Watch List notes:

(x) Bank of England, Kenneth Oswald Peppiatt (1934-1948), £5, London, 31 August 1935, serial number A/226 03635, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Kenneth Peppiatt low right, (EPM B241, Banknote Yearbook BE91, Pick 335a), in PMG holder 30 Very Fine.

Estimate: £100 - £150