Watch List notes:

Bank of England, C.P. Mahon, £5, Newcastle 1 April 1927, prefix 348U, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay the Bearer on demand the sum of Five Pounds', value in black tablet low left,, (EPM B215g), in PMG holder, 30 Very Fine, as-made paper maker's notch, handstamped at reverse, a rare branch of issue.

Estimate: £1,200 - £1,600