Watch List notes:

Bank of England, A. Bailey/M Lowther, £50 (2), serial number M01 040539, M01 373939, red and multicolour, portrait Queen Elizabeth II at right, Britannia centre left, reverse, John Houblon at right, house at left,, (EPM B404, B385), replacements and the M01 scarce, about uncirculated (2).

Estimate: £220 - £280