Watch List notes:

BANKNOTES, India, Government of India, uniface 5-Rupees, 27 February 1914, Calcutta, black serial number LC59 39277, signed by M M S Gubbay, black FIVE at centre (Jhun 2A.1.4 A.3; Pick A5e). Two spike holes at left as usual, once folded into quarters, otherwise clean about very fine for issue.

Estimate: £250-300