Watch List notes:

North of Scotland Bank Limited, £1 (2), 1 March 1932, serial number G 0564/0486, 0901/0466, blue and yellow, the Marischal College and arms in top border, arms at left, two signatures below, Stuart low right
(PMS NS38a, Banknote Yearbook 711A), small format, fresh, extremely fine and scarce (2)

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