This really is a lovely note and looks better than EF. In fact, I bought this note from a well established Banknote Auction House. It was graded as EF. I have reduced the grading (yet again) to GVF. The note has been folded and there are ripples on the note, probably from storage. However, the note is clean (not washed) fresh and looks really superb. There are no stains, pinholes or toning and the T11.1 is a First Prefix in its series. It is on offer, just over the book price of VF. It is worth well over £460, so this is a great offer.