Watch List notes:

Bank of England, John Gordon Nairne (1902-1918), £5, London 8 July 1908, serial number B/33 82786, 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 B208b, Pick 304a), in PMG holder 35 Choice Very Fine. All Nairne notes are scarce but the early dates are rare.

Estimate: £1000 - £1500