Watch List notes:

Treasury Series, John Bradbury, first issue £1, ND (7 August 1914), serial number A 165650, 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 T2, Banknote Yearbook TR10b, Pick 347), watermark at margin at 90 degrees (printed in margin), in PMG holder 35 Choice Very Fine, a rare type, only three other examples believed extant.

Estimate: £1,000 - £1,200