Watch List notes:

(x) Government of India, 50 rupees, B (Bombay), 25 January 1916, serial number ZC80 11370, black and white with value in pink underprint at centre, Gubbay signature,(Pick A15d, Razack-Jhunjhunwalla 2A.4.3B.2), in PMG holder 25 Very Fine, scarce.

Estimate: £1,600 - £2,200