Watch List notes:

Bank of England, K.O. Peppiatt, £20, Liverpool 30 June 1934, serial number 54/W 27711, 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 B243e), lightly pressed, a good very fine, rare.

Estimate: £1800 - £2000