Watch List notes:

Union Bank of Scotland Limited, £1 (2), 4 April 1918, serial number F 277/803, 1 October 1921, serial number A 859700, first, blue and white, second, blue on light red and yellow sunburst underprint, both bank arms top centre flanked by allegorical figures, equestrian statues low left and right, value top left and right and in red at centre, reverse, blue panel with value at centre
(Douglas 31-5, 36-1, Banknote Yearbook SC901d, 902), first, foxing, about fine, second, small central hole, very good, a good opportunity to acquire two different designs (2).

Estimate: £250.00 - £350.00