Watch List notes:

British India, 1938, King George VI, 100 Rupees, Cawnpore Circle, Signed by J.B. Taylor, A Prefix, S. No. A16 673503, (KJ & RR # 4.7.1C), staple holes at issue, folds, stains, small tear, graded by PMG as 30 Very Fine, Very Rare.