A newly discovered British India banknote was recently certified by PMG in Hong Kong. The 1000 rupees note was issued in 1925 in Kurrachee (present-day Karachi). All the existing examples of this type until now were issued in Bombay and Calcutta. This variety was never listed in any catalogue and hence is termed as a “Discovery Note”. It was submitted by an auction house from the UK to PMG during the latter’s on-site grading event in Hong Kong. Graded as PMG 25 Very Fine, the note is going to be offered by Spink Auctions in London on 2nd October for an estimated value of $100,000.

PMG conducts on-site grading events in India and several other locations regularly. The next one would be organised from 12th to 24th August 2019 at the NGC office in Hong Kong. Submissions will be accepted until 9th August. No extra fees would be changed during the on-site grading event. Old and new notes from all countries would be accepted.

Image Courtesy: PMG