Watch List notes:

Scotland Bank of Scotland Third Waterson issue 5 Pounds Pick 103a (PMS BA106a, BY SC118) Reduced size issue Hollow denomination symbols dated 15th September 1961 serial number 8/B 6598 signatures Lord Bilsland for Governor and William Watson for Treasurer. The note in brown and light brown and slate blue underprint with the obverse featuring the Bank's Coat of Arms at upper centre flanked by value in wording in black panels and with medallion below and the Royal Arms of Scotland with thistle motif in left panel with Great Britain Royal Coat of Arms below. The reverse in dark brown displaying the Bank's shield at centre with helmet and cornucopia above and flanked by 2 circular panels - Bank's Coat of Arms in the left and a sailing ship emblem at right, along with denomination in wording in panels at each corner. Imprint G. Waterston & Sons, Ld. in small script at lower right on obverse. Original fresh and crisp about UNC - UNC and very eye-catching and desirable note

Estimate: 40-80 GBP