Every old One Rupee Fetches Rs 2,000, Old 1,000 Rupees Gets You Rs 30,000

By S Swaminathan
Believe it or not, If you have one old one rupee (Indian )currency note in good condition you may get up to Rs2,000. If you have one old Rs1,000 currency note in good condition you may get up to Rs30,000. How?
I had been to India recently and bought the Stamp and Coin Catalogues. There is another catalogue just for Indian paper money (currency notes). When I was browsing through them, some amazing facts came out.
Mahatma Gandhi’s Rs 10 mint (not used) stamp is worth Rs 13,000. If it is in good condition even after it is used it may get you up to Rs 6,500. (The Stanley Gibbons catalogue price for mint  is £140.).I am not going to talk much about the rare stamps. The price for the rarest Indian stamp is around Rs2.5 lakhs.
Indians are becoming richer and richer now. My son earns in one year more than what my dad earned in his life time! There are two reasons. After the boom in computer industry and the exodus of Indians to foreign countries they earn a big fat salary abroad. When foreign companies started investing in India they started giving salary equal to foreign pay. When one earns abroad and converts it to Indian currency that person’s salary will be a big sum.
The moment one becomes rich and all the basic needs are fulfilled, one turns to arts. That is what we saw in the age of Guptas which is known as the Golden Age in Indian History. They minted a lot of gold coins which can be seen in big museums around the world. Literature, Arts and Sculptures reached its peak during that time. Now we see the repeat of History. When antiques of great value are auctioned in London and New York Indian s are buying those antiques. The reason is simple. They have money and the time to appreciate it. Probably they may think it is good investment as well. The increase of price of Gandhi stamps and Indian currencies may be attributed to this trend.
I used to buy Indian paper money guide book, Phila India( stamps) guide book and  Indian coinage books at periodical intervals updating the prices. You will be surprised to find that the prices are going up rapidly. Old Indian one rupee issued in 1949 and signed by KRK Menon is priced as 2,000. It is in green colour. The later ones in bluish green colour can fetch you up to Rs300. But the last paper one rupee issued in 1994 will fetch you only Rs15. So the price depends upon whose signature (Governor of Reserve Bank) it carries, how old it was and what condition it is now.Rs 2 signed by B Ramarau may get between Rs 150 and Rs 750. Old Five Rupees with B Ramarau’s signature are priced  up to Rs 1,200. Rs 100 of Ramarau’s days up to Rs8,000 and Rs1,000 currency up to Rs 30000. So if you have any old Indian currency save it for your children. Rummage through your attic and there may be a g fortune waiting for you. When in doubt contact me or go through the catalogues.
Good Luck!
Please send feedback and comments to: Swami_48@yahoo.com
I am also Facebook and Twitter (@Swami_48).
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23 Comments

  1. Dear Swaminathan Sir,
    I to-day had the opportunity to read you blog. Very Intersting Articles. Regards this Currency, Coins and Stampls collection, I introduce myself as a curious collector. I am sharing my coins collections album with you in the Face Book. The Link is: http://www.facebook.com/media/set/?set=a.222050877850753.61936.100001375273842&type=1&l=9ae3d5c79a
    You may also contact me at karthikeyanvjw@gmail.com. Regards.. Sivasamy Karthikeyan.

  2. i have one rupee note bundle year of 1992. & some louse one rupee note year of 1976,1980.1985,1994,1992,1986,1988,1989. i want sale.

  3. i have one rupee note in 100 pieces, shall i keep my self else sell pls advise. if i want to sell where can i exchange.

    Thanks

    C. Kotiswaran
    mmschn01@gmail.com

  4. I have received lot of letters asking for help to sell their collections. A coin catalogue is published every year from Kolkatta. Every city in India has a Numismatic Society (Coin Collectors Club) along with the Philatelic Society (Stamp Collectors Club). If you approach them, you will get more information. Philatelic counters in Head post offices may give you such information. It is always good to consult one or two dealers before you sell them. E bay also has lot of sales of coins and stamps. You can get some idea by looking at e bay. Thanks for reading the articles.

  5. I am having a bundle of 1 rupees note containing 100 notes of year 1985 therefore if any interested to buy the same than kindly contact me 08427776988…….

  6. Hi
    I have been receiving letters like this very often.Please refer to Indian Paper Money
    Guide Book published by Philatelia, 1, Moti Sil Street, Kolkatta- 700 013
    I bought 2008 edition for Rs. 550
    You need the latest edition to get the latest prices.
    Every town in India has a Numismatics Society for coin collectors.
    If you go to Head Post office and ask about Philatelic Society (Stamp Collectors Club),
    they will tell you about coin and currency collectors. Both Numismatic and Philatelic societies function together.
    Good Luck.

  7. I am having a bundle of 1 rupees note containing 100 notes of year 1985 therefore if any interested to buy the same than kindly contact me 9227189214

  8. hi this is barath iam havening 1 rupee note of the year 1990,1981,1986,1991,1985 iam in chennai where i would sale it and this is my contact number 8122465612 and my mail id is kumarbarath275@gmail.com

  9. mohammadhusen kapasi

     /  February 27, 2014

    Fifty ane one hunrred rupees old not are avialible to me to contact me email

  10. hi this is Ramesh
    i have to many one rupee note wiht me and i want to sale it so pls help me
    kumarramesh_1920@yahoo.in
    rameshmnr90@gmail.cm

  11. hai iam avez i have to 2 one rupee note wiht me and i want to sale it so pls help me
    avezpharmexx@gmail.com

  12. AJay Thakker

    I am having a bundle of 1 rupees note brand new condition no scratches on any note so any one who like to this Indian currency or loved for antic pieces than fell free to contect me I want to sell this if any one offering me good price….

    My mail id is ajitraiththa@gmail.com

  13. Hello
    My name is Vishal
    I Have 1 rs. note in very good condition
    tell me how to sell my note
    My mail ID is kolivishal1990@gmail.com

  14. Hi My name is nagesh.
    I have 1 Rs.Note(1972,1979,1979,1980) with good condition
    can you tell me how to sell.
    My email id: kvnagesh13@gmail.com

  15. ramesh kumar

     /  May 28, 2014

    yes i had rs1 note about 30pices

  16. i want to 1,2 or five rupees notes, pls tell me how i am get that my email id is aruntripathi1987@gmail.com

    And Contact Me 9958727287

  17. Dear Ajay

    Hundreds of readers have written to me like you after reading my posts on stamps and currency notes. I did collect stamps, coins and currency notes at one time, but not any more.
    I just wanted to tell our people how much valued are our stamps, currency notes and coins. They have to preserve them properly.
    The best place to sell it at e bay or your local coin/stamp dealer. They know the market trends. Good luck.

  18. dear sir, can u need indian 100 rupe note
    1) made by east india company, at AKY office of issue
    2) made my 5 Rupee note
    talk with 07383078484

  19. Sorry, Ramesh. I dont buy old currency notes.
    You may try ebay or old coin dealers in your area.

  20. Hi, I Am Balaji
    I have 1rs – 10, 2rs – 10, 5rs -4, 10rs – 2, Indian Old Note with good condition. Any interested parties contact me at 9944212363 and balaji.nirmal1891@gmail.com

  21. hi, i am sanatan .i have some 1rs-15pice ,indian old note with good condition.year-1976,1978,1985.any one interested parties contact me at Email id-sanatanpandit89@gmail.com or 7384451583.

  22. Hi Swaminathan. Quite a nice article. Thanks for the info. CDG.

  23. Anyone wants to old indian 5,10,20,50rupee.contact me my contact no.+917708362659

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