Watch List notes:

(x) Bank of New Zealand, £1, 1 October 1928, serial number E045512, purple on multicolour underprint, Maori King Tawhiao at centre, value at corners, reverse purple, arms at centre, maoris at left, volcano, kiwi birds and canoe at right(Pick S234a), in PMG holder 55, about uncirculated, with only a tiny ink spot preventing an EPQ designation, a lovely example.

Estimate: £2,000.00 - £2,500.00