Watch List notes:

BRITISH INDIA: George VI, 1936-1947, AE pice, 1945-L, KM-533, S&W-9.243v, original proof strike, NGC graded PF64 RB. The label on the NGC slab refers to this as a restrike which in our opinion is incorrect. This appears to be an original proof, as it came with a companion 1944-L original proof piece and both have identical luster and strike. This date-mint combination is unpublished by Stevens & Weir in proof.

Estimate: 450- 550 USD