Watch List notes:

Bank of New Zealand, an obverse uniface proof £5, Wellington, 1 October 19- (1924), purple, pale green and pale pink and lilac, the Maori King Tawhiao at left, value at right, (Pick S235 for type), perforated SPECIMEN, mounting traces, in PMG holder 64 choice uncirculated and very rare, attractive (2).

Estimate: £800 - £1,000