Pick: #337 , The Banknote Book: B163 , Other: B243
England. Bank of England. Pound System. 1934-1934 "Britannia - Signature Peppiatt" Issue. 20 pounds type 1934. Date and location: Varieties. Dimensions: 211 x 133 mm. Watermark: Varieties. Material: Paper (deckle). No security thread. Printer: Bank of England Works. Front black and white. No back: Uniface note. Description of the front: Ornate crowned vignette of Britannia top left. Series and numbering printed in black. 'I promise to pay to Bearer on demand the sum of Twenty Pounds' in text at centre. Texts in English. Signature: Kenneth O. Peppiatt as Chief Cashier. Notes from Bristol, Hull, Newcastle and Plymouth are known but scarce. Note: During World War II almost perfect forgeries of Bank of England Pound notes were produced by prisoners in a German concentration camp. The enterprise was code named "Operation Bernhard". The following occur: 5, 10, 20 and 50 Pound notes with different dates, also including branch office issues such as Leeds and Bristol. They come with signatures of Catterns or Peppiatt. There are a number of very small but discernible differences between the Operation Bernhard counterfeits and genuine notes. For example, most counterfeits have a dull look in Britannia's eyes and less clarity on the cross at top of her crown. You can see other differences in the portrait of "Britannia". Average market value in XF condition $100.00-200.00 (Source: World Paper Money).