Stack's Bowers & Ponterio
August 2020 Auction - Online Sessions 10-11 Aug 2020
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The maple leaf privy mark indicates this coin was struck just after India was granted independence thus invalidating the obverse die with "ET IND: IMP" in the legend. Since new obverse dies would take time to produce, the mint decided to continue striking 1947-dated coins with the outmoded obverse, but added the maple leaf privy mark just after the date for distinguishing purposes. A result, this type is SCARCEr and highly sought by collectors.
Estimate: $400.00- $600.00