Watch List notes:

Government of Pakistan, specimen 100 rupees, ND (1948), serial number 00 000000, pale green on cream white paper, value at left, star and crescent at right, reverse, guilloche patterns, value at each corner, (Pick 7s, TBB B108as1), red diagonal SPECIMEN overprint, in PCGS holder, paper pulls at top corners, 55 Choice About New, rare.

Estimate: £1,000 - £1,200