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Auction: 391 - World Banknotes at NY INC
Lot: 405

National Bank of New Zealand Limited, [Top Pop] specimen £50, Wellington, June 1926,
the National Bank of New Zealand Limited was a significant financial institution with a history spanning over 140 years, originating from the establishment of the Colonial Bank of Issue in 1861. This bank later transformed into the Bank of New Zealand in 1862. Founded by the New Zealand government, the Colonial Bank of Issue was created to address the need for a national banking institution.
The Bank of New Zealand played a pivotal role in fostering economic development, facilitating trade, and providing financial services to support the growing colony. Initially a government-owned institution, it underwent privatization in 1992, being acquired by the Australia and New Zealand Banking Group (ANZ).
Throughout its long history, the Bank of New Zealand actively issued banknotes as an integral part of its financial operations. A particularly noteworthy instance is the issuance of this specimen £50 banknote, printed in Wellington in June 1926. This specific banknote, distinguished as the singular graded example by PMG with an assigned grade of 63 Choice Uncirculated, stands out for its exceptional condition and rarity. The fact that it is the only graded example further emphasizes its significance, making it rare and valuable
(Pick S321s), in PMG holder 63 Choice Uncirculated, sole graded example at PMG

Sold for
£2,300

Starting price
£210