Watch List notes:

Scotland The Union Bank of Scotland One Pounds Specimens, punch holed cancelled Pick S816s (3) these issues are larger than the regular issue S816 and have a wider border 17th October 1949 B/24 577000 and 8th December 1952 (2) E/14 327000 and F/21 501000 average EF and with stamps and annotations

Estimate: 100-200 GBP