Watch List notes:

Great Britain: Bank of England pair with 5 Pounds 1938 signature K. O. Peppiatt P.335 with a tiny tear and small part of thinning paper at right border otherwise unfolded and perfect (XF) and 50 Pounds 1938 signature B. G. Catterns P.331 with soft vertical bend at center and a few tiny spots at left border (VF+). Nice set. (2 pcs.)
[taxed under margin system]