Watch List notes:

British India, 1917, King George V, 1 Rupee, Universalised Circle, Signed by M.M.S. Gubbay, F Prefix, S. No. F13 829267, (KJ & RR # 3.1.1B), Correct Gujarati, holes, folds, stains, graded by PCGS as 15 Fine, Rare.