Watch List notes:

Treasury Series, John Bradbury, first issue £1, ND (7 August 1914), serial number L/14 24871, 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 T3.2, Banknote Yearbook TR10d, Pick 347), in PMG holder 45 EPQ Choice Extremely Fine, inverted watermark error right centre, a rare type.

Estimate: £600 - £800