Watch List notes:

USA (Washington, D.C.), American Exchange National Bank of Dallas, Texas, $5, Vernon-Treat, 12-1-1907, charter 3623, series of 1902, serial 356933, plain back. FR-600; KL-1158. Features the engraved signatures of cashier E.H. McLaughlin and president Nathan Adams. Fine/VF, miscut with no top margin and sliver of the next note on the sheet visible at the bottom margin, no problems to note besides typical circulation wear for the grade.

Estimate: $125-200