New Zealand 1896 - Bank of Australasia £50 Christchurch Proof (Pick Unlisted)
The denomination itself is significant. Fifty Pounds represented the highest practical value employed by colonial banks for everyday large scale settlements, placing this proof at the apex of the Bank of Australasia New Zealand note structure. Proofs of such high denominations were produced in extremely limited numbers and were typically retained internally or discarded once designs were approved. Read more →