Watch List notes:

British India, 1917, King George V, 1 Rupee, Madras Circle, Signed by M.M.S. Gubbay, M Prefix, S. No. M9 830295, (KJ & RR # 3.1.1A), Wrong Gujarati, rust stains, graded by PMG as 62 Uncirculated NET, Extremely Rare.

Note: The Madras Circle's One Rupee banknotes are gradually going extinct as this type completes its 104 years of existence. This specimen, being of uncirculated grade, is amongst the most desirable banknotes of this series.