Watch List notes:

Royal Bank of Scotland, £5, 14 May 2004, serial number R&A0003021/22, Lord Ilay First Governor of the Royal Bank of Scotland at right, reverse, portrait of the golf pioneer Old Tom Morris, Royal and Ancient Golf Club of St Andrews, (PMS RB99), uncirculated, prefix R&A, standing for Royal & Ancient (2 notes).

Estimate: £30.00 - £50.00