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The method I use to scan this white banknote greatly enhances the watermark.

However, it also accentuates any creases and marks that might have been.

The note appears better than it looks from the scan 

 

Date:  1937 May 31

Branch:  London

Value:  £5.00

No.   B/111  50905

Signed:  K. O. Peppiatt 

Obv. Nice clean note. A very tiny ‘rust’ spot at bottom centre. A few pin holes left of centre.

Rev. A faint trace of centre crease.

Grade: EF or plus

Price:  £325.00

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