Watch List notes:

Bank of England, Peppiatt, Operation Bernhard, £50, London, 15-4-1935, #53N 45999 (Dugg. B244type; WPM 338a). Important, German produced, NOT a Bank of England issue. Edge nicks and tears to 1cm, a few pinholes and small holes, pressing, crisp GVF.
(100-120 GBP)