Watch List notes:

Commercial Bank of Sydney, uniface obverse proof £20 on card, ND (ca.1859), orange-light brown with values in blue, on cream paper, Britannia at left allegorical figure symbolising Abundance at right, commercial bank of Sydney at upper centre,, (Pick Unlisted, MVR2), at lower right written, for the commercial banking company of Sydney, private bank issue, in PMG holder, minor rust, 62 Uncirculated, A most attractive and colourful,W. & A.K.Johnston of Edinburgh engraving, only 1 of its type listed on PMG population report at the time of cataloguing.

Estimate: £500 - £550