New Zealand 1913 - Bank of New Zealand £5 Orange Multi-Serial Approval Specimen (Pick S192ms)
By 1913, the Bank of New Zealand’s commercial note-issuing era was approaching its end. Two decades later, issuance would be centralized under the Reserve Bank, and most private-bank archival material was destroyed. Surviving multi-serial approval specimens such as this are therefore exceptionally rare. In light of known populations and the specialized function of the type, Pick S192ms properly belongs in the R8 rarity tier. It stands today as one of the most important reference artifacts for the study of New Zealand’s private-banknote system and Bradbury Wilkinson’s Oceania output. Read more →