Watch List notes:

Bank of England, F. May, £5, London, 7 July 1885, serial number 81/T 78903, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, (EPM B206a, Pick 286a), in PMG holder 25 Very Fine, annotation, rare, ex Karouni.

Estimate: $6000 - $9000