1 Rupees

Hyderabad, specimen one rupee, (1919) 'C/1' prefix only, overprinted 'SPECIMEN/WATERLOW & SONS LTD', diagonally in two lines on the front top left in blue and in the centre 'SPECIMEN/NO VALUE' in two lines in red, the same overprints on the back in reverse, circular 'WATERLOW & SONS LIMITED CANCELLED SPECIMEN' in blue on front lower right, 'SPECIMEN NOTE, WATERLOW AND SONS LTD' and the number '384' all in black print along the top margin, officially cancelled with three 9mm holes, Waterlow imprint on the front and back lower margins (P.S261; Jhun.1.1). Virtually uncirculated and a superb Waterlow 'specimen' of this very rare type.