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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:  1949 March 25

Value:  £5.00

No.  M93 063585

Signed: P. S. Beale

Obv. Choice - clean  Trace of a crease bottom left corner

Rev. Very slight trace of a centre crease. 

Grade: EF+

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