Banknotes Auction

Collectors are keen to grab the latest banknotes with the lowest possible serial numbers, with the prices paid reflecting interest in the notes that went into circulation in June.

A pair of rare 10-rupee banknotes that were recovered as they floated away from a shipwreck on their way from Bombay to London in 1918 are to be auctioned next Wednesday.

A bank note found in a charity shop was recently auctioned online for a whopping 1,40,000 pounds (Rs 1.3 crore). The news is going viral on social media with the users claiming the rare currency note was sold at nearly 1,400 times its original value.

Prime Minister Narendra Modi in November decided to scrap 500-rupee and 1,000-rupee banknotes in a bid to flush out cash earned through illegal activities, or earned legally but never disclosed.

The only surviving example of Australia's first official banknote exceeded expectations when it was auctioned for Aus$334,000 ($310,000), officials said on Thursday.

Australia's first banknote, printed 100 years ago and found in a letter in England in 1999, has gone on sale for 3.5 million Australian dollars (about Rs. 19.33 crore), auctioneers said on Wednesday.

Collectors are keen to grab the latest banknotes with the lowest possible serial numbers, with the prices paid reflecting interest in the notes that went into circulation in June.

A pair of rare 10-rupee banknotes that were recovered as they floated away from a shipwreck on their way from Bombay to London in 1918 are to be auctioned next Wednesday.

A bank note found in a charity shop was recently auctioned online for a whopping 1,40,000 pounds (Rs 1.3 crore). The news is going viral on social media with the users claiming the rare currency note was sold at nearly 1,400 times its original value.

Prime Minister Narendra Modi in November decided to scrap 500-rupee and 1,000-rupee banknotes in a bid to flush out cash earned through illegal activities, or earned legally but never disclosed.

The only surviving example of Australia's first official banknote exceeded expectations when it was auctioned for Aus$334,000 ($310,000), officials said on Thursday.

Australia's first banknote, printed 100 years ago and found in a letter in England in 1999, has gone on sale for 3.5 million Australian dollars (about Rs. 19.33 crore), auctioneers said on Wednesday.