Watch List notes:

Operation Bernhard, K.O.Peppiatt, 'Bank of England' £50 (4), London, 20 June 1930, 15 June 1933, 20 July 1934, 15 April 1935 and 18 April 1938, serial numbers 44/N 33612, 50/N 38366, 52/N 18738, 53/N 47446, 62/N 71577, black and white, ornate crowned vignette of Britannia top left, value in black tablet low leftvery fine to extremely fine and a range of dates, 1930 and 1933 should be Catterns (5).

Estimate: £200 - £300