Spink Offers India and Other World Banknotes Certified by PMG
Posted on 9/22/2026
More than 100 world banknotes certified by PMG® are featured in an ongoing Spink auction, including two rarities that tell a story about a critical period of transition for India’s currency. Online bidding is already underway for the World and British Banknotes Featuring the Jersey Collection Part II, which concludes on September 30, 2026.
Among the featured notes in this auction is an India 1858 10 Rupees Progressive Proof graded PMG 55 About Uncirculated (lot 133), with an estimate of £40,000 to £50,000 (about $55,000 to $68,000). Also available is an India, British Bank of Bombay 1855-66 25 Rupees graded PMG 10 Very Good (lot 130), with an estimate of £18,000 to £28,000 (about $24,000 to $38,000).
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Both historic notes belong to the same fascinating era, when paper currency in India was becoming more established under British rule. The Bank of Bombay note was designed for one of the three Presidency Banks operating under the British East India Company, while the 10 Rupee note bears the date of 1858 — the pivotal year when the administration of India passed from the East India Company to the British Crown following the Indian Rebellion of 1857.
Other PMG-certified notes in this sale include:
- a pair of India / British Administration 1901-30 500 Rupees with consecutive serial numbers graded PMG 20 Very Fine NET and PMG 25 Very Fine NET (lot 137), with an estimate of £18,000 to £28,000 (about $24,000 to $38,000)
- a Palestine, Currency Board 1927 £5 graded PMG 25 Very Fine NET (lot 224), with an estimate of £18,000 to £28,000 (about $24,000 to $38,000)
- an Iraq, Government of Iraq 1931 (ND 1942)100 Dinars graded PMG 20 Very Fine NET (lot 169), with an estimate of £20,000 to £25,000 (about $27,000 to $34,000)
- an India, Reserve Bank ND (1954) 10,000 Rupees Watermarked Paper (lot 140), with an estimate of £14,000 to £18,000 (about $19,000 to $24,000)
- a pair of Iran, Bank Melli ND (1944) 100 Rials with consecutive serial numbers, each graded PMG 66 Gem Uncirculated EPQ (lot 160), with an estimate of £12,000 to £18,000 (about $16,000 to $24,000)
- a Palestine, Currency Board 1944 £5 graded PMG 50 About Uncirculated (lot 225), with an estimate of £10,000 to £14,000 (about $14,000 to $19,000)
- a Palestine, Currency Board 1944 £5 graded PMG 50 About Uncirculated (lot 226), with an estimate of £10,000 to £14,000 (about 14,000 to $19,000)
- an Iraq, Government of Iraq 1931 (ND 1938) 10 Dinars graded PMG 65 Gem Uncirculated EPQ (lot 163), with an estimate of £5,500 to £8,500 (about $7,400 to $11,000)
- an East Africa, Currency Board 1939 10,000/- Shillings Specimen = £500 Specimen graded PMG 63 Choice Uncirculated (lot 56), with an estimate of £6,000 to £8,000 (about $8,100 to $11,000)
- a Costa Rica, Banco Internacional 1931-36 2 Colones graded PMG 55 About Uncirculated EPQ (lot 49), with an estimate of £4,000 to £6,000 (about $5,400 to $8,100)
Estimates are provided by the auction house. The $ symbol indicates US Dollars.
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