Watch List notes:

(x) Government of India, [Top Pop] 100 rupees, Madras, 16th February 1925, serial number JE/53 78225, H. Denning signature, (Pick A17y, Razack-Jhunjhunwalla 2A.5.2E.3, BNB 123), in PMG holder 35 Choice Very Fine, minor repairs, spindle holes, , highest grade on PMG Census, rare.

Estimate: £5000 - £8000