Watch List notes:

British India, 1917, King George V, 1 Rupee, Universalised Circle, Signed by A.C. McWatters, O Prefix, S. No. O20 797478, (KJ & RR # 3.1.2A), Correct Gujarati, folds, pinholes, stains, graded by PMG as 45 Choice Extremely Fine, Very Rare.

Note: Rare prefix is generally not encountered easily.