At the time of British India, the government conferred the right of coining metallic currency to thirty-four Princely States. One of it was the Princely state of Hyderabad, the currency situation in Hyderabad became serious during world war II, due to the shortage of silver. Hence, the British government was forced to permit this state to issue paper-money.
The Hyderabad currency Act came into force in 1918, the same year the Hyderabad currency issued denomination from 10 to 100 rupees. The above-shown note is the 1st issue of 100 Rupee note was printed in 1918 by the Waterlow & Sons Ltd.
Some types of this note were recovered from the shipwreck of the S.S. Egypt, which was carrying the consignment of Hyderabad note from England to India.
Todywalla is bidding this banknote of Hyderabad for estimate INR 60,000 to 70,000 in Mumbai on 22nd April. Don’t miss the change and starting biding to snatch this about very fine and Very rare note.
Image Courtesy: Todywalla Auctions