Watch List notes:

Bank of England, K.O. Peppiatt, specimen £5, London, 24 January 1947, serial number L00 000000, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay to bearer on demand the sum of five pounds' in text at centre, value in black tablet low left, printed serial number, date and signature,, (EPM B264s, Pick 343s), red SPECIMEN overprints, pinholes at top left, very fine, rare.

Estimate: £900 - £1100