Watch List notes:

North of Scotland Bank Limited, £100, 1 July 1940, serial number EC0280, dark purple on light pink underprint, view of Marischal College at centre with bank title above, coat of arms top left, top right and low right, value at centre and in ornate tablet at right, Harvey Smith signature, reverse, bank arms at centre,, (Douglas 16, Banknote Yearbook SC718, PMS NS46), last prefix, very fine, rare.

Estimate: £1200 - £1500