100 rupee Hajj pilgrim issue banknote will highlight October 2-3 sale



2015-06-26 13:26:15

100 rupee Hajj pilgrim issue banknote will highlight October 2-3 sale

A 100 rupee Hajj pilgrim issue banknote selling at Spink in London is valued at $64,000

Paul Fraser Collectibles,Sunday 22September 2013

A State Bank of Pakistan, Hajj pilgrim issue 100 rupee note is the highlight of a sale of world banknotes taking place at Spink in London on 2-3 October.

The note originates from 1950 when the Pakistani government sought to provide a simple means for Hajj pilgrims, often illiterate, to exchange money when travelling to Mecca. The notes remained in use until 1978, when they were discontinued and most were destroyed - although a quantity found their way into the collector market.

Hajj note Spink The banknotes were circulated in 1950

Brown and multicoloured, the note features an image of Pakistan's founder Mohammed Ali Jinnah at the left with a black overprint: "For Hajj pilgrims from Pakistan for use in Saudi Arabia only". It is valued at 30,000-40,000 ($48,042-64,057).

An Imperial Bank of Persia 50 tomans note dating to June 15, 1924 is another highlight, and carries an estimate of 12,000-15,000 ($19,209-24,014).

The note originates from Tehran and graduates in colour through brown, green, pink and pale orange. It features a central image of Shah Muzzaffar-al-Din, fifth Qatar king of Iraq, with the value at the centre and each corner. The condition is described as good fine to almost very fine.

A Government of Iraq 100 dinar note from 1931 is valued at 10,000-12,000 ($16,012-19,216). Blue, pale green and multi-coloured, it features an image of King Ghazi, ruler of Iraq from 1933-1939, to the centre along with five signatures. There is a small split at the central margin, but otherwise the note is in original condition.

A number of auctions are coming up at Spink in early October, including sales of African and Bermudan banknotes.

We have a fascinating selection of rare coins availablefor purchase.

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