Watch List notes:

BANKNOTES, Great Britain, Bank of England, uniface White £20, 1 July 1935, London, serial no.50M 20825, signed by Kenneth Oswald Peppiatt, Britannia to left with shield, spear and beehive (Dugg B243). Usual "pull mark" at right, a couple of pinholes, damage to back, fine, scarce.

Estimate: £500-700