Watch List notes:

Bank of England, B.G. Catterns, £5, Birmingham 23 June 1932, prefix T114, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay the Bearer on demand the sum of Five Pounds', value in black tablet low left,, (EPM B228a), almost very fine, lightly pressed, pinholes around centre, scarce.

Estimate: £700 - £800