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Auction: 20021 - The Mark T. Ray Collection of English Banknotes
Lot: 566

States of Guernsey overprints, Kenneth Oswald Peppiatt, £1, 18 September 1941, serial number 40Y 371856, green and blue-mauve, ornate crowned vignette of Britannia at left, value at right, purple overprint at centre 'Withdrawn from circulation September 18th 1941', reverse green, value at left and right
(EPM B238A, Pick 363g), only 328 examples believed extant and only 58 with suffix Y. In PMG holder 50 About Uncirculated, sole top grade example on PMG Population Report, the next highest being a 35. Rare in this exceptional grade for type

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Sold for
£450

Starting price
£300