Watch List notes:

Caledonian Banking Company, £5, 1 October 1859, serial number 18/19, black and white, illustration of Inverness Castle top centre, shepherd and shepherdess at low left and right, two manuscript signatures below, red CBC in ornate script at centre, reverse, blue(Douglas 2), CANCELLED overprint on reverse, Lizars engraving, untidy edges, a number of pinholes and a few small splits, otherwise, good.

Estimate: £500.00 - £700.00