Watch List notes:

Treasury Series, John Bradbury (1914-1919), a proof second issue £1, ND (23 October 1914), no serial numbers, black and white, crowned head of George V top left, crowned arms top right, value in black panel at centre, value low left,, (EPM T11 for type, Pick 349 for type, Banknote Yearbook TR14a for type), pencil annotation to reverse upper-left corner: 'No.413', in PMG holder 64 Choice Uncirculated and very rare. Although listed by PMG as a Remainder (in itself very rare) this is more likely to be a proof; extremely rare and unusual.

Estimate: £1200 - £1600