Watch List notes:

Bank of Scotland, £20, 2 October 1963, serial number 8/G 4725, brown on pale orange underprint, arms top centre flanked by value in black tablets, bank title and grey medallion at centre, ornate vertical arms in panel at left, Bilsland and Watson signatures, (Banknote Yearbook SC143b, PMS BA109g), good very fine.

Estimate: £120 - £150