Watch List notes:

Commercial Bank of Scotland Limited, £5, 2 January 1913, serial number 13/C 11/69, 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 low right, reverse blue, Scotia at centre,, (PMS CO57b, Banknote Yearbook 412b), first date and prefix of issue for type, a respectable fine, scarce.

Estimate: £280 - £320