Watch List notes:

Bank of England, Frank May (1873-1893), £5, London 7 February 1877, serial number F/86 56540, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay to Bearer on demand the sum of Five Pounds' in text at centre, value in black tablet low left, printed serial number, date and signature,, (EPM B206a, Pick 286), in PMG holder 25 Very Fine. All May notes are rare.

Estimate: £5000 - £6000