Watch List notes:

Republic India, 1977, 50 Rupees, Signed by M. Narasimhan, CM Prefix, S. No. 6CM 124621, (KJ & RR # 6.6.1.3/RM & AM # R6.3), exceptional paper quality, staple holes at issue, graded by PMG as 65 Gem Uncirculated EPQ.