Watch List notes:

THE NATIONAL BANK OF NEW ZEALAND LIMITED, second issue, specimen five pounds, Dunedin, 18-, imprint of Perkins, Bacon & Co.Ld London, stamped specimen, three punch hole cancellations on manager's reserve (L.501, P.S297, Clifford K244). Pin holes and a 1cm cut in top left corner otherwise, extremely fine and rare.

Ex Noble Numismatics Sale 95B, November, 2010, (lot 2659, The Robb Family Collection).