Watch List notes:

Treasury Essay, John Bradbury, £1, ND (August 1914), serial number A/36 No. 019037, black on white underprint with King George V centre left border, serial number lower left centre and signature lower right, watermark royal cypher(EPM T3-3) about very fine with several vertical creases and minor discolouration to both sides, but still nice first issue.

Estimate: £250 - £350