Watch List notes:

Reserve Bank of India, 5 rupees, ND (1947), red serial number D/50 231627, green, George VI at right, Deshmukh signature, (Pick 23b, Jhunjhunwalla 4.2), staple holes at left, in PMG holder 66 EPQ GEM UNCIRCULATED, considerably rarer than the black serial number type especially in this top grade.

Estimate: £500 - £600