Watch List notes:

The Commercial Bank of Scotland Limited, £5, 2 January 1920, serial number 13/I 99/51, blue on mauve and yellow underprint, frieze at low centre, bank buildings at left and right and top centre, value at centre and each corner, reverse mauve, bank emblem at centre, manuscript signature at right, (PMS CO57b, Banknote Yearbook SC412b), some small stains at low right, otherwise a clean and presentable good fine.

Estimate: £200 - £250