New Zealand 1896 - Bank of Australasia £50 Christchurch Proof (Pick Unlisted)
This proof displays the fully engraved obverse design, including denomination roundels, the seated allegorical vignette at center, and the formal promise to pay the bearer on demand. The layout reflects mature Victorian security printing practice, balancing ornamental complexity with legibility and authority. The absence of serial numbering, signatures, and circulation elements confirms its status as a proof prepared for reference and institutional record rather than issue. Read more →