Watch List notes:

Stockton on Tees Bank 5 Pounds For Jonathan Backhouse & Company, cut-cancelled (Outing 2050c; Grant 2766) dated 1st September 1887 (2) No. A/C 1588 & A/C 1380, both VG multiple pinholes, bank stamps and inked numerals

Estimate: 30-60 GBP