Watch List notes:

Republic India, 1950, 100 Rupees, 1st Issue, Kanpur Circle, Signed by B. Rama Rau, U Prefix, S. No. U0 667946, a picture of elephants on the reverse, (KJ & RR # 6.7.1.1), folds, staple holes at issue, graded by PMG as 35 Choice Very Fine, Rare.