Watch List notes:

Hyderabad, Government Issue, 100 rupees, ND (1939), serial number QG 35807, black and blue on multicolour underprint, arms at top left and centre, value in five languages at centre, left and right, signature of Mehdi Yar Jung, reverse blue, value(Pick S275b, Razack-Jhunjhunwalla 7.11.2), in PCGS holder 50, about uncirculated, scarce.

Estimate: £500 - £700