Watch List notes:

National Bank of Scotland, proof £20, 11 November 1889, black and white, Royal arms top centre with bank title above, portrait Marquess of Lothian at left, value top left and right and in black panel at centre, illustrations of River Clyde low left, Edinburgh Castle at right and Palace of Holyrood house low right(Douglas 18), extremely fine, rare.

Estimate: £300.00 - £400.00