Nilaish Banknotes World

Government of India, 50 Rupees, 10 March 1920, Red Underprint, Calcutta,  Signed by James Braid Taylor.   Image Courtesy: Rezwan Razack  India's biggest collector of banknotes, Rezwan Razack shared recently with me this myth buster note. I had never heard of J.B. Taylor sign on uniface note! This note establishes the fact that, J.B. Taylor signed few notes. This note has serial number RD/41 43972. Mr Razack is recognized as the author of standard reference guide in Indian Paper Money [1] . I find this coming year to be fun and I am staying buckled to note all what I see and will see! Happy New Year my readers and well wishers!!! 

1* Bank of Bengal, 1819, Uniface Series, 250 Sicca Rupees, Serial Number 8246A, issued at Calcutta, signed by first Accountant Henry Tyler of the bank, later Bank of Bengal merged with Bank of Bombay and Bank of Madras to form Imperial Bank of India, which is now known as State Bank of India. Bank of Bengal was the earliest governmental bank in India who issued notes as early as 1812. These notes were cancelled by the bank after making payment to the bearer and took the signature of the Secretary off!   2*  Bank of Bengal, 1825, Commerce Series, 100 Sicca Rupees, Serial number 14450, issued at Calcutta, signed by the second accountant H. Henderson of the bank, The signature cut off by the bank and stamped cancelled after paying the bearer.  3* Bank of Bengal, 1833, Commerce Series, 100 Sicca Rupees, Serial number 38189, issued at Calcutta, signed by H. Henderson, Cancelled and sign cut.  4* Bank of Bengal, 1835, Commerce Series, 50 Sicca...

It takes a joy to last forever and a feeling to ignite you again and again! Banknotes collecting is a new hobby granulated in rich collectors for the urge of knowing money and its history. Banknotes sometimes dispense needs and buys you freedom but here banknotes buys you information with beauty connoisseur-ship. Collecting is never been easy as a collector tend to save it nor to consume it!  My top 5 banknotes if you ask... I have a list which I am sharing with you. These banknotes are not only rare but speaks about history of the bygone era which must not be forgotten. It is a challenge because banknotes are destroyed by the issuers when it phases out. Such challenges are prevalent in collecting notes of the British colonial rule around the world, e.g. India.  1) BLACK DRAGON NOTE :  In my list the note which I have ranked number 1 is from China. This banknote is a rarest banknote I have ever seen.  In around 1909 the Qing dynasty restructured both the Imperial ...

BEWARE NOTE COLLECTORS AND READERS!!! " There is an organized crime agency who are scamming people by Rice Puller or RP myth. Several amateurs contacted me to find one or deal one. It is run by a top skimmer sitting abroad with all fake or tainted stories, don't fall in with them."  NOTE: I am blogging this article for public awareness and as an alert. Being an Avid collector of Indian Paper Money since 1999, I had been approached by several people posing themselves as MIB agents. They will all speak about a source, where you can find the verified Rice-Puller note or Rice-Puller coin, throughout India. I am putting my research on this topic below. I will briefly describe here the immaculate plan leading to indefinite addiction and evasion of hard earned money. East India Eagle Note or Rice Puller Note:  FANTASY NOTE This above note was never issued by any government body in India. East India Company ceased to rule India in 1858, Queen Victoria's Pro...

1944 Issued, Govt. of India, 1 Rupee, Black serial with inset A, A rare note! Image Courtesy: SPINK & SONS LTD. (London)  The above note with obverse and reverse image of 1940 coin and signature of C.E. Jones might appear a common one rupee British India note! If seen keenly the serial number W/44 569445 in black with inset A makes it extremely rare note among the series issued in 1944. There are following varieties found in this series: TYPE 1: 1944 Issue, Govt. of India, 1 Rupee, Serial number in black A/17 660359 without inset.  TYPE 2: 1944 Issue, Govt. of India, 1 Rupee, Serial number in green A/84 505492 with inset A.  TYPE 3: 1944 Issue design, Originally issued on 15th Aug. 1947, Serial number in red D/93 062678 without inset. Rare note! TYPE 4: As shown above (top first note).  SPINK & SONS LTD., auctioned type 4 for £1,250 (inclusive of buyer's premium and VAT) at London in their 2nd Oct., 2013 World Banknot...

