Watch List notes:

Hyderabad, Government Issue, 100 rupees, ND (1941-45), serial number QO 16179, black and blue on multicolour underprint, arms at top left and centre, value in five languages at centre, left and right, reverse blue, values, Ghulam Muhammad signature,(Pick S275c, Razack-Jhunjhunwalla 7.11.3), minor repair, staple holes at issue, in PMG holder 30 Very Fine.

Estimate: £450 - £550