This is a brilliant note in GEF grade. Would be AUNC but for a light dent to the left of the top horizontal. On two corners there are a couple of light loose fibres so the note is just shy of AUNC. It is a wonderful banknote with the colours rich and vibrant and the watermark, clear and proud. This is a note to savour and add to the collection and even to retail further. It is worth at least £250.