Watch List notes:

Bank of England, K.O. Peppiatt, £5 (5), London, February, March, April and June 1947, prefixes M34, L34, L50, L68, L95, black & white, ornate crowned vignette of Britania top left, value in black tablet low left, (EPM B264), three holes at lower centre and one above on one note, otherwise fine, minor staining and annotations on others, good fine to very fine (5).

Estimate: £200 - £300