Watch List notes:

(x) Government of India, consecutive 5 rupees (2), Calcutta, 12 October 1907, serial number YA 37 49811/49812, black on pink underprint, value at centre and eight language panels, signature Gillan,, (Pick A5d, Razack-Jhunjhunwalla 2A.1.4A.1), both in PMG holders 63 choice uncirculated, extremely rare in high grade and in a consecutive pair, truly special.

Estimate: £14,000 - £18,000