Watch List notes:

Scotland: The Commercial Bank of Scotland Limited 1 Pound 1904 SPECIMEN, P.S315s without serial number and Cashiers signature, with perforation "Specimen" at lower right, small border piece at left with printers annotations at upper left, obviously taken from a presentation book with small remnants of glue on back, very soft vertical at left outside the frame of the note, otherwise perfect, Condition: XF+/aUNC. Rare!
[taxed under margin system]