Watch List notes:

Ten pounds, Kell/Collins (1925) U/1 477877 (R.54). Crisp original paper, tiny pin hole at right, good extremely fine and a superior note, consecutive number to the Deutsher example.

Ex Downies Australian Coin Auctions Sale, July 1997 (lot 1750) and later private purchase from John Pettit Pty Ltd, once part of a run broken up in the 1970s.
($15750-17500)