PMG-certified 'Hajj' Note Offered in February Sale
Posted on 2/24/2025
Noonans Mayfair is showcasing an extraordinary selection of world banknotes this week. Featuring rare and valuable paper money from India, Pakistan and elsewhere certified by Paper Money Guaranty® (PMG®), this highly anticipated auction concludes February 26, 2025.
Among the highlights of this sale is an India, Reserve Bank ND (1959) 100 Rupees graded PMG 50 About Uncirculated (lot 294) with an estimate of £20,000 to £26,000 (about $25,000 to $33,000).
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This note is a special currency issued by the Reserve Bank of India to facilitate Indian Muslim pilgrims traveling to Mecca and Medina for the Hajj. This annual Islamic pilgrimage is one of the Five Pillars of Islam, obligatory for all financially and physically capable Muslims. This note, along with other denominations, was introduced to regulate foreign exchange and prevent Indian rupees from entering international circulation. These notes were eventually phased out as global currency exchange systems evolved.
Other PMG-certified banknotes offered in this auction include:
- an India - British, Oriental Bank ND (1845-49) 500 Rupees Front Proof graded PMG 55 About Uncirculated (lot 257), with an estimate of £20,000 to £26,000 (about $25,000 to $33,000)
- an India - British, Oriental Bank ND (1845-49) 1,000 Rupees Front Proof graded PMG 63 Choice Uncirculated (lot 258), with an estimate of £20,000 to £26,000 (about $25,000 to $33,000)
- a Sarawak 1929 100 Dollars Specimen graded PMG 63 Choice Uncirculated (lot 471), with an estimate of £16,000 to £20,000 (about $20,000 to $25,000)
- a Sarawak 1929 50 Dollars Specimen graded PMG 64 Choice Uncirculated (lot 470), with an estimate of £14,000 to £18,000 (about $18,000 to $23,000)
- a Sarawak 1929 25 Dollars Specimen graded PMG 64 Choice Uncirculated (lot 469), with an estimate of £10,000 to £15,000 (about $13,000 to $19,000)
- an India / British Administration 1901-03 5 Rupees graded PMG 58 Choice About Uncirculated (lot 271), with an estimate of £8,000 to £12,000 (about $10,000 to $15,000)
- a Southern Rhodesia / British Administration 1954 £10 graded PMG 25 Very Fine (lot 565), with an estimate of £8,000 to £10,000 (about $10,000 to $13,000)
- a Thailand, Grand Treasury Siam ND (1851-68) 1/4 Tical graded PMG 55 About Uncirculated (lot 595), with an estimate of £7,000 to £9,000 (about $8,800 to $11,000)
- a Pakistan, State Bank ND (1972) 100 Rupees graded PMG 64 Choice Uncirculated (lot 414), with an estimate of £7,000 to £9,000 (about $8,800 to $11,000)
- a Sarawak 1929 10 Dollars Specimen graded PMG 64 Choice Uncirculated (lot 468), with an estimate of £6,000 to £8,000 (about $7,600 to $10,000)
Estimates are provided by the auction house. The £ symbol indicates British Pounds, and the $ symbol indicates US Dollars.
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