Watch List notes:

Bank of England, Kenneth Oswald Peppiatt (1934-1949), Guernsey Overprints, £1, ND (1941), red serial number C61D 162501, green and pale blue, ornate crowned vignette of Britannia at left, value at right, overprinted text at centre 'Withdrawn from Circulation September 18th, 1941.', reverse green, St. George and the Dragon at left and right, overprinted text repeated as on obverse,, (EPM B249A, Pick 367b), in PMG holder 40 EPQ Extremely Fine and the scarcer blue £1 variety, most unusually in EPQ thus rare.

Estimate: £600 - £800