropist.

The first savings bank was instituted at Ruthwell in 1810, and Duncan was unceasing in his efforts to promote the cause throughout the country. His influence was used to procure the first act of parliament passed to encourage such institutions. By speeches, lectures, and pamphlets he made the cause known far and wide. The scheme readily commended itself to all intelligent friends of the people, and the growing progress and popularity of the movement have received no check to the present day. Great though his exertions were, and large his outlay in this cause, he never received any reward or acknowledgement beyond the esteem of those who appreciated his work and the spirit in which it was done.

In 1810 Duncan opened the world's first commercial savings bank, paying interest on its investors' modest savings. The bicentenary of this event was celebrated with a conference held by the Centre for Theology and Public Issues at the University of Edinburgh. Speakers investigated Duncan's legacy in light of current social, financial, and religious dynamics. The Savings Bank Museum tells the story of early home savings in Britain.
Wikipedia

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Date VG F VF XF AU UNC
1960 

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