Watch List notes:

Bank of England, K.O. Peppiatt, £5, Liverpool 3 February 1937, serial number T242, 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 B241e), good very fine, lightly pressed, scarce and a pleasing example.

Estimate: £500 - £550