Watch List notes:

Republic India, 1951, 100 Rupees (2), Consecutive Pair, 2nd Issue, Bombay Circle, Signed by B. Rama Rau, A Prefix, S. No. A14 877695 & 877696, a picture of elephants on the reverse, (KJ & RR # 6.7.2.1A), pin holes, strong watermark area, minor stains, AU, Rare in this condition.