Fascinating India Banknote Offered in Spink Auction

Posted on 10/21/2021

A historic banknote from the early years of the Republic of India is a highlight in an October sale.

Over 250 intriguing banknotes certified by Paper Money Guaranty® (PMG®) are featured in a World Banknotes sale presented by Spink. Bidding for the auction is underway and will conclude on October 27, 2021.

A rare India, Reserve Bank ND (1959) 100 Rupees Haj Pilgrim Issue graded PMG 30 Very Fine is one of the top lots in this sale. Printed with red ink, the front of the note features the image of the Lion Capital of Ashoka, a sandstone sculpture that became the official emblem of India following the end of British rule in 1947. This rarity (lot 329) has an estimate of £20,000 to £25,000 (about $27,200 to $34,000 USD).

India, Reserve Bank ND (1959) 100 Rupees Haj Pilgrim Issue graded PMG 30 Very Fine
Click images to enlarge.

Other PMG-certified highlights in the sale include:

  • an Arabian Gulf Currency Board ND (circa 1960s) 25 Riyals Front Artist’s Rendition graded PMG 63 Choice Uncirculated (lot 210), which has an estimate of £15,000 to £25,000 (about $20,400 to $34,000 USD).
  • a Great Britain, Bank of England 1798-1805 £10 graded PMG 30 NET Very Fine and pedigreed to The Lou Manzi Collection (lot 265), which has an estimate of £16,000 to £20,000 (about $21,800 to $27,200 USD)
  • a Lebanon 1945 100 Livres Specimen graded PMG 65 Gem Uncirculated EPQ (lot 106), which has an estimate of £10,000 to £15,000 (about $13,600 to $20,400 USD)
  • a Singapore ND (1980) 10,000 Dollars Front Printer’s Model graded PMG 58 Choice About Uncirculated (lot 185), which has an estimate of £10,000 to £15,000 (about $13,600 to $20,400 USD)
  • an East Africa 1912-18 Mombasa 20 Rupees Color Trial Specimen graded PMG 55 About Uncirculated (lot 41), which has an estimate of £9,500 to £13,000 (about $12,900 to $17,700 USD)
  • a Sarawak, Government of Sarawak 1929 25 Dollars graded PMG 40 Extremely Fine (lot 395), which has an estimate of £8,000 to £12,000 (about $10,900 to $16,300 USD)

All estimates are provided by the auction house.


Stay Informed

Want news like this delivered to your inbox once a month? Subscribe to the free PMG eNewsletter today!

Thanks!

You've been subscribed to the PMG eNewsletter.

Unable to subscribe to our eNewsletter. Please try again later.

Articles List