Watch List notes:

Government of India, 5 rupees, 10th March 1922, serial number GD/94 952822, black and white, value in pink underprint at centre, A.C. McWatters signature, (Pick A6h, Razack-Jhunjhunwalla 2A.1.6.2), in PMG holder 35 Choice Very Fine, spindle hole at issue, toned, small piece missing, above average grade for type.

Estimate: £350 - £550