Watch List notes:

Operation Bernhard, B.G.Catterns, Bernhard £20, London, 20 November 1930, serial number 44/M 59640, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, (EPM B230 for type, Pick 330 for type), about uncirculated, and a scarce original example.

Estimate: £160 - £200