1. Bank of Bengal, 1819, 250 Sicca Rupees, Signed by Accountant Henry Tyler,  Serial 8246A, rare. 2.  Government of India, 15 August 1904, 10 Rupees, Green underprint, Type RR/KJ No. 2A.2.2A.1, Calcutta, Signed by A.F. Cox, Serial No. RA/16 85548. Rare.  3.  Government of India, 1925, 5 Rupees, Signed by H. Denning, RR/KJ No. 3.4,  Rare sign.  4. Hyderabad, 1918, Osmania 10 Rupees, Signed by RR Glancy for Moin-ul-Muham,  Rare English sign, Printed by Waterlow & Sons Ltd. London, RR/KJ No. 7.8, Rare.  5. Banque de L'IndoChine, 8 September 1945, 1 Roupie, Pondichery,  Vignette of Profile of Marianne on left,  Promise text in French and English, Signed by Emile Minost (President) and Jean Laurent (Director-General), Exceedingly rare.  6. Hyderabad, 1 Rupee, 1943, Signed by Ghulam Muhammad, sign 1, Printed by Govt. Central Press, Malakpet, Hyderabad, rare. 7.  ...

"Collecting rare banknotes is a lifelong obsession for many collectors of paper money, it is utter shame to neglect the rare notes which forms the foundation of Indian Numismatics." Nilaish Sharma, F.R.N.S., M.B.A., Esq.  Proprietor, BIDS & WINS Enterprise  Fellow of Royal Numismatic Society  I have been collecting Indian Paper Money since 1999. Earlier ca. 1999, I was interested only in 1 Rupee notes which later transformed into a very obsessive whole new field called, Indian Paper Money! I was only a collector of ordinary nature back then, came across the notes with cut note dealers in Patna, which later fastened my visit to SPINK, London in 2011 for the first time. All these years grabbing the finest opportunity to meet renowned collectors and Auction companies was my fortunate luck. I was surprised to notice that only few collectors of Indian Paper Money fall into the category of early paper money of India (1800-1861). Rest others consume their capacit...

Commercial Bank of India, ca. 1845, 5 Rupees, unissued banknote into two halves  Image Curtsey: Archives International Auction (USA)  The above 5 Rupees banknote of Commercial Bank of India torn into two halves was sold by Archives International Auction (USA) for US$ 5000 ! This banknote was sold on 4th June 2004 through online auction. There are only two denominations known of this banknotes, one is 5 Rupees and 10 Rupees (Razack et al. 2012). These notes were printed by Batho & Bingley, Lombard St., London. It appears that a very few banknotes have survived, out of which two to three banknotes are noticed so far. A very rare Indian banknote indeed!

Nilaish, MBA Fellow of Royal Numismatic Society Introduction             Indian early paper money is known since 1770 A.D. but there is no example known till today before 1812 A.D. Several private and presidency banks regulated the currency norms in Indian economy between 1810 and 1861 A.D. The Governor General of India in 1809-10, Lord Gilbert Minto granted Royal Charter to Bank of Bengal as Presidency Bank of the Bengal Presidency. Thus, the trend of semi governmental banking system evolved in India. Later Bombay and Madras Presidency also founded Bank of Bombay and Bank of Madras in 1840 and 1843 respectively. Out of three, Bank of Bengal was the earliest semi-government bank which issued currency notes in the province. All three banks and with some private banks of India first in history witnessed the fabric of Indian Paper Money. The earliest currency notes were denominated in ‘Sicca Rupees’ moving to Company’s Rupe...