Watch List notes:

(x) Commonwealth of Australia, obverse and reverse archival photographs showing designs for £5 sterling, c.1910, black and white, seated female allegory at left, cows and bull at low right, reverse, female allegory at centre, arms of the Australian territories at low centre and corners, value at left and right, (unlisted), this is a completely unknown design, and is the earliest known design for a commonwealth banknote, backed on card, which is hand dated 30/9/19, in PMG holders 64 choice uncirculated, 65 EPQ gem uncirculated, unique and important (2).

Estimate: £1,600 - £2,000