The Channel Islands were the only part of British territory occupied by the Germans in World War II. The local residents in Guernsey wanted to issue small denomination notes for change as all metal coins had long disappeared from circulation. The Germans only allowed these small notes to be issued if the locals put up the equivalent in English Pounds. A total of 5000 £1 notes were taken from the vaults and overprinted 'Withdrawn from Circulation' so they could not be used by anyone, not even their German occupiers!
A number of different types were taken from the bank that day but the ones we have on offer now are the Peppiatt pre-War issue of which there were a total of 1,885 surviving (B239A). All the serial numbers in the hoard which came to light over 20 years ago have been recorded and they are scarce.
Very limited availability and an important part of our numismatic history