PMG-certified British Indian Banknote Among Highlights in Noonans Mayfair Auction

Hundreds of banknotes certified by Paper Money Guaranty® (PMG®) are being offered in a Noonans Mayfair sale, including an exotic British Indian banknote from the early 1900s. Online bidding is already underway for Auction 694, which is set to end on March 2, 2023.

Leading the PMG-certified notes in the sale is an India / British Administration ND (1917) 2 Rupees, 8 Annas with a Cawnpore prefix graded PMG 63 Choice Uncirculated (lot 766). The 2 Rupees, 8 Annas denomination equates to 2.5 Rupees. The British government of India released this note in 1918 to combat silver hoarding as a result of World War I and as an ultimately unsuccessful experiment in shifting from the rupee-anna denomination to the dollar. It has an estimate of £20,000 to £26,000 (about $24,000 to $31,300).

an India / British Administration ND (1917) 2 Rupees, 8 Annas with a Cawnpore prefix graded PMG 63 Choice Uncirculated Click images to enlarge.

Other PMG-certified highlights in the auction include:

• a Kingdom of Persia ND (1890-1923) 500 Tomans Front Color Trial Specimen graded PMG 58 Choice About Uncirculated and Back Color Trial Specimen graded PMG 63 Choice Uncirculated (lot 850), with an estimate of £20,000 to £26,000 (about $24,000 to $31,300)
• an Ireland - Eire, Provincial Bank of Ireland Ltd. 1931 £10 graded PMG 63 Choice Uncirculated EPQ and pedigreed to the Bruce Smart Collection (lot 69), with an estimate of £12,000 to £16,000 (about $14,400 to $19,200)
• an India, Reserve Bank ND (1959-70) 100 Rupees - Persian Gulf Note graded PMG 58 Choice About Uncirculated EPQ (lot 789) with an estimate of £10,000 to £12,000 (about $12,000 to $14,400)
• an India / British Administration ND (1917-30) 5 Rupees Specimen graded PMG 63 Choice Uncirculated EPQ (lot 769) with an estimate of £8,000 to £12,000 (about $9,600 to $14,400)
• an India / British Administration ND (1928) 10 Rupees Specimen graded PMG 66 Gem Uncirculated EPQ (lot 773) with an estimate of £8,000 to £10,000 (about $9,600 to $12,000)
• an India / British Administration ND (1930) 50 Rupees graded PMG 35 Choice Very Fine (lot 776) with an estimate of £8,000 to £10,000 (about $9,600 to $12,000)
• a South Africa, Reserve Bank 1921 £20 Specimen graded PMG 64 Choice Uncirculated (lot 1051) with an estimate of £8,000 to £10,000 (about $9,600 to $12,000)
• a South Africa / Boer War 1901 £5 graded PMG 25 Very Fine (lot 1032) which has an estimate of £8,000 to £10,000 (about $9,600 to $12,000)

All estimates are provided by the auction house. The $ symbol represents US Dollars.