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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+