Watch List notes:

Union Bank of Australia Limited, New Zealand, colour trial £1, 1 October 1923, black on green and yellow, Queen Victoria at left, Britannia and symbols of commerce at top centre, reverse, blue,(Pick S372cts), perforated, red 'SPECIMEN WATERLOW & SONS LTD' in field, in PCGS holder 64 very choice new, rare. Subject to 20% VAT on Buyerís Premium. For more information please view Terms and Conditions for Buyers.
(Estimate: $600-800)