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Sat, Dec 16, 2017 | Last Updated 8:33 pm IST

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Re 1 note remains one of the most sought after pieces for every collector

Re 1 note remains one of the most sought after pieces for every collector
Re 1 note remains one of the most sought after pieces for every collector
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Mumbai sources have stated that the genesis of the 1 Rupee note lies in the World War I where the inability to mint coins forced the then colonial authorities to shift to printing Re 1 notes in 1917. Meanwhile the last hundred years the first note was introduced on November 30, 1917, with the photo of King George V have been all but tumultuous for this creation.


 

Meanwhile unlike other banknotes, this is not signed by the RBI governor, but by the finance secretary. When introduced, the Re 1 replaced the silver coin, which was the prevalent way of storing value of the princely Re 1.

 Re 1 note remains one of the most sought after pieces for every collector

Girish Veera, a veteran collector from Dadar, central Mumbai, said Re 1 note has been discontinued twice and underwent design overhauls at least thrice and excluding the modifications, but it remains one of the most sought after pieces for every collector. Not surprisingly, so many changes have raised investor interest in the note and some rare notes have fetched tens of thousands in the collectors' market.

 


Re 1 note remains one of the most sought after pieces for every collector
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