Watch List notes:

(x) Reserve Bank of New Zealand, £50, 1 August 1934, serial number T 050687, dark red, green, pale orange and pink, kiwi bird at left, arms top centre, the Maori King Tawhiao at right, Leslie Lefeaux signature, reverse red, Mitre Peak and Milford Sound, value at left and right(Pick 157, TBB B104a, Robb R171), in PCGS holder 35 Very Fine. In superb grade for such a rare note.

Estimate: £25,000 - £30,000