Watch List notes:

Reserve Bank of India, Persian Gulf issue, 100 rupees, ND (c1950), serial number Z/4 520668, green on multicolour underprint, Ashoka column at right, reverse green, Elephants at centre, bank seal at low centre(Pick R4), completely original with excellent embossing on the serial numbers, one vertical and one horizontal crease, along with the usual staple holes, in PCGS holder number 45 PPQ, extremely fine, utterly superb condition, and a true rarity in such grade.

Estimate: £4,000 - £5,000