Watch List notes:

Bank of England, Kenneth Oswald Peppiatt (1934-1949), £5, London 15 June 1942, serial number C/273 00064, 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 B241, Pick 335a), in PMG holder 53 About Uncirculated; Wartime issues are underrated, quite scarce and a lovely example.

Estimate: £400 - £600