Stack's Bowers & Ponterio
August 2021 ANA Auction 16-21 Aug 2021
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PAKISTAN. Government of Pakistan. 100 Rupees, ND (1948). P-3A. PMG Extremely Fine 40.
Overprint on India P-20k. Karachi. At the time of cataloging, PMG's pop report lists this note as the second finest graded for the catalog number, and is tied with just a single note. Government of Pakistan at left over watermark with Urdu text at bottom. King George VI portrait vignette at right with watermark at left. The reverse of the note displays a snarling tiger's head. Plenty of detail and appeal for the assigned grade on this medium format note. PMG comments "Staple Holes at Issue, Spindle Hole, Stains." PMG Pop 2/1 Finer.
Overprint on India P-20k. Karachi. At the time of cataloging, PMG's pop report lists this note as the second finest graded for the catalog number, and is tied with just a single note. Government of Pakistan at left over watermark with Urdu text at bottom. King George VI portrait vignette at right with watermark at left. The reverse of the note displays a snarling tiger's head. Plenty of detail and appeal for the assigned grade on this medium format note. PMG comments "Staple Holes at Issue, Spindle Hole, Stains." PMG Pop 2/1 Finer.
This note was issued when Pakistan separated from British India to form the Islamic Republic of Pakistan. The notes were printed with new plates which added "Government of Pakistan" in English and in Urdu. India would later go on to fight two wars with Pakistan over the disputed territory of Kashmir; one in 1947-48 and another in 1965. A later war in 1971 was fought between the two countries, which resulted in the separation of East Pakistan and the creation of Bangladesh.
Estimate: $12000 - $15000