Nilaish Banknotes World

By Nilaish "This was the beginning of pictorial notes in the right sense, notes became dramatically beautiful!" Currency Note Press at Nashik was inaugrated on 14 April 1928 and soon it started printing currency notes of India. Still some notes were printed by Bank of England Press as earlier they were printed there. The King George V was depicted in royal robes on the obverse of the notes having denomination Re. 1(1917,  dated 1935 issued on 1940), Rs. 2/8 (1918-1927), Rs, 5 (1925, 1933), Rs. 10 (1923, 1925, 1933), Rs. 50 (1930), Rs. 100 (1927), Rs. 1000 (1931), Rs. 10,000 (1931). ONE RUPEE  1917 Issue, there are 3 signature varieties  One Rupee dated 1935, Issued in 1940, there are four varieties pertaining to design, watermark, paper, serial number pattern.  TWO RUPEES AND EIGHT ANNAS  Issued in 1918 and withdrawn in 1927. This denomination was equivalent to a dollar of that time.  FIVE RUPEES  Five Rupee...

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...

"I started collecting stamps, coins and notes since 1995 and yet not grown out of that boyhood passion".  -Nilaish  Introduction:  I started collecting first postage stamps of different countries from my friends and relatives. I kept hinging stamps in my red album since that time...and also today I am filling gaps in the album. I used to look for used envelopes from foreign countries. I found this addiction rather interesting and very compelling. Slowly I learned that it is more interesting to collect stamps by theme or by a country! I collected stamps of India (1911-1985), Commonwealth Stamps (& 200 Countries) (1840-1945) and Service Stamps of India (1911-1985). It took me 20 years to reach to this level and If I want to count them then it is a nightmare! When I was 12 years old my mother showed me some old silver coins preserved in our family. These one rupee coins were of British India. I first saw images of Queen Victoria, King Edward VII, King George V, K...

By Nilaish "Rich collectors dabble to hold on to these rarities in their portfolio to protect their investments as price realizations are amazing on these banknotes!" This list is prepared based on the price realizations available from different auction houses. Please note that this article does not solicit any kind of investment opportunity and is provocative in nature. This list is based on the facts collected from different sources. Banknote collecting is a passion for collectors for life long! I had been collecting for past 20 years and felt many times dragged out from bidding wars between riches competing for a note...that I desired! Rarity is the key and condition staggers the price tag of the note. However, rare notes are highly sought after among serious collectors. Collecting banknotes can be an expensive hobby, and isn’t as widely known as coin collecting which is a popular pastime of many. Misprints, are also intriguing and are quite rare because they don’t ...

By Nilaish - IBNS Member "Promissory notes which were issued before 1860, were less used by public than merchants and servants of the Company, these promissory notes served for heavy transactions of gold and silver coins!"  1 Introduction  The Bank of Bengal (1809-1861), Bank of Bombay (1840-1861) and Bank of Madras (1843-1861) were three semi-government banks who issued promissory notes in the Bengal, Bombay and Madras Presidency. These banks first started the wide culture of promissory notes in India. These notes were paid in gold and silver coins on demand at the desired branch. These promissory notes were sometimes, cut in halves and rejoined at the time of payment, and signatures were torn to cancel the note and stamped CANCELLED in blue, red and black. In these cancelled notes we find a hoard of notes with Accountant signatures only in Bank of Bengal promissory notes. The notes of Bank of Bengal are of three types broadly; Unifaced series, Commerce series and ...

By Nilaish "It took me 20 years to collect from the hands of keepers ... but seems that the searching will never end"  Any reason for me that I am a collector? I was always entitled to dismay, when I was looking for an answer! As time passed, I started to discover the answer to this question. Answer was lying in the blowing wind! Collect, preserve and study! This revelation happened to me when I studying in class 6th looking coins in my history text. I loved them and they appeared very beautiful to me. I began my journey of collecting coins. All I got...was from my mother and grandmother, some silver and copper coins. The sharp designs of coins eluded me. You know...these coins educated me to learn a typical British Indian rupee. Later, I discovered in an envelope few old 1940 dated one rupee notes...all were lying in the trunk in my store house! It was enough for me to get fascinated and carried away in the field of paper money and coins, i.e. numismatics. As time pas...