Watch List notes:

Commercial Bank of Scotland Limited, specimen £5, 3 April 18- (1882), blue and white, classical frieze of allegorical figures top centre, value in red engine turned concentric circles at centre, value in blue oval top left and right, Perkins Bacon engraving(Douglas 32), discolouration around margins, about extremely fine.

Estimate: £400.00 - £450.00