Watch List notes:

British India, 1938, King George VI, 100 Rupees, Bombay Circle, Signed by C.D. Deshmukh, B Prefix, S. No. B32 134033, (KJ & RR # 4.7.2A), staple holes at issue, spindle hole, crisp, brilliant white, graded by PMG as 63 Choice Uncirculated, Extremely Rare in this grade.

Note: An incredible specimen with its original vibrant colours unaffected by any foreign elements, it has managed to survive in appealing quality. This issue from the Bombay circle is becoming extinct in such high grades.