Watch List notes:

Bank of Madras, 100 rupees, Madras, ND (1859-1861), serial number 17865, black and white, equestrian statue top centre, value at centre and at each corner, two manuscript signatures low centre, (Pick S153, Razack-Jhunjhunwalla 1C.3.2.6), handstamped CANCELLED, in PMG holder 25 VERY FINE and extremely rare and the top graded example on the PMG population report.

Estimate: £5,000 - £6,000