Marudhar Arts
Auction 37 15 Oct 2022
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Hyderabad State, 100 Rupees, 'Sea Salvage', 1st Issue in 1918, Khurdad Month, FE 1331, Printed in England, S. No. PS95342, "Currency Note Sarkar-e-Aali", promise text in three lines "YAKSAD RUPYE SICCA OSMANIA" in words in the center, Siyaq in the top left at the reverse, all in Urdu, (KJ & RR # 7.10.4), repaired, minor stains, graded by PMG as 45 Choice Extremely Fine NET, Extremely Rare.
Note: During the First World War, S.S. Egypt collided with a cargo steamer in thick fog northwest of France in May 1922. The Ship sank to a depth of 400 feet. It had in its cargo Gold valued at One Million Pounds. Few Salvagers formed a Salvage Company called 'SORIMA', they hired a cargo ship called 'Artiglio' with the sole purpose of salvaging the One Million Pound worth of Gold in SS Egypt. In June of 1932, they were able to salvage the gold and along with it the unsigned notes of Hyderabad in denominations of 5, 10 & 100. There was a total of 1,65,000 notes of which after protracted negotiations through his advocates with 'Sorima', the Nawab of Hyderabad bought back 1,28,000 notes in July 1939. These banknotes were burnt in London. The remaining notes are either with collectors or are missing under the sea. These notes were printed by Waterlow & Sons.
Note: During the First World War, S.S. Egypt collided with a cargo steamer in thick fog northwest of France in May 1922. The Ship sank to a depth of 400 feet. It had in its cargo Gold valued at One Million Pounds. Few Salvagers formed a Salvage Company called 'SORIMA', they hired a cargo ship called 'Artiglio' with the sole purpose of salvaging the One Million Pound worth of Gold in SS Egypt. In June of 1932, they were able to salvage the gold and along with it the unsigned notes of Hyderabad in denominations of 5, 10 & 100. There was a total of 1,65,000 notes of which after protracted negotiations through his advocates with 'Sorima', the Nawab of Hyderabad bought back 1,28,000 notes in July 1939. These banknotes were burnt in London. The remaining notes are either with collectors or are missing under the sea. These notes were printed by Waterlow & Sons.