Watch List notes:

Bank of England, Kenneth Oswald Peppiatt (1934-1949), £20, London 20 August 1934, serial number 48/M 32781, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay to Bearer on demand the sum of Twenty Pounds' in text at centre, value in black tablet low left, printed serial number, date and signature,, (EPM B243, Pick 337a), in PMG holder 35 Choice Very Fine, quite rare.

Estimate: £1000 - £1200