Watch List notes:

British India, 1917, King George V, 1 Rupee, Universalised Circle, Signed by A.C. McWatters, N Prefix, S. No. N4 687136, (KJ & RR # 3.1.2A), Correct Gujarati, holes, folds, stains, rust, graded by PCGS as 25 Very Fine, Very Rare.

Note: This banknote has a reverse '786' in its serial number '687136', making it an interesting offering for British India and 786 serial number collectors.