Watch List notes:

Bank of England, K.O.Peppiatt, £20, London, 20 July 1936, serial number 52/M 78747, black and white, ornate crowned vignette of Britannia at top left, value in black tablet at low left(EPM B 243), a lovely fresh extremely fine, watermark line at centre of downward stroke of N but undoubtedly genuine, rare in this grade.

Estimate: £800.00 - £1,200.00