So rare are these valuable antiques that the currency note for instance is not even available with the Reserve Bank of India itself. The banknote from the 1840s is made out for a princely sum (for those days) of 1000 rupees. The note comes from the British Oriental Bank and is deemed legal tender by ‘the order of the board’. The note is expected to auction for about $20,000.
The coins are even older, coming from the time when the Mughal dynasty ruled India. There are coins which are almost 2500 years old and some which are 1700 years old. The coins from Emperor Akbar’s time had square shapes and are etched onto in the Urdu language. They mention the time and place of being minted and the currently reigning emperor.
India has not traditionally been a great market for auctions. But with the nouveau rich flexing their financial muscles, it is expected that those items with a strong Indian connection – such as these will rise in value stupendously within a very short time.