Watch List notes:

(x) Hyderabad, Government Issue, 100 rupees, ND (1939), serial number QR 01848, black and blue on multicolour underprint, arms at top left and centre, value in five languages at centre, left and right, signature of Liaqat Jung, reverse blue, value,(Pick S275d, Razack-Jhunjhunwalla 7.11.4), in PCGS holder 50 About Uncirculated and scarce in this grade.

Estimate: £1,200 - £1,600