Watch List notes:

Commercial Bank of Scotland Limited, £5, 6 August 1935, serial number 14/N 21673, blue and pale red and yellow, John Pitcairn low centre, classical frieze top centre, printed signatures of Thomson and Erskine, reverse blue, bank head office at centre, value at left and right, (PMS CO62d, Banknote Yearbook 413d), annotation on reverse, fine, scarce.

Estimate: £70 - £90