Watch List notes:

Treasury Series, John Bradbury, first issue £1, ND (7 August 1914), serial number J/15 92612, dash, 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 T4.2, Banknote Yearbook TR11b, Pick 347), in PMG holder 40 Extremely Fine, only two recorded of this type at time of cataloguing, very rare, ex Spink 2005.

Estimate: £600 - £800