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Auction: 20021 - The Mark T. Ray Collection of English Banknotes
Lot: 407

Bank of England, John Gordon Nairne (1902-1918), £20, London, 16 March 1916, serial number 11/M 29755, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of John Nairne low right
(EPM B208d, Pick 306a), in PMG holder, paper maker's notch, 30 Very Fine, less than 10 examples believed extant, very rare, ex Spink 2003.

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Sold for
£2,600

Starting price
£1200