Marudhar Arts Auction Features Rarities from India Certified by NGC and PMG

Many rare and valuable coins and banknotes from India certified by Numismatic Guaranty Company® (NGC®) and Paper Money Guaranty® (PMG®) are offered in the Marudhar Arts Auction #40, which opens on July 8, 2023. Marudhar Arts is an NGC and PMG Official Submission Center located in Bangalore, India.

The top NGC-certified coin in the auction is an India AH1028//13 Mughal Empire Mohul - Jahangir Zodiac - Pisces graded NGC VF 25 (lot 138). It has an estimate of ₹2,500,000 to ₹3,500,000 (about $30,000 to $42,000).

Click images to enlarge.

Emperor Jahangir introