Watch List notes:

(x) Bank of New Zealand, specimen £1, Wellington, 190-, serial number 400001-450000, brown and white, allegorical maiden with kiwi bird, sheet and cherub at left, arms at top centre, value in brown underprint at left centre, counterfoil at left, reverse brown and white, arms at centre, countryside scene with volcano and kiwi bird at left, Maori people at right,, (Pick S206s), perforated SPECIMEN, pencil annotation '6th June 1900' at top left, in PMG holder 55 about uncirculated, an attractive note and rare.

Estimate: £1,500 - £1,800