Many people will tell a collector to
buy the book before buying the
coin. Numismatic literature
reflects in a lot of ways for a coin collector. It helps in
learning very rare coins or any coins that one may like
to collect. A coin itself can provide limited information
on its history but a major part of it could be learnt only
by referring books. One would like to know, what have
the collectors in the past come up with, and what they
have come up with is quite in a way with literature.
Marudhar Arts houses one of the most exhaustive
library of literature related to Numismatics where one
can access more than 2000 books on Philately,
Notaphily, Arts & History. Auction catalogs, Journals,
Paintings, Antiques and lots more.
A decent numismatic literature collection will always
go a long way towards keeping a coin collector tied to
the hobby.
A place to Learn, Collect and Grow with Hobby
A place to Learn, Collect and Grow with Hobby Indian currency is as historic as the Indian civilization. Currency in the form of punch-marked coins existed even before Christ.
Coinage can be traced back to as early as the 6th century BC, in the earliest of civilizations in India. This history of coins and
notes is as interesting as it is long.
Here are some interesting facts about Indian currency:
1.) Currency has existed in the form of coinage in India since the 6th century BC. The Ancient, the medieval and the Mughal period all
used currency in the form of coinage. The most notable was Sher Shah Suri's Rupiya, which became the precursor of the modern rupee.
2.) Paper money was first issued in the late eighteenth century. Bank of Hindostan, General Bank in Bengal and the Bengal Bank are the
first banks to have issued paper currency.
3.) Government of India's first set of notes was the Victoria portrait
series. For security reasons, the notes of this series were cut in half;
one half was sent by post, and upon confirmation of receipt, the
other half was sent. They were replaced by the Underprint series in
1867.
4.) The Reserve Bank of India was formally inaugurated in 1935 and
was empowered to issue Government of India notes. The first note
issued by the RBI was a five rupee note bearing King George VI's
portrait.
5.) The one rupee note was the first banknote printed by
independent India.
6.) 10,000 rupees is the highest denomination RBI has printed in its
history. 1,000 rupees and 10,000 rupees notes were in circulation
between 1938 and 1946 but were eventually demonetized.
7.) 1,000 rupees, 5,000 rupees and 10,000 rupees notes were
reintroduced in 1954 and demonetized in 1978.
8.) Denominations of 1 paise, 2 paise, 3 paise, 5 paise, 10 paise, 20
paise and 25 paise were in circulation till June 30, 2011 but were
then withdrawn.
9.) 50 paise coins are still in circulation. They are called small coins
while the other denominations are known as rupee coins.
10.) Mahatma Gandhi (MG) series notes introduced in 1996 are
being replaced by the MG series 2005 notes with some additional
security features. Pre-2005 banknotes can be exchanged at any
bank branch till June 30, 2015.
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