Watch List notes:

Treasury Series, Norman Fenwick Warren-Fisher (1919-1928), second issue, £1, ND (26 February 1923), serial number L1/42 037904, green, brown, lilac and white, St. George and the Dragon at left, crowned head of George V in oval frame at right, value in central panel, reverse green and white, the Houses of Parliament at centre,, (EPM T31, Pick 359a, Banknote Yearbook TR18b), in PMG holder 65 EPQ Gem Uncirculated, scarce in this top grade and as a point of interest whilst there are numerous examples on 'Track & Price', only one example (a 67) is higher than this note.

Estimate: £200 - £250