Watch List notes:

Bank of England, John Gordon Nairne (1902-1918), £5, Manchester, 8 April 1915, serial number 84/T 09835, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of John Nairne low right, (EPM B208bf, Pick 304f), in PMG holder 35 Choice Very Fine, paper maker's notch, annotations, a scarce Wartime issue, and considerably rarer as a denomination than the £100 Manchester notes. The highest grade recorded on Track and Price at time of cataloguing a 35.

Estimate: £300 - £400