Watch List notes:

Bank of England, K.O. Peppiatt, £100, Birmingham 14 October 1937, prefix Y05, black and white, ornate crowned vignette of Britannia top left, 'I promise to pay the Bearer on demand the sum of One Hundred Pounds', value in black tablet low left,, (EPM B245a), in PMG holder 40 Extremely Fine, one of only six recorded and an exceptional high-denomination Birmingham branch note, extremely rare.

Estimate: £4,000 - £5,000