Watch List notes:

Great Britain: 5 Pounds 1935 - a special forgery that was not yet known - the forgery is not a typical Operation Bernhard because it is completely missing the watermark and the paper is slightly different. As there are no other types of forgeries are known to the cataloger yet, one can think that this type of forgeries were some trial printings of forgeries or from a completely different source of forgeries from the White Pounds of that time. Anyway a nice banknote-historical find. Condition: VF+.