Watch List notes:

Bank of England, K.O. Peppiatt, £5, Birmingham 1 October 1937, prefix T274, 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 B241a), in PMG holder, 35 Choice Very Fine, a pleasing example.

Estimate: £600 - £700