diff --git a/src/keystore.cpp b/src/keystore.cpp
index 3bae24b7b..cf49ba83a 100644
--- a/src/keystore.cpp
+++ b/src/keystore.cpp
@@ -6,23 +6,30 @@
 #include "keystore.h"
 
 #include "key.h"
+#include "pubkey.h"
 #include "util.h"
 
 #include <boost/foreach.hpp>
 
-bool CKeyStore::GetPubKey(const CKeyID &address, CPubKey &vchPubKeyOut) const
-{
-    CKey key;
-    if (!GetKey(address, key))
-        return false;
-    vchPubKeyOut = key.GetPubKey();
-    return true;
-}
-
 bool CKeyStore::AddKey(const CKey &key) {
     return AddKeyPubKey(key, key.GetPubKey());
 }
 
+bool CBasicKeyStore::GetPubKey(const CKeyID &address, CPubKey &vchPubKeyOut) const
+{
+    CKey key;
+    if (!GetKey(address, key)) {
+        WatchKeyMap::const_iterator it = mapWatchKeys.find(address);
+        if (it != mapWatchKeys.end()) {
+            vchPubKeyOut = it->second;
+            return true;
+        }
+        return false;
+    }
+    vchPubKeyOut = key.GetPubKey();
+    return true;
+}
+
 bool CBasicKeyStore::AddKeyPubKey(const CKey& key, const CPubKey &pubkey)
 {
     LOCK(cs_KeyStore);
@@ -58,10 +65,29 @@ bool CBasicKeyStore::GetCScript(const CScriptID &hash, CScript& redeemScriptOut)
     return false;
 }
 
+static bool ExtractPubKey(const CScript &dest, CPubKey& pubKeyOut)
+{
+    //TODO: Use Solver to extract this?
+    CScript::const_iterator pc = dest.begin();
+    opcodetype opcode;
+    std::vector<unsigned char> vch;
+    if (!dest.GetOp(pc, opcode, vch) || vch.size() < 33 || vch.size() > 65)
+        return false;
+    pubKeyOut = CPubKey(vch);
+    if (!pubKeyOut.IsFullyValid())
+        return false;
+    if (!dest.GetOp(pc, opcode, vch) || opcode != OP_CHECKSIG || dest.GetOp(pc, opcode, vch))
+        return false;
+    return true;
+}
+
 bool CBasicKeyStore::AddWatchOnly(const CScript &dest)
 {
     LOCK(cs_KeyStore);
     setWatchOnly.insert(dest);
+    CPubKey pubKey;
+    if (ExtractPubKey(dest, pubKey))
+        mapWatchKeys[pubKey.GetID()] = pubKey;
     return true;
 }
 
@@ -69,6 +95,9 @@ bool CBasicKeyStore::RemoveWatchOnly(const CScript &dest)
 {
     LOCK(cs_KeyStore);
     setWatchOnly.erase(dest);
+    CPubKey pubKey;
+    if (ExtractPubKey(dest, pubKey))
+        mapWatchKeys.erase(pubKey.GetID());
     return true;
 }
 
diff --git a/src/keystore.h b/src/keystore.h
index 4a4b6d20a..b917bf20b 100644
--- a/src/keystore.h
+++ b/src/keystore.h
@@ -32,7 +32,7 @@ public:
     virtual bool HaveKey(const CKeyID &address) const =0;
     virtual bool GetKey(const CKeyID &address, CKey& keyOut) const =0;
     virtual void GetKeys(std::set<CKeyID> &setAddress) const =0;
-    virtual bool GetPubKey(const CKeyID &address, CPubKey& vchPubKeyOut) const;
+    virtual bool GetPubKey(const CKeyID &address, CPubKey& vchPubKeyOut) const =0;
 
     //! Support for BIP 0013 : see https://github.com/bitcoin/bips/blob/master/bip-0013.mediawiki
     virtual bool AddCScript(const CScript& redeemScript) =0;
@@ -47,6 +47,7 @@ public:
 };
 
 typedef std::map<CKeyID, CKey> KeyMap;
+typedef std::map<CKeyID, CPubKey> WatchKeyMap;
 typedef std::map<CScriptID, CScript > ScriptMap;
 typedef std::set<CScript> WatchOnlySet;
 
