Watch List notes:

India, Princely State of Hyderabad, an obverse and reverse colour trial 1000 rupees, ND (FE1334-1341, 1926), brown and green, Royal arms top left and right, text in Urdu top centre 'Currency note Sarkar-e-Ali', denomination written in Marathi, Telegu and Kannada and in Siyaq, Marathi, Telegu, Kannada and English in vertical panels at left and right. Text in microlettering in central panel 'THE GOVERNMENT OF HIS EXALTED HIGHNESS THE NIZAM OF HYDERABAD', reverse brown, value at centre and at each corner,(Pick 267cts2, Jhunjhunwalla-Razack 14.71), in PMG holders 66 EPQ Gem Uncirculated and 64 EPQ Choice Uncirculated. An exceptional rarity and a wonderfully striking banknote. Possibly one of only two colour trials extant today and therefore of the utmost importance.

Estimate: £40,000 - £60,000