Watch List notes:

(x) State Bank of Pakistan, 100 rupees, Karachi, ND (1953), serial number S 797126, maroon on pale orange underprint, value in ornate tablets at left and low right, reverse, bank title top centre, guilloche patterns, (Pick 14b, TBB B204a), staple holes and minor rust, in PMG holder number 64, Choice Uncirculated.

Estimate: £100 - £150