Watch List notes:

Reserve Bank of New Zealand, £5, 1 August 1934, green serial number 4K 329403, blue and lilac and green, the Maori King Tawhiao at right, kiwi bird at left, Lefeaux signature(Pick 156a, TBB B103a), 4K the last prefix for type, very fine, scarce.

Estimate: £300 - £350