Watch List notes:

Five Pounds Peppiatt White Note B264 Fourth Post-war Period Thin paper Metal thread dated 1st May 1947 serial number M06 096910 London branch VF. Printed at St. Luke's Works, London. An interesting fact about this issue is that all the notes are dated 1947 but were not issued into circulation until 1948 and no notes were printed in 1948.

Estimate: 55-110 GBP