100 Rupees

Hyderabad State , 100 Rupees, 'Sea Salvage', 1st Issued in 1918, Khurdad Month, FE 1331, Printed in England, S. No. PS81187, Rectangular blue ink hand stamp on the left field, which reads “This note is of no monetary value. It was recovered in June 1932 by the Italian salvage vessel ARTIGLIO from the bullion room of the liner EGYPT sunk off Ushant on May 20, 1922, in a depth of 400 feet. ", Currency Note Sarkar-e-Aali ", promise text in three lines "YAKSAD RUPYE SICCA OSMANIA" in words in the center, Siyaq in the top left at the reverse, all in Urdu, (KJ & RR # 7.10.4), stains, tears, about extremely fine, Extremely Rare. Note: During the First World War, the S.S. Egypt collided with a cargo steamer in thick fog off the northwest coast of France in May 1922, sinking to a depth of 400 feet. The ship's cargo included gold valued at one million pounds. A group of salvagers formed the 'SORIMA' Salvage Company and hired the cargo ship 'Artiglio' with the mission to recover the gold from the S.S. Egypt. In June 1932, they successfully salvaged the gold along with unsigned Hyderabad banknotes in denominations of 5, 10, and 100. Of the 165,000 notes, the Nizam of Hyderabad, after lengthy negotiations through his advocates with SORIMA, repurchased 128,000 notes in July 1939. These notes were subsequently burnt in London. The remaining notes, printed by Waterlow & Sons, are either held by collectors or lost at sea.