Watch List notes:

Commercial Bank, Launceston, Tasmania, second issue, black and white printer's proof on paper, twenty pounds, Launceston, 1st January 18.., imprint of Perkins, Bacon & Co. London, Patent Hardened Steel Plate, a 61mm piece removed at Manager signature reserve for cancellation, 'from this' pencilled next to date (MVR.2b). The usual glue tips on back corners, otherwise good extremely fine and very rare. Provenance - Ex Perkins Bacon Archive.

Estimate: 600 AUD