Watch List notes:

Hyderabad State, 1946, 1 Rupee, Signed by G.S. Melkote, AS Prefix, S. No. AS/3 468422, "Sarkar-e-Ali" and "EK RUPYA SICCA OSMANIA" in Urdu, (KJ & RR # 7.3.7), staple holes at issue, minor stains, graded by PMG as 64 Choice Uncirculated, Very Rare in this grade.

Note: A similar banknote with the signature of C.V.S. Rao which is generally common in the series and graded by the PMG as 63 was sold on July 2020 for Rs. 80000 in our Auction # 30.