Watch List notes:

States of Guernsey, £1 (7), ND (1996), prefixes T, U (4) and three consecutive Z replacement issues, green, £5 (4), prefixes C (2) and Z (2) replacement issues, brown, £10 (4), prefixes D (2) and Z (2) replacement issues, blue, £20 (2), serial number C 222221 and Z 007151, red, all Clark signaturesBanknote Yearbook GU36c, 45b, 45c, 54a, 63b), two £5 fine, balance uncirculated (17).

Estimate: £200 - £250