Watch List notes:

Bank of England, Kenneth Oswald Peppiatt (1934-1949), specimen £5, London 20 April 1934, serial number 000/Q 00000, 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 B241s, Pick 335as), red 'SPECIMEN' overprint; in PMG holder 40 Extremely Fine and a very rare black & white specimen note.

Estimate: £1500 - £2000