New Zealand, Bank of New Zealand 1.10.1928 P-S234a PMG Very Fine 20 1 Pound
Problem free example issued by the Bank of New Zealand. Any pre 1934 issues from New Zealand are very scarce in problem-free grades as seen here. Portrait of Maori king Tawhiao on front and three vignettes with local scenes on back. Despite the grade this note retains good eye-appeal.