Watch List notes:

(†) Bank of New Zealand, specimen £5, Wellington, 1 April 1923, serial number 820001-920000, purple and multicoloured, allegorical scene low left and right, value in green underprint at centre, reverse blue, green and orange, arms top centre, value at each corner(PS 228s), ink annotation '1.5.23' in top margin, perforated, about uncirculated, rare and attractive. Subject to 20% VAT on both Hammer Price and Buyer's Premium. For more information please view Terms and Conditions for Buyers.

Estimate: £700.00 - £900.00