This is a rather special note – graded as AEF but would be acceptable also as EF. The only reason the grading is reduced is due to two pinholes to the right of Britannia.. There is one central fold, a very light one indeed and otherwise the note looks in tip top condition. Initially, I thought the note had been trimmed as the bottom serial number and ’10/-‘ seemed too close to the edge. I have superimposed another T18 note below so there is no trimming, just a slight printing shift. I don’t think this would constitute an error.