Watch List notes:

Bank of England, Basil Gage Catterns (1929-1934), £5, London 11 February 1932, serial number 159/J 97574, 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 B228, Pick 328a), in PMG holder 40 Extremely Fine, scarce.

Estimate: £300 - £400