Watch List notes:

Bank of Scotland, £20, Edinburgh, 5 May 1969, serial number 9/H 2490, orange-brown, arms top centre, value in red-orange lozenge shaped tablet at left and right, arms in vertical panel at left, Scotia in blue circular frame at centre, signatures of Polwarth and Letham(Douglas 121-4, Banknote Yearbook SC144, PMS BA109h), last date and prefix for issue, fresh, two folds as usual, extremely fine and scarce.

Estimate: £250 - £350