Watch List notes:

Government of India, 5 rupees, no place name, 23 February 1920, serial number GD/20 69539, black and white, value in red-pink at centre and a red-pink guilloche top left and right, M.M.S.Gubbay signature low right, (Pick A6, TBB B132s1, Razack-Jhunjhunwalla 2A.1.6.1), in PMG holder, spindle holes at issue, 35 Choice Very Fine.

Estimate: £300 - £400