Auction 333-341 Australian States & Commonwealth of Australia and New Zealand – The ‚KOOYONG‘ Collection - Day 2

1931 (Jan 1): Waterlow 50th Anniversary $ 1 Die Proof vignette only of the Badge of the Company, printed in back on wove paper (80 x 104mm.), showing complete sunken die, with reversed legend 'Vignette 12107 North Borneo / $1' at top, with guidelines at four points. A wonderful example. Rare.