This is a really sound note, previously sold as VF. I grade slightly lower but I think most would hold to the VF. There is a low serial number which adds to the cachet. The note is trimmed at the top by 1mm. I am unsure if this was an original guillotine cut or at a later stage. Under magnification, my opinion is that this is from the time of printing. The edges on the right and leftseem to merge with the horizontals and the couple of loose fibres seem again, to suggest this was cut like this when issued. I try to be as precise as possible. It is an outstanding note and must be worth around £700, at least.