LOT Marudhar Arts  /  Marudhar Arts Auction # 42  / 

537

Extremely Rare One Thousand Rupees Banknote of King George VI Signed by J B Taylor of 1938 of Calcut

Currency:INR Category:Coins & Paper Money Start Price:200,000.00 INR Estimated At:200,000.00 - 250,000.00 INR
Extremely Rare One Thousand Rupees Banknote of King George VI Signed by J B Taylor of 1938 of Calcut
14.75% extra added on Hammer amount as Buyer's Premium + GST
I:5% GST on All Numismatic Items, Used Stamps, Covers, FDC (H.S.N. 9704).
II:12% GST on Unused Stamps, Mint Stamps or New Issue (H.S.N. 4907)
The auction payment time limit is 7 Days from the invoice date of the Auction (including Holidays & Sundays).

Items over 100 years old cannot be taken out of India without the permission of the Director General ASI.
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, A6 382479, (KJ & RR # 4.8.1B), staple holes at issue, bank seals at the reverse, folds, stains, graffiti, graded by PMG as 25 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 demonetized in January 1946.  A specified time and method were prescribed to exchange these notes. When these notes were presented for exchange after the specified period the notes were inscribed with a rubber stamp that reads "Payment refused under orders of the Central Government". 
Sign In to Bookmark Lot