Condition | GEM UNC |
*India Banknote Collection: A Numismatic Journey*
The India banknote collection is a fascinating numismatic journey that showcases the country's rich history, cultural diversity, and economic growth. From the early British-era notes to the modern-day Mahatma Gandhi series, the collection is a treasure trove of historical significance, artistic beauty, and monetary importance.
*Early Years (1861-1947)*
The first paper currency in India was introduced in 1861 by the British government. These early notes, known as "British India Notes," featured Queen Victoria's portrait and were issued in denominations of 1, 2, 5, 10, 20, 50, and 100 rupees. The notes were printed by the Survey of India and featured intricate designs, watermarks, and security threads.
*Post-Independence Era (1947-1978)*
After India gained independence in 1947, the Reserve Bank of India (RBI) took over the responsibility of issuing currency notes. The first Indian currency notes, featuring Mahatma Gandhi's portrait, were introduced in 1949. The notes were printed in denominations of 1, 2, 5, 10, 20, 50, and 100 rupees. This series, known as the "King's Portrait" series, was replaced by the "Lion Capital" series in 1950.
*Modern Era (1978-Present)*
In 1978, the RBI introduced the "Mahatma Gandhi" series, which featured a new design and security features. This series, which

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