Watch List notes:

Hyderabad State, 1939, 5 Rupees, Signed by Zahid Hussain, 2nd Issue, PM Prefix, S. No. PM 399841, "Currency Note Sarkar-e-Aali" and promise text in three lines "PAANCH RUPYE SICCA OSMANIA", Siyaq in the center on the reverse, all in Urdu, (KJ & RR # 7.6.4), pinholes at left as issued, small rust stains at right, graded by PCGS as 45 Extremely Fine, Very Rare in this grade,