Operation Bernhard, K.O.Peppiatt, Bernhard 10, Leeds, 27 October 1934, serial number 150/V 23831, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left (EPM B242d for type, Pick 336Bh), in PMG holder, paper makers notch, minor toning, 63 About Uncirculated and a very rare branch issue