5 Rupees

Description India Government of India One Rupee 1917 Pick 1g Jhunjhunwalla 3.1.1A-B. There are seven varieties of these notes, with this being the seventh as evidenced by the watermark which is a rayed star within a square near the lower right and the the signature of M.M.S. Gubbay. Prior to this issue, the lowest denominations of notes printed were 5 rupees. A shortage of silver coinage occurred due to people hoarding them in part due to the war. Therefore, the need for lower denomination notes increased and one rupee notes were authorized. These were also issued in booklets of 25, as this one was, which is the reason for the perforations on the left side. PMG Choice Uncirculated 64 EPQ with "Note Unaffected by Issues in Booklet Selvage" on the back of the holder. From The Alta California Collection View all of [The Alta California Collection ] View Certification Details from PMG