Watch List notes:

Bank of England, Basil Gage Catterns, £50, London, 15 July 1931, serial number 45/N 45711, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, (EPM B231, Pick 331a), in PMG holder 40 Extremely Fine, a lovely and fresh example, rare in this grade.

Estimate: $2000 - $3000