Watch List notes:

Bank of England, Basil Gage Catterns (1929-1934), £50, London 20 June 1932, serial number 48/N 59540, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay to Bearer on demand the sum of Fifty Pounds' in text at centre, value in black tablet low left, printed serial number, date and signature,, (EPM B231, Pick 331a), in PMG holder 40 Extremely Fine, Paper Maker's Notch, Rust, Annotation; a rare denomination, especially in this grade.

Estimate: £1,400.00 - £1,800.00