Watch List notes:

Treasury Series, John Bradbury, first issue £1, ND (7 August 1914), serial number B.865111, black and white, head of George V in vertical panel at left; G above, R below, value in black panel at centre, pound symbol at right,, (EPM T1, Banknote Yearbook TR10a, Pick 347), in PMG holder, minor ink, 40 Extremely Fine, watermark at margin at 90 degrees (printed in margin), a scarce type and the second letter for series.

Estimate: £600 - £800