Watch List notes:

National Bank of Scotland Limited, specimen £1, 1 January 1895, blue on light orange and yellow sunburst underprint, arms top centre, portrait Marquess of Lothian and shipping on the Clyde at left, Edinburgh Castle and Holyrood House at right, arms low centre, value top left and right and at centre, Waterlow & Sons engraving,, reverse blue, Princes Street at centre, value at each corner, together with issued notes dated 15 May 1912, 12 November 1917, 15 May 1919 and 15 May 1923(Douglas 20), first, tape residue at corners, hole punched, red SPECIMEN and WATERLOW & SONS overprint, good very fine, remainder, very good to fine (5).

Estimate: £400.00 - £500.00