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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: 1955 September 15
Value: £5.00
No. A79A 085847
Signed: L. K. O'Brien
Obv. A reasonably clean front.
Rev. Whole of left side quite dirty. Ex creases
Grade: EF?/Fine