Watch List notes:

(x) Reserve Bank of New Zealand, £50, ND (1964), serial number R199175, red on multicolour underprint, Captain Cook at right, arms at left, sailing ship and Maori canoe at left, value at corners, reverse red, Mount Taranaki at centre(Pick 162c, TBB B109e), in PMG holder 64, choice uncirculated, completely original, with only a few marks in the margins preventing EPQ designation.

Estimate: £3,500.00 - £4,500.00