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Republic India,&nbsp;1959,&nbsp;5 Rupees, Persian Gulf Issue,&nbsp;signed by&nbsp;H.V.R. Iyengar,&nbsp;Z Inset, S.No. Z0 739674,&nbsp;(KJ &amp; RR # 6.12.2.1), pin&nbsp;holes, exceptional paper quality,&nbsp;graded by PMG as 64 Choice Uncirculated EPQ, Extremely Rare.

Note: A rare denomination of the Persian Gulf banknotes. It is highly collectable in the Superb Gem Uncirculated grades. An exhilaratingly well-preserved example with its vibrant orange colours intact as from the time of issue, which is usually the first feature to fade even without circulation.

The Z prefix on this note identifies it as a &quot;Persian Gulf Note&quot; which the Reserve Bank of India circulated in Bahrain, Muscat &nbsp;Oman, Kuwait, Qatar, and the United Arab Emirates.

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