Watch List notes:

Hyderabad, Government Issue, a set from the FE 1331 (1920) issue, 5 rupees, prefix LQ, green print, no signature, 10 rupees, prefix AI, yellow-brown on ochre, no signature, 100 rupees, prefix PS, blue on lilac underprint, no signature, all with arms at top left and right(Pick S263, S265, S266, Razack-Jhunjhunwalla 7.5.4, 7.8.5, 7.10.4), all are sea salvage but without handstamps, some rust stains, very fine to extremely fine, becoming increasingly rare (3).

Estimate: £1,500 - £2,000