@@ -55,11 +56,13 @@ class CBasicKeyStore : public CKeyStore
 {
 protected:
     KeyMap mapKeys;
+    WatchKeyMap mapWatchKeys;
     ScriptMap mapScripts;
     WatchOnlySet setWatchOnly;
 
 public:
     bool AddKeyPubKey(const CKey& key, const CPubKey &pubkey);
+    bool GetPubKey(const CKeyID &address, CPubKey& vchPubKeyOut) const;
     bool HaveKey(const CKeyID &address) const
     {
         bool result;
diff --git a/src/qt/sendcoinsdialog.cpp b/src/qt/sendcoinsdialog.cpp
index e13cd714a..34da38285 100644
--- a/src/qt/sendcoinsdialog.cpp
+++ b/src/qt/sendcoinsdialog.cpp
@@ -752,10 +752,9 @@ void SendCoinsDialog::coinControlChangeEdited(const QString& text)
         }
         else // Valid address
         {
-            CPubKey pubkey;
             CKeyID keyid;
             addr.GetKeyID(keyid);
-            if (!model->getPubKey(keyid, pubkey)) // Unknown change address
+            if (!model->havePrivKey(keyid)) // Unknown change address
             {
                 ui->labelCoinControlChangeLabel->setText(tr("Warning: Unknown change address"));
             }
diff --git a/src/qt/walletmodel.cpp b/src/qt/walletmodel.cpp
index 168a0255f..4e3d97fc4 100644
--- a/src/qt/walletmodel.cpp
+++ b/src/qt/walletmodel.cpp
@@ -554,6 +554,11 @@ bool WalletModel::getPubKey(const CKeyID &address, CPubKey& vchPubKeyOut) const
     return wallet->GetPubKey(address, vchPubKeyOut);
 }
 
+bool WalletModel::havePrivKey(const CKeyID &address) const
+{
+    return wallet->HaveKey(address);
+}
+
 // returns a list of COutputs from COutPoints
 void WalletModel::getOutputs(const std::vector<COutPoint>& vOutpoints, std::vector<COutput>& vOutputs)
 {
diff --git a/src/qt/walletmodel.h b/src/qt/walletmodel.h
index 40bc62354..1c1684b27 100644
--- a/src/qt/walletmodel.h
+++ b/src/qt/walletmodel.h
@@ -186,6 +186,7 @@ public:
     UnlockContext requestUnlock();
 
     bool getPubKey(const CKeyID &address, CPubKey& vchPubKeyOut) const;
+    bool havePrivKey(const CKeyID &address) const;
     void getOutputs(const std::vector<COutPoint>& vOutpoints, std::vector<COutput>& vOutputs);
     bool isSpent(const COutPoint& outpoint) const;
     void listCoins(std::map<QString, std::vector<COutput> >& mapCoins) const;
diff --git a/src/wallet/crypter.cpp b/src/wallet/crypter.cpp
index c7f7e2167..a3e28f6ac 100644
--- a/src/wallet/crypter.cpp
+++ b/src/wallet/crypter.cpp
@@ -255,7 +255,7 @@ bool CCryptoKeyStore::GetPubKey(const CKeyID &address, CPubKey& vchPubKeyOut) co
     {
         LOCK(cs_KeyStore);
         if (!IsCrypted())
-            return CKeyStore::GetPubKey(address, vchPubKeyOut);
+            return CBasicKeyStore::GetPubKey(address, vchPubKeyOut);
 
         CryptedKeyMap::const_iterator mi = mapCryptedKeys.find(address);
         if (mi != mapCryptedKeys.end())
@@ -263,6 +263,8 @@ bool CCryptoKeyStore::GetPubKey(const CKeyID &address, CPubKey& vchPubKeyOut) co
             vchPubKeyOut = (*mi).second.first;
             return true;
         }
+        // Check for watch-only pubkeys
+        return CBasicKeyStore::GetPubKey(address, vchPubKeyOut);
     }
     return false;
 }