Watch List notes:

The Union Bank of Scotland Limited, colour trial £1, 2 June 1924, no serial number, black on light pink and green sunburst underprint, allegorical maidens top centre, equestrian statues low left and right, Hird signature, reverse, green and pink, value and bank title in ornate guilloche pattern, hole punched, red SPECIMEN WATERLOW & SONS LTD overprint,, (Pick S815act, PMS UB63a, Banknote Yearbook 903a for type), in PMG holder 64 choice uncirculated, rare.

Estimate: £300 - £400