PMG-certified British India 'Discovery Note' Realizes £74,400

Posted on 10/11/2019

Several other PMG-certified highlights in the Spink auction sold far above their starting bids.

The Spink October 2019 world banknotes auctions in London featured over 750 notes certified by Paper Money Guaranty® (PMG®). The top 20 highest-realizing notes were all PMG-certified.

An India / British Administration 1925 1,000 Rupees – Kurrachee graded PMG 25 Very Fine realized £74,400 (about $94,000 USD), including the buyer’s premium. This note is considered a “discovery note” because it was not previously known to specialists. Overall, the India section performed very well, attesting to the interest in Indian rarities.

India / British Administration 1925 1,000 Rupees – Kurrachee graded PMG 25 Very Fine, Price Realized: £74,400 (about $94,000 USD)
Click image to enlarge.

PMG-certified East African notes also realized high prices. For example, an East Africa, Currency Board 1947-51 10,000/- Shillings (£500) – Nairobi graded PMG 58 Choice About Uncirculated EPQ realized £91,200 (about $115,600 USD), which was over three times the starting bid.

Other PMG-certified highlights in the Spink world banknotes auction included:

All prices realized include buyer’s premium.


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