Marudhar Arts

Auction 31  –  18 September 2020

Marudhar Arts, Auction 31

Indian and World Coins, Banknotes

Fr, 18.09.2020, from 10:30 AM CEST
The auction is closed.

Description

British INDIA Notes
British India, 1938, King George VI, 1000 Rupees, Calcutta Circle, Signed by J.B. Taylor, three seals on the obverse and one seal on the reverse in black ink reads "PAYMENT REFUSED UNDER ORDERS OF THE CENTRAL GOVERNMENT", A Prefix, S. No, A0 741467, (KJ & RR # 4.8.1B), bank seals at reverse, holes, folds, minor stains, about very fine, Extremely Rare.

Note: It is interesting to observe payment refused seals on this banknote. The high value notes of Rupees 500, 1000 & 10000 in circulation including Uniface notes were demonetised in January 1946.  A specified  time and method  was prescribed to exchange these notes. When these notes were presented for exchange after the specified period the notes were inscribed with a rubber stamp which reads "Payment refused under orders of the Central Government". 
Estimate: INR 150000 - 200000

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Bidding

Price realized 150'000 INR
Starting price 150'000 INR
The auction is closed.
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