Marudhar Arts Offers British India Rarities Certified by NGC and PMG

Marudhar Arts, a respected auction house in India, is offering NGC®-certified coins and PMG®-certified notes in its July auctions, including two great rarities from the British India era. Online bidding is already underway for Auction 54 and Auction 55, which conclude on July 10 and July 11, 2026, respectively.

The top NGC-certified lot in the auction is an India SE1780(1858) Indore Mohur graded NGC MS 63 (Auction 55, lot 227), with an estimate of 3,500,000 to 4,500,000 INR (about $37,000 to $48,000). It was issued during the reign of Tukojirao Holkar II, who ruled Indore for more than 40 years in the mid-19th century, from age 12 until his death. This is the only example of this rare coin in the NGC Census and, according to the auction house, this is its first appearance in an Indian auction.

Other NGC-certified highlights include:

• an India AH1073//5 Mughal Empire Mohur graded NGC MS 64 (Auction 54, lot 123), with an estimate of 300,000 to 400,000 INR (about $3,200 to $4,200)
• an India (1761-82) Mysore Pagoda graded NGC AU Details (Auction 54, lot 134), with an estimate of 150,000 to 200,000 INR (about $1,600 to $2,100)
• an India (1877-1901) Rupee graded NGC Mint Error AU 50 - Mirror Brockage on Reverse (Auction 54, lot 190), with an estimate of 65,000 to 75,000 INR (about $700 to $800)
• an India (AH896-899) Sultans of Bengal Gold Tanka graded NGC MS 64 (Auction 55, lot 72), with an estimate of 1,000,000 to 1,200,000 INR (about $11,000 to $13,000)
• an India AH893(1488) Sultans of Bengal Gold Tanka graded NGC MS 63 (Auction 55, lot 71), with an estimate of 600,000 to 800,000 INR (about $6,300 to $8,400)
• an India AH887(1482) Sultans of Bengal Gold Tanka graded NGC MS 63 (Auction 55, lot 70), with an estimate of 500,000 to 700,000 INR (about $5,300 to $7,400)
• an India VS2000(1943) Dungapur Mohur graded NGC AU Details (Auction 55, lot 218), with an estimate of 350,000 to 450,000 INR (about $3,700 to $4,800)

Meanwhile, the selection of PMG-certified notes is led by an India / British Administration 1901-09 10 Rupees graded PMG 25 Very Fine (Auction 55, lot 308), with an estimate of 800,000 to 1,000,000 INR (about $8,500 to $11,000). This is one of only nine examples in the PMG Population Report of this exact catalog number, with only three graded higher (all of them PMG 30 Very Fine).

Other PMG-certified highlights include:

• an India, Reserve Bank ND (1953) 10 Rupees Specimen graded PMG 58 Choice About Uncirculated (Auction 55, lot 342), with an estimate of 400,000 to 500,000 INR (about $4,200 to $5,300)
• an India, Reserve Bank ND (1976) 2 Rupees Specimen graded PMG 58 Choice About Uncirculated EPQ (Auction 55, lot 341), with an estimate of 350,000 to 450,000 INR (about $3,700 to $4,800)
• an India / British Administration 1917 1 Rupee graded PMG 25 Very Fine (Auction 55, lot 309), with an estimate of 175,000 to 200,000 INR (about $1,900 to $2,100)
• a lot of two India, Reserve Bank ND (1943) 100 Rupees with consecutive serial numbers, each graded PMG 62 Uncirculated (Auction 55, lot 320), with an estimate of 125,000 to 150,000 INR (about $1,300 to $1,600)
• a Burma / British Administration ND (1939) 100 Rupees graded PMG 30 Very Fine (Auction 55, lot 322), with an estimate of 80,000 to 100,000 INR (about $800 to $1,100)
• an India, Reserve Bank ND (1954-57) 1,000 Rupees graded PMG 30 Very Fine (Auction 55, lot 340), with an estimate of 70,000 to 100,000 INR (about $700 to $1,100)

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