Watch List notes:

Bank of Tasmania, uniface black and white unissued five pounds, Launceston, 185-, No. -, watermark of BRIGHTON UNION BANK, HWB, HALL WEST & BORRER, imprint of Rowe Kentish & Co London, CANCELLED stamped in red at Manager's signature reserve (MVR 2a). Two heavy vertical folds split at margins, spike hole at left, fair and rare.
($1800-2000)