Watch List notes:

Commercial Bank of Scotland Limited, £5, 2 January 1919, serial number 13/H 123/105, blue and pale orange, bank offices top centre and at left and right, classical frieze low centre, value in pale orange underprint at centre, Scotia low centre, printed signatures of Mackay low left, manuscript signature of Riddell low right, reverse blue, Scotia at centre(PMS CO57b, Banknote Yearbook 412b), ex Pringle Collection. A pleasing and original very fine to good very fine, scarce in this grade.

Estimate: £350 - £450