Watch List notes:

British India, 1917, King George V, 1 Rupee, Universalised Circle, Signed by A.C. McWatters, P Prefix, S. No. P87 387331, (KJ & RR # 3.1.2A), Correct Gujarati, no pinholes, stains, graded by PMG as 40 Extremely Fine, Very Rare.