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 It was withdrawn from the circulation in 1927.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. This comment has been removed by the author.

    ReplyDelete
  2. what is your price? send me message on 9004037191.

    ReplyDelete
  3. 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...

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...

500 Rupees banknotes signed by Duvvuri Subbarao in 2014

Nilaish Life Member - IBNS-IBCC "There are few notes denominated 500 Rupees are issued by RBI in 2014 which are signed by D. Subbarao, is a very interesting observation. However, it is said by RBI that process of changing signatures on notes of the new Governor is a tedious process."   The Hindustan Times correspondent reported that ( HT: 4 March 2014 ), "Take Note: RBI goofs up, as invalid notes in circulation".. It is found that some 500 Rupees notes of 2014 carry signature of D. Subbarao, who was previous Governor of RBI in 2013. New Governor, Raghuram Rajan joined the office in the same year. I came across an example and thus, collected it. It is presently sold in collector's market for Rs. 750-1000. An example can be seen below from my collection:  2014: 500 Rupees, signed by Duvvuri Subbarao having serial number 3KN 417376 with inset E. The HT correspondent reported that, "In an embarrassing goof-up, the Reserve Bank of India (RBI) h...