Watch List notes:

The Union Bank of Australia Limited, fourth issue, ten shillings, Wellington, 1st March, 1920, 1/N 22241, imprint of Waterlow & Sons, London (P.S361; Robb M.41; L.531). Pin hole, minor spots, folds, firm paper, good fine and very rare. Provenance - Ex Noble Numismatics Sale 102 (lot 2401) and S.N.Agnew Collection.

Estimate: 4000 AUD