Stack's Bowers & Ponterio
January 2023 NYINC Auction 13-16 Jan 2023
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INDIA. Reserve Bank of India. 100 Rupees, ND (1957-62). P-R6. PCGS Currency Extremely Fine 40.
An incredible opportunity for any top-tier collector looking to acquire one of the most coveted pieces of Indian currency. We have not offered this type since our August 2021 ANA auction, and that example, a PMG AU50, realized $55,200. We previously sold a PMG EF40 in August 2019 for a whopping $60,000! Given the growing demand for rare paper, a similar figure should be realized on this piece tonight.
An incredible opportunity for any top-tier collector looking to acquire one of the most coveted pieces of Indian currency. We have not offered this type since our August 2021 ANA auction, and that example, a PMG AU50, realized $55,200. We previously sold a PMG EF40 in August 2019 for a whopping $60,000! Given the growing demand for rare paper, a similar figure should be realized on this piece tonight.
This note boasts a dark maroon primary design, with a mustard yellow undertint. Prefix HA with HAJ arched on each side of the arched Reserve Bank of India cornice atop the note. Issuing office of Bombay noted on the bottom. H.V.R. IYENGAR signature at the Governor's panel. Ashoka column serving as both the watermark and right vignette with noticeable lathework permeating throughout the design. Scarce, and the key note to any serious collection of Indian and Haj issue currency. PCGS Currency comments "Small Repair, Rounded Corner, Residue on Back".
Estimate: $40000 - $50000