Watch List notes:

The Federal Bank of Australia Limited, specimen five pounds, Melbourne, 1st June, 18-, discordant serials, No. 00001 and No. 10000, imprint of Sands & McDougall, Engravers, Melbourne, SPECIMEN/BW & Co/LONDON perforated in three lines at signature reserve, '9 May 82' pencilled in top margin (MVR 1s). Nearly uncirculated and rare.

Ex Spink Australia Sale 17 (lot 1193, part).
($2700-3000)