New Zealand 1907–1926 - Bank of New Zealand £20 Blue Serial-Prefix Audit Specimen (Pick S194s)
Historically, £20 represented the highest practical denomination issued by New Zealand’s private banks prior to monetary centralization in 1934. Circulating examples were systematically redeemed and destroyed, leaving archival specimens as the sole survivors. Audit-range serial-prefix specimens such as this were printed in microscopic quantities and retained within Bradbury Wilkinson’s London archives, making their survival extraordinarily unlikely. Read more →