Watch List notes:

BANK OF NEW SOUTH WALES, five pounds, Sydney 1st October 1881 A/A 54672 (MVR 7c) signed by Spofforth (signed 1863-1875) only two outstanding of this variant, New England Hoard No 56. Some slight staining, otherwise nearly very fine and very rare.

Ex W.J.Baker Collection, from Geoff K.Gray Sale (lot 119) (not in MVR pedigrees).