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20 Dollars - Elizabeth II

Issuer Reserve Bank of New Zealand
Year 1981-1992
Type Standard circulation banknote
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Reverse description A New Zealand wood pigeon (kererū) rendered in intaglio vignette at centre-right, perched on a branch with foliage. A tui bird and native flora, including miro berries and leaves, occupy the left side of the note against a multicolour guilloche background. The numeral '20' appears in oval cartouches at both lower corners.
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Protection description Watermark portrait of Captain James Cook, visible when held to light
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Comments

Bradbury Wilkinson printed New Zealand currency for decades, but the firm closed in 1990 — absorbed into American Banknote Corporation — meaning late issues in this P#173 series were among their final New Zealand commissions. The three signature variants (Hardie, Russell, Brash) span eleven years of governors, with Don Brash's tenure beginning in 1988 making his signed examples the latest and shortest-window of the run.

Watermark-only security by the 1980s was already behind contemporary standards, and this series was retired when New Zealand moved to polymer substrate notes in 1999.

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