Skip to main content

1 dollar in India during World War I

TWO RUPEES AND ANNAS EIGHT CURRENCY NOTE: A NUMISMATIC RARITY 
OBVERSE 

REVERSE 

This decimal issuance of currency notes of India proved among the current numismatic horizon that, this two rupees and eight annas note is oblately miraculous example. This denomination was used for conversion of dollar during world war one. Rs. 2/8 was equivalent to 1 dollar in 1918. Then Finance department of the Government of India in 1918 issued currency notes of the denomination Rs. 2/8. Thus, the notes were used during the need of paper money between 1 rupee and 5 rupees. It was withdrawn from the circulation in 1927.  Above in the illustration obverse and reverse of the currency note issued from Rangoon is shown. The prefixes represented the issuing circles. In this example R/5 represents the issuing circle: Rangoon. Manuscript Signature of MMS Gubbay, for Govt. of India. Coins of denomination Rs. 2/8 were also issued and are rare. It is no surprise to say it is one of the rarest currency note of India, and collected by major big collectors of Indian Paper Money in India and abroad.  Watermark: Star enclosed in a rectangle with wavy lines at the bottom margin running through. This prized collectable is shining in my collection. Provenance: From the collection of an IBNS dealer and used as plate note in the articles, Sold in 2012 to Nilaish ESQ. 

Image Curtsey: Nilaish ESQ. All rights reserved. 


Comments

  1. C.P.NigamJanuary 4, 2020 at 6:13 AM

    This comment has been removed by the author.

    ReplyDelete
  2. RudyFebruary 18, 2020 at 7:00 PM

    what is your price? send me message on 9004037191.

    ReplyDelete
  3. C.P.NigamApril 16, 2021 at 12:23 AM

    2 Rupees 8 Anna Note in extra fine condition and issued from Cawnpore Circle is offered for sale to affluent investors for pride collection. Interested buyer may please contact me at whatsapp no 9199533956.

    ReplyDelete

Post a Comment

Popular posts from this blog

Top Ten Rare Banknotes of India

By Nilaish "Paper money is fragile and when used a lot, loses it's life but collecting them is even a great challenge!"  It is known from various catalouges [1] and [2] that, Indian paper money originated in 19th Century from Bengal Presidency. Bank of Hindostan and Bank of Bengal were the earliest banks in the presidency who issued paper money. The earliest year of issue of Bank of Bengal is 1812. However, notes were issued since 1770 but there is no evidence to support these claims. Indian paper money is divided into roughly four periods, a) East India Company Period (1800-1860), b) British Government of India Issues (1861-1936), c) Reserve Bank of India British Issues (1937-1947) and d) Republic India RBI Issues (1949- ). In the following list, I will pick up some of my personal favourites which are exceedingly rare currency notes of India. The price is not the guiding factor solely for this ranking. One may reshuffle and consider them ... as you wish....funn...
18 comments
Read more

British India One Rupee Notes

by Nilaish (Life Member of IBNS-IBCC) "One Rupee Notes: A legal tender for silver rupee coins to nickel rupee coins, in 1947 all silver content was gone from the rupee."  1917 First issue:  One rupee notes were first issued on 30th November 1917 representing 1917 one rupee silver coin. These notes were issued roughly in two types based on the following facts. Type 1:  The notes were issued in booklet of 25 notes with each note appearing as cheque leaf having perforations on the left. These notes were printed in England. Signed by A.C. Mc Watters. These booklets appeared like modern day cheque-books [see below]. 1917 One Rupee booklet with 25 notes signed by A.C. McWatters  Image Courtesy: Rezwan Razack  Prefixes issued in booklets were, Y and Z only. Sometimes inside cover, advertisements were printed. The obverse of the note has serial numbers diagonally left to right. ONE RUPEE in bold in the centre. On the left top we see obverse of rupee c...
5 comments
Read more

Bank of Madras 3000 Rupees Specimen Note fetches 1,30,000 pounds at Spink Auctions London

  A Spectacular Auction Evening: Bank of Madras Specimens at Spink Auctions (London) 23 September 2025 Spink’s London “World Banknotes” auction (Auction 25009) drew keen interest from collectors and institutional bidders alike. Among the star lots were specimen banknotes of the Bank of Madras , one of the three Presidency Banks of British India, whose survival in specimen form is exceedingly rare. These notes—pattern designs not meant for general circulation—serve as prototypes, presentation pieces, or archives. Their extreme rarity, historical significance, and aesthetic appeal make them prized items in high-end numismatics. The auction of these notes sets a world record for presidency banknotes of India. The 3000 Rupees Specimen note of Bank of Madras has become the most expensive note sold ever out of all Indian banknotes in any auction worldwide.  The Bank of Madras Specimen Lots                          ...
Post a Comment
Read more