Watch List notes:

Bank of England, K.O. Peppiatt, £1 (20), ND (1934, 1948), serial numbers 99U (1), L--A (7), R--A (12), green, Britannia at top left, value at top right and low left, unthreaded pre-war issue and post-war continuation, (EPM B238, B239, B258), fine to about extremely fine (20).

Estimate: £100 - £150