Watch List notes:

Government of Pakistan, specimen 5 Rupees, ND (1948), serial number 00 000000, blue on tan underprint, crescent moon and star at right, value at left, reverse value in ornate guilloches, (Pick 5s, TBB B106as1), red diagonal SPECIMEN overprint, in PCGS holder, minor mounting remnants on back, 62 New, rare.

Estimate: £800 - £900