Watch List notes:

Bank of Scotland, £5, 10 June 1926, serial number 3/K 2936, orange-brown, Scotia in grey circle at centre, arms top centre and in vertical panel at left, Rose signature, (Pick 90e, PMS BA101A), in PMG holder 35 Choice Very fine, one of three examples graded on PMG Census, scarce.

Estimate: £250 - £300