1934 New Zealand Lefeaux Fifty Pounds - Low Serial Number

Reserve Bank of New Zealand, First Series, Fifty Pounds, 1st August 1934, serial number T 000210, Lefeaux signature, the first Governor of the RBNZ. Printed by Thomas de la Rue and Co. Ltd. Portrait of King Tāwhiao, the second Māori king by Gottfried Lindauer, an illustration of a Kiwi by John Gerrard Keulemans, and the Coat of Arms of New Zealand. On the back is a vignette of Mitre Peak in Milford Sound, New Zealand. Pick 157, Banknote Book 104a.

Research as of 2026 records just 61 other surviving examples (Bob Haese), contrary to earlier estimates from decades ago suggesting approximately 80. This previously unrecorded example is the second-lowest known serial number for the issue and is the finer of the two, and is only the third known with a serial number below 1,000.

Surviving examples are exceptionally rare in any condition and are notably absent from even the most comprehensive New Zealand and South Pacific collections.