Watch List notes:

(x) Reserve Bank of India, Persian Gulf issue, 100 rupees, ND (1959-), red serial number Z4 158982, green and pale orange and lilac, Asoka column at right, Lengar signature, reverse green, elephants at centre, (Pick R4, Razack-Jhunjhunwalla 6.12.4.1), in PMG holder, staple holes at issue, 50 About Uncirculated, very rare in this high grade.

Estimate: $7000 - $9000