2022-05-04 Wed

At the time of the British Raj in India, the one rupee note was the lowest denomination in banknotes. The next denomination was five rupee notes. To decrease the distance between these two denominations, a two and eight Annas note was issued as a fresh intermediate.

In that lot, many different collectables from the different eras of Indian history were sold. There were also many banknotes in this collection, among the Two and a half Rupees of King George V fetch.

This Banknote was issued in 1918 and consists of the signature of M.M.S.Gubby the Prefix C indicated it from Calcutta circle. According to the auction house this note is Very Fine, Extremely Rare and the most sorted after banknote in Indian Paper money.

Image Courtesy: Todywalla Auction