Watch List notes:

Hyderabad, Government Issue, specimen 100 rupees, ND (1939), serial number 0/00 000000, black and blue on multicolour underprint, arms at top left and centre, value in five languages at centre, left and right, signature of Fakhr Yar Jung, reverse blue, value,, (Pick S275as, Razack-Jhunjhunwalla 7.11.1), in PMG holder 45 CHOICE EXTREMELY FINE and rare.

Estimate: £3,000 - £4,000