Nilaish Banknotes World

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 ...