Watch List notes:

(x) Reserve Bank of New Zealand, £5, 1 August 1934, serial number 4K245218, blue on tan underprint, Maori King Tawhiao at right, Kiwi bird at left, arms at centre, value at corners, reverse blue, Milford Sound at centre(Pick 156, TBB B103a), in PMG holder 53 EPQ, about uncirculated, a spectacular example.

Estimate: £1,500.00 - £2,000.00