Watch List notes:

Hyderabad State, 1945, 1 Rupee, Signed by Liaqat Jung, R Prefix, S. No. R/4 630357, "Sarkar-e-Ali" and "EK RUPYA SICCA OSMANIA" in Urdu, (KJ & RR # 7.2.4), crisp paper, strong paper quality, pinholes, minor stain, UNC, Very Rare in this condition.