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1917 King George V British India Rupee Banknotes

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New Member

United States
8 Posts
 Posted 02/26/2011  5:20 pm Show Profile Bookmark this topic Add Nexda to your friends list Get a Link to this Message

Does anyone here have any knowledge they can share re: 1917 Indian (British India) King George V Banknotes? I have read the Blogs and a couple of websites and have learned a bit about them.

1. They are rare due to WWI. Some got blown up when ships carrying them were sunk. Some of those notes washed up on beaches, partly burned.

2. The paper they're issued on is not cotton/linen paper but (can't remember the proper name) handmade paper and the paper is fragile tending to wear out quickly, therefore not a lot survived.

3. Certain serial numbers and locations of issue and signer are rarer than others.

4. Watermarks are also important to establish the rarity of a banknote.

5. Staple holes are common and do not detract from value.

6. I've seen a few for auction and the price range goes from one extreme to the other and makes no sense.

Can someone recommend a resource for values of the 1917 notes? None of the websites I've found have any information, just discussion of King George and places and dates of issue, signer, serial number, etc.

And, what's the difference between "rare" and "scarce?" I see these terms used frequently and I know they don't mean the same thing. I have a couple of books on U. S. coins and currencies but a family member borrowed them before I had a chance to look these puzzling terms up.

Thanks for reading this post!
Nexda

New Member
United States
27 Posts
 Posted 02/27/2011  01:49 am  Show Profile Bookmark this reply Add opal to your friends list Get a Link to this Reply
I found a lot in my Krause catalog that I can share with you. It will help with some varieties and prices. I've just scanned the text rather than retyping it all.







New Member
United States
8 Posts
 Posted 02/27/2011  5:05 pm  Show Profile Bookmark this reply Add Nexda to your friends list Get a Link to this Reply
Thank you, Opal, for generously taking the time to scan and post the pages.

I have a better understanding of the values of circulated notes. The $9999.99 purchase price for a 2/8 (uncirculated? I was too shocked to look very closely and haven't recovered fully from the shock) over in ebay is amazing.

I have no idea how I happened upon that ad, but I got curious and started reading up on the paper rupees from that year. Thank you so much for helping me out!

That reminds me of a Don Rickles' joke. To an unsuspecting audience member, he said, "Let me help you out...
Which way did you come in?"

Nexda



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