Watch List notes:

British India, 1925, King George V, 5 Rupees, 2nd Issue, Signed by H. Denning, K Prefix, S. No. K61 972905, Watermark Variety B, printed in England, (KJ & RR # 3.4.1B), spindle hole at issue, stains, attractive original vibrant colours, graded by PMG as 50 About Uncirculated, Extremely Rare in this grade.