Watch List notes:

Narbeth & Prmbrokeshire Bank (David Saer, Benj, Thomas & Co.) £5, 10 August 1824, serial number 988, black and white, vignette of cows at left,, (Outing unlisted denomination), pinholes and internal splits, mounting traces at reverse, good, scarce, Laurence B. Butters Collection.

Estimate: £150 - £200