New Zealand ND (1924-1933) - Bank of New South Wales Ten Shillings Proof, Perforated SPECIMEN (Pick S161s)
The proof is printed single sided in orange red intaglio with a completely blank reverse and carries the perforated control legend SPECIMEN C SKIPPER AND EAST. This marking is formed through a fine matrix of pinhole perforations applied by the printer and serves as a control device identifying non circulating material. Such perforations were not cancellations and were not applied by issuing authorities. They were internal printer controls used to distinguish proofs and reference material from production stock. Read more →