Australia 1900 - Bank of New South Wales £20 Sydney Circular Note Specimen (Pick Unlisted)
The design combines formal banking script with an elaborate vertical security panel carrying "BANK OF N.S.W." at the left and a large yellow-gold denomination underprint extending across the central field. The paper is surrounded by a pale blue border and carries a major security feature in the form of a large BANK OF NEW SOUTH WALES watermark accompanied by oversized ornamental watermark elements extending across much of the sheet. Read more →