Watch List notes:

Bank of England, B.G. Catterns, 'Operation Bernhard', £20, London 15 August 1933, prefix 47M, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay the Bearer on demand the sum of Twenty Pounds', value in black tablet low left,, (EPM B230*), lightly pressed, about extremely fine.

Estimate: £80 - £100