Marudhar Offers Indian Rarities Certified by NGC and PMG

Rare coins certified by Numismatic Guaranty Company (NGC) and paper money certified by Paper Money Guaranty are among the offerings in a pair of auctions presented by Marudhar Arts focused on India's rich numismatic heritage. Bidding is already underway for Marudhar Arts' Auction 50: the Golden Jubilee Auction and Auction 51, being held July 12, 2025.

Among the top NGC certified items are two coins from the 1870s. An India 1870(C) 10 Rupees - Mature Bust graded NGC MS 62 (Auction 50, lot 140), has an estimate of ₹800,000 to ₹1,000,000 (about $9,400 to $11,700), while an India 1875(C) Mohur graded NGC UNC Details (Auction 51, lot 173), has an estimate of ₹400,000 to ₹500,000 (about $4,700 to $5,900).

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Meanwhile, two of the top paper money lots in the auction are certified by PMG. An India, Reserve Bank ND (1959-70) 100 Rupees - Persian Gulf Note graded PMG 50 About Uncirculated (Auction 51, lot 207) has an estimate of ₹600,000 to ₹800,000 (about $7,000 to $9,400), while an India, Reserve Bank ND (1972) 20 Rupees Specimen graded PMG 55 About Uncirculated EPQ (Auction 51, lot 212), has an estimate of ₹500,000 to ₹550,000 (about $5,900 to $6,400).

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Other NGC-certified highlights include:

• an India AH988(1580) Mughal Mohur graded NGC UNC Details (Auction 50, lot 42), with an estimate of ₹700,000 to ₹1,000,000 (about $8,200 to $11,700)
• an India AH987(1579) Mughal Mohur graded NGC MS 61 (Auction 50, lot 41), with an estimate of ₹700,000 to ₹1,000,000 (about $8,200 to $11,700)
• an India AH122X//27 Maratha Rupee graded NGC XF 45 (Auction 50, lot 87), with an estimate of ₹550,000 to ₹650,000 (about $6,400 to $7,600)
• an India AH1049(1639) Mughal Mohur graded NGC MS 66 (Auction 50, lot 62), with an estimate of ₹500,000 to ₹700,000 (about $5,900 to $8,200)
• an India AH1237//16 Hyderabad Mohur graded NGC UNC Details (Auction 51, lot 109), with an estimate of ₹400,000 to ₹500,000 (about $4,700 to $5,900)
• an India 1862(C) Mohur graded NGC AU Details (Auction 51, lot 172) with an estimate of ₹250,000 to ₹300,000 (about $2,900 to $3,500)

Other PMG-certified highlights include:

• an India / British Administration 1916-19 100 Rupees graded PMG 30 Very Fine (Action 50, lot 146), with an estimate of ₹600,000 to ₹800,000 (about $7,000 to $9,400)
• an India / British Administration ND (1917) 2 Rupees, 8 Annas graded PMG 25 Very Fine (Auction 50, lot 147), with an estimate of ₹500,000 to ₹700,000 (about $5,900 to $8,200)
• four examples of India, Government "Watermarked Paper" ND (1860) 10 Rupees certified by PMG (Auction 51, lots 218 to 221), each individual lot with an estimate of ₹500,000 to ₹700,000 (about $5,900 to $8,200)
• an India, Reserve Bank ND (2002) 20 Rupees Specimen graded PMG 55 About Uncirculated (Auction 51, lot 213), with an estimate of ₹250,000 to ₹300,000 (about $2,900 to $3,500)
• a Burma / British Administration ND (1939) 100 Rupees graded PMG 40 Extremely Fine (Auction 50, lot 150), with an estimate of ₹250,000 to ₹300,000 (about $2,900 to $3,500)

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