Watch List notes:

Government of India, 1 rupee (2), 1917, consecutive serial number Y/97 445770-1, black on red underprint, King George V at top left, McWatters signature(Pick 1e, Razack-Jhunjhunwalla 3.1.2A), both with pinholes at left, both with lower right corner fold, original paper, good extremely fine.

Estimate: £1,000 - £1,200