Watch List notes:

Bank of England, B.G. Catterns, £50, London 20 May 1932, prefix 47N, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay the Bearer on demand the sum of Fifty Pounds', value in black tablet low left,, (EPM B231), about uncirculated and a very attractive example, rare in this grade.

Estimate: £1500 - £1600