Watch List notes:

Commercial Bank of Scotland Limited, £5, Edinburgh, 5 January 1943, serial number 15/Z 13576, blue on orange and yellow underprint, portrait of John Pitcairn to lower centre with thistles and values to left and right, ornamental border surround,, (PMS CO 62d, Banknote Yearbook SC413d), lightly pressed, very fine.

Estimate: £80 - £100