Watch List notes:

Scotland: Nice lot with 6 banknotes of regional Scottish Banks, consisting NATIONAL COMMERCIAL BANK OF SCOTLAND LIMITED 5 Pounds 1966 (P.272, XF/XF+), COMMERCIAL BANK OF SCOTLAND LIMITED 1 Pound 1927 (P.S331a, F+/VF), THE COMMERCIAL BANK OF SCOTLAND LTD. 1 Pound 1949 (P.S332, F/F+) and 5 Pounds 1947 (P.S333, F) and THE UNION BANK OF SCOTLAND LIMITED 1 Pound 1945 (P.S815c, F/F+) and 1 Pound 1949 (P.S816a, F/F- with minor margin split). Very nice group of banknotes! (6 pcs.)
[taxed under margin system]