Watch List notes:

Hyderabad, Government Issue, 100 rupees, FE 1331-39 (1920), serial number PZ 19263, blue on pale lilac, no signature, arms top left and right, reverse blue print, guilloche pattern, value at centre and each corner, signature Jung(Pick S266e, Razack-Jhunjhunwalla 7.10.3), spindle holes at issue, in PMG holder 35 choice very fine.

Estimate: £900 - £1,200