Watch List notes:

(x) Hyderabad, Government Issue, colour trial specimen 10 rupees, FE 1333 (1920-36), specimen number 454, green on pale lilac underprint, arms top left and right, signature of Hyder Nawaz Jung low left, reverse green guilloche pattern, value at centre and at each corner, (Pick S265ects, Razack-Jhunjhunwalla 14.67 for type), perforated, red SPECIMEN WATERLOW & SONS LTD overprint, in PMG holder, 64 Choice Uncirculated, highest grade on Track & Price at the time of cataloguing, extremely rare and magnificent design banknote.

Estimate: £5,000 - £7,000