Watch List notes:

British Linen Company, part isued £5, 1 August 1780, serial number 73/52276, black and white, vertical panel of thistles and roses at left, circular vignette of Pallas top left
(Douglas 11, PMS BL25a), various hand notations and signatures on reverse dated 17 and 20 December 1802, extremely fine, very rare in this exceptional grade

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