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    Description

    Rare 50 Pounds with Low Serial Number 37

    Serial Number 37 New Zealand Reserve Bank 50 Pounds 1.8.1934 Pick 157 PMG Very Fine 25.
    A rare and highly sought after note with a desirable, low serial number. This highest denomination issue is arguably the most difficult note to find in all of New Zealand currency. The controversial 1934 issue was only intended to circulate temporarily. In a rush, some of the previous designs were incorporated into the design of the ultimate issuance. In fact, due to air raids in England, plates were sent to Australia as a precautionary measure to ensure no hindrance in money supply to New Zealand. Notes printed by the Australians, however, never circulated in New Zealand, and did not include the TDLR stamp on the back. Instead, they were later repurposed for circulation in the island nation of Fiji.

    On the face, one notices to the right, King Tawhiao, the second Maori king, from the painting by Gottfried Lindauer. To the left one sees a vignette based on the engraving by Dutch artist John Gerrard Keulemans, featuring the Kiwi, New Zealand's national bird. On the back is Mitre peak in Fiordland. A small edge split at bottom center is noted for accuracy.

    The PMG Population Report lists only five examples, with none graded above Extremely Fine. Rare in any grade, and sadly missing from even the most complete New Zealand or South Pacific collections.


    Estimate: $15,000 - up.

    Auction Info

    Proxy Bidding Ends
    April
    23rd Thursday 11:50 am CT
    Auction Dates
    April
    23rd-27th Thursday-Monday
    Proxy Bidding Time Remaining
    22 Days 18h 7m 40s
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: 41
    Page Views: 308

    Buyer's Premium per Lot:
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    This lot is in: 2 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 28200-28580) - 12:00 PM Central Time, Thursday, April 23, 2020.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session.)

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    Heritage Auctions - Dallas
    3500 Maple Ave
    17th Floor
    Dallas, TX 75219

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    ** Lots bearing estimates and without Consignor Reserve shall open at Heritage Auctions' discretion (usually 25% to 60% of the low estimate).

    Opening Bid:
    $7,500
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