This truly is quite a rare bank note.
As a First Prefix note from 1954 it is more than 60 years old.
First thing to say is that notes bearing this prefix are not very common and finding one is half the battle.
This note still has overall good paper quality despite being well circulated. It has good edges and corners, light overall creasing and very few stains.
At some point the note has been damaged with a scrape / cut on the left hand side of the reverse which has pushed the paper up. It has been then stuck down by a small strip of tape.
This is truly a shame as it would otherwise be far more than it is.
Never the less if your collection is looking to add a genuinely rare prefix to its ranks then this is a great chance.