Watch List notes:

(x) The London Chartered Bank of Australia, printer's archival specimen, £50, Melbourne, 1 July 1885, serial run 2801 to 3800, black on rose-red and orange-red underprint, value in all four corners, arms at left and right, reverse rose and orange-red, value at centre, perforated SPECIMEN BW&Co LONDON,(Pick S not listed), in PMG holder 64 EPQ Choice Uncirculated, As Made Corner Wrinkle, an extremely rare and desirable piece.

Estimate: 4500 - 6500