Watch List notes:

French India, Banque de l'Indo-Chine, specimen 50 roupies, Pondichery, 22 February 1902, serial number 0.0-000, blue and white, elephant and mahout at left and right, allegorical maidens bull and tiger low centre, reverse blue and white, bank title and denomination in 6 different scripts in brown, (Pick 1s, Razack-Jhunjhunwalla 13.4.3), perforated ANNULE, in PMG holder 66 EPQ EM UNCIRCULATED, and extremely rare, only one other example listed on Track and Price and this superior.

Estimate: £9,000 - £10,000