Bank of England White Fifty Pounds Operation Bernhard Forgery*, signed B.G. Catterns, London 15th June 1933, serial no. 50/N 11276, fold marks, edge tears and central hole above BANK OF ENGLAND otherwise VG, framed (not examined out of frame); together with 2 x Welsh Black Sheep Company five shillings, obv. outline of bull far right, dated 1969 and stamped ENGHRAIFFT with R. Hugh Williams signature 2, serial no. 002408 and 002502, discoloration and wrinkling otherwise Fine, and a copy of Ivor Wynne Jones, Money for All: The Story of the Welsh Pound (second English edition, Cwmi y Ddafaf Ddu Gymreig Limited, Llandudno, 1969).

*Between 1940-1945 the German security service (Sicherheitsdienst) ran an operation to introduce fake banknotes into the UK economy in an attempt to undermine Britain's war effort. Prisoners from Nazi concentration camps including Sachsenhausen, Mauthausen-Guten and Ebensee were coopted into producing five, ten, twenty, fifty and one hundred pound notes dated to between 20th May 1930 and 16th September 1938 (although other variants may exist). The operation came to an end when Ebensee was liberated in May 1945, and many of the remaining forgeries were dumped into the Toplitz and Grundslee lakes in the Austrian Alps.