Watch List notes:

Treasury Series, John Bradbury, first issue £1 (2), ND (7 August 1914), serial number M/5 019895 and N/5 020548, 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 3.3, Banknote Yearbook TR10e, Pick 347), in PMG holders, 30 Very Fine and 40 Extremely Fine respectively (2).

Estimate: £450 - £550