Watch List notes:

Bank of England, K.O.Peppiatt, £5 (2), London, 14 September 1938, serial number B/277 08033/034, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, (EPM B241), a consecutive pair, original, central crease otherwise extremely fine and scarce as a running pair (2).

Estimate: £350 - £450