Two Rare Indian Banknotes with Consecutive Numbers to be Offered in April in Auction of World Banknotes

One of two extremely rare banknotes from the Reserve Bank of India

One of two extremely rare banknotes from the Reserve Bank of India

An extremely fine 5 Shilling note from the Government of Fiji, dating from 1 March 1937, with the serial number B/2 00001

Two extremely rare banknotes from the Reserve Bank of India are expected to fetch £30,000-40,000 each when they are offered for sale in an auction of World Banknotes at Dix Noonan Webb, the international coins, medals, banknotes and jewellery specialists. This auction will be held on Tuesday, April 16, 2019 at 11am at their auction rooms in central Mayfair - 16 Bolton St, London, W1J 8BQ.

As Andrew Pattison, Head of Department, Banknotes at Dix Noonan Webb, commented: The two Indian notes are special because they were issued by the Indian Government for use only by Muslims going on the Haji’s Pilgrimage.  Anyone who intended to travel would exchange their rupees for Haji’s rupees which were valid abroad, mainly in Saudi Arabia.  100 rupees was the highest denomination note available and represented a vast amount of money to the average pilgrim.  Not many were printed and very few survive.  To find a consecutive pair in this excellent condition is unheard of.”  

Elsewhere in the sale is an extremely fine 5 Shilling note from the Government of Fiji, dating from 1 March 1937, with the serial number B/2 00001, which is expected to fetch £2,000-2,600.

Mr Pattison noted: “
This note is an incredible find with serial number 1 – it is new to the market and from a very popular country, so I am hoping that it will attract a lot of interest!




NEXT SALE: AUCTION OF BRITISH AND WORLD BANKNOTES ON
OCTOBER 1& 2 , 2019


Public viewing is held two days before the sale between 10am – 5pm
and free online bidding is available is
www.dnw.co.uk.
For more information, please call 020 7016 1700

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