Watch List notes:

Bank of Scotland, specimen £5, 14 September 1961, serial number 1/H 0000, orange brown, bank arms top centre flanked by value in black tablets, Scotia in blue circular panel at centre, thistle motif at left, Bilsland and Watson signatures, reverse, shield flanked by arms and ship in ornate circular panels, (PMS BA106as, Banknote Yearbook 119a), red SPECIMEN overprint , uncirculated and scarce.

Estimate: £80 - £120