Watch List notes:

BRITISH INDIA: George VI, 1937-1947, AE ½ pice, 1938(c), KM-528, S&W.254, circulating strike, VF to EF, R. The 1938 half pice was struck both in original proof (not represented here), circulating format, and proof restrike. The circulating issue was theoretically not released for circulation, or perhaps just a tiny quantity excaped.

Estimate: 150-200 USD