In today’s era, many people are fond of collecting old notes and coins. Such collectors are also ready to spend a large amount for rare and historical currency notes. Many times, the price of these notes reaches lakhs in an online auction.
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1935 rupee note
The note being discussed is a 1-rupee note from the British era. It bears the signature of the then-Governor JW. This note was issued in 1935 and is almost 90 years old. This rare note can be sold on platforms like Coin Bazaar and Quikr. Due to the increased demand of collectors, the price of this note can go up to Rs 7 lakh.
RBI guidelines
The thing to note here is that the Reserve Bank of India (RBI) does not officially recognize the buying and selling of old notes and coins. That is, this trade takes place only between collectors and amateurs.
Why is the 1 rupee note special?
The main reason for such a high price is that the printing of the 1 rupee note was stopped several times. It was first issued in 1917, on which there was a picture of the then-emperor George V. Its printing was stopped in 1926. Then printing started again in 1940, but was stopped once again in 1994. Finally, it was printed again in 2015. Because of this, the 1 rupee note before independence is considered very rare and historical.
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1 rupee note and the Reserve Bank
In India, the 1 rupee note has Bharat Sarkar written on it, not Reserve Bank of India. The reason for this is that this note was first issued in 1917, while the Reserve Bank of India was established in 1935. This is the reason why this note is completely different from other notes and has historical importance.