Spink Offers High-Denomination Rarities from India Graded by PMG

Two notes from India that have been certified by Paper Money Guaranty® (PMG®) are at center stage in an auction presented by Spink. Bidding is already underway for the World Banknotes sale being held in London on September 29, 2022.

Leading the sale is an India / British Administration 1909-27 1,000 Rupees - Lahore graded PMG 25 Very Fine (lot 173). It is the only example that PMG has certified of this catalog number (Pick# A19Ao), which denotes it was payable in Lahore, then part of British India and today Pakistan's second-largest city. This note has an estimate of £60,000 to £100,000 (about $67,600 to $112,700).

India / British Administration 1909-27 1,000 Rupees - Lahore graded PMG 25 Very Fine Click images to enlarge.

Another top note in the auction is an India / British Administration ND (1928) 1,000 Rupees - Lahore graded PMG 30 Very Fine (lot 181). As with the previous note, its catalog number (Pick# 12d) indicates it was payable in Lahore and it is the only example in the PMG Population Report. This note also has an estimate of £60,000 to £100,000 (about $67,600 to $112,700).

India / British Administration ND (1928) 1000 Rupees - Lahore graded PMG 30 Very Fine Click images to enlarge.

Other PMG-certified notes in the sale include:

• an India / British Administration 1913-22 50 Rupees - Cawnpore graded PMG 15 Choice Fine (lot 170) with an estimate of £10,000 to £12,000 (about $11,300 to $13,500)
• an India / British Administration 1913-22 50 Rupees - Lahore graded PMG 15 Choice Fine (lot 171) with an estimate of £10,000 to £12,000 (about $11,300 to $13,500)
• a Burma / British Administration 1915-18 10 Rupees - Rangoon graded PMG 20 Very Fine (lot 44) with an estimate of £7,500 to £9,500 (about $8,400 to $10,700)
• a Hong Kong, Hong Kong & Shanghai Banking Corp. 1916-23 5 Dollars graded PMG 30 Very Fine (lot 158) with an estimate of £6,000 to £8,000 (about $6,800 to $9,000)
• an India, Reserve Bank ND (1937) 1,000 Rupees - Calcutta graded PMG 55 About Uncirculated (lot 189) with an estimate of £7,000 to £8,000 (about $7,900 to $9,000)
• an India / British Administration 1904-27 100 Rupees - Madras graded PMG 25 Very Fine NET (lot 172) with an estimate of £3,500 to £5,500 (about $3,900 to $6,200)

All estimates are provided by the auction house. The $ symbol represents US Dollars.