Nilaish Banknotes World

The blogger of this blog; Nilaish has lovingly authored a book on the history of Indian paper money called, "FROM RUPEES  TO PAPER PROMISE : A history of Indian Paper Money".   Book Title: From Rupees To Paper Promise - A History of Indian Paper Money  Author & Publisher: Nilaish, Esq.  Pages: 308. British Library catalogue records is available for this book.  To buy a copy of this book please email us at: nilaish86@gmail.com Synopsis  BOOK TITLE: ‘From Rupees to Paper Promise’. SUBTITLE: A history of Indian Paper Money.   BRITISH LIBRARY CATALOUING-IN-PUBLICATION DATA: A pre-publication catalogue record for this book is available. AUTHOR: Nilaish BACKGROUND & PURPOSE: The history of Indian paper money is not readily available for researchers, collectors and numismatists. This book is an attempt to present a good history of Indian paper money between 1770 and 1975.     ...

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...

Very few collectors know that the first 'RUPEES' notes were printed by Bank of Bengal. Although, Bank of Bengal issued currency notes since 1812 in the Bengal Presidency. The "Rupees" issue came much later after the Coinage Act of 1835. Earlier the currency notes were denominated in Company's Rupees (Notes issued prior to 1856). The new issue witnesses the famous "Sepoy Mutiny" of 1857. The very first rupee notes were issued in 10 Rupees (image shared), 25 Rupees, 50 Rupees , 100 Rupees, 500 Rupees and 1,000 Rupees. This new design was called, "Britannia Issues". It depicts on the top centre: Britannia (Personified lady) sitting on lion, on her left the personified lady depicting commerce and on her right personified lady depicting justice. In the background Sarnath on the right with elephant, Rhino on the left with natural background. These notes are without watermark and were printed and engraved by W.H. Lizars, Edinburgh (Scotland). It is a...

By Nilaish Life Member of IBNS-IBCC "It is dear to those who loves currency notes and its history, but is there any future for stock pickers?"   Collecting paper money hobby is a very educative hobby, but I suspect that very few collectors understand it?! I started collecting Indian paper money since 1998 and yet not grown out of my boyhood passion. I saw many trends in the market culture of traders of Indian paper money. Sometime back it was very high ... and now it is low! There are few things, which I noted during my journey of 18 years of collecting. This article focuses on the collector-side and as well as the investor-side of this hobby! Earlier, I had observed: October 18, 2000 edition of the magazine: "Intelligent Investor" which published an article about investing in and collecting Indian paper money. The article was titled, "GET NOTE WORTHY!" authored by Chumki Bharadawaj. She defined the hobby of collecting paper money of India in an i...

Auction: 15008 - World Banknotes:  Lot: 2031   Gulf Rupees (Oman, Bahrain, Qatar and the Trucial States),   specimen 10 rupees, ND (1959), serial number 0/00 000000, red and green and pale orange, for the Reserve Bank of India, Ashoka pillar at right, signature of H.V.R.Lengar low right, reverse red and mauve, dhow and seal at centre  (Pick R3s, Razack-Jhunjhunwalla 6.12.3.1),   black SPECIMEN overprint, ink letter 'A' top left, good extremely fine and very rare .  Subject to 20% VAT on both Hammer Price and Buyer’s Premium. For more information please view Terms and Conditions for Buyers. [Courtesy: SPINK & SONS LTD].  Sold for GBP 19,000 + 20% VAT  Reported from SPINK WEB / CATALOGUE