Watch List notes:

Reserve Bank of New Zealand, £1, 1 August 1934, serial number 9C218362, purple on tan underprint, Maori King Tawhiao at right, Kiwi bird at left, arms at centre, value at corners, reverse purple, Milford Sound at centre,, (Pick 155, TBB B102a), lightly pressed, extremely fine, minor ink, scarce in this grade.

Estimate: £300 - £350