Watch List notes:

Newcastle Bank (Sparrow & Nickisson), £1, 1 June 1825, serial number P654, black and white, value at lower left, centre and top right, bankers' initials at top left, manuscript signature at lower right, revenue stamp on reverse in black and red
(Outing 1527a), ragged edges, heavily toned, about good.

Estimate: £80.00 - £120.00