Watch List notes:

Bank of Scotland, £20 (2), 1956, serial number 9/A 1533, 1/B 1509, brown on pale orange underprint, arms top centre flanked by value in red tablets, bank title and grey medallion at centre, ornate vertical panel at left,, (PMS BA109e), both with pinholes and usual two vertical folds, first note pressed, very fine, second very fine (2).

Estimate: £150 - £200