Watch List notes:

Bank of England, K.O. Peppiatt, £5, London, 16 July 1947, serial number M71 057420, 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 B264), about uncirculated, last prefix for the Peppiatt black and white £5, scarce

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