Watch List notes:

KUTCH: Khengarji III, 1875-1942, AR 5 kori (13.87g), Bhuj, 1928//VS1985, Y-53a. Ra-233.49, rare variety with edge legend KUTCH STATE BHUJ - all later issues omit the word STATE, as requested by the British authorities, EF-AU, R, ex Paul Stevens Collection.

Estimate: 150-200 USD