The note has been examined closely under intense magnification. it appears to be AUNC. My grading of GEF is because there is a very slight ‘nick’ on the bottom middle as can be seen from the scan. I mention to be exact. Not sure how this happened but I have seen this once before on a note that was ‘nicked’ when being placed inside the plastic folder when caught on the edge of the plastic. The note is wonderful, and AUNC is correct as there is no central fold or loose fibres, but due to the nick, GEF remains my grade. It is worth well over £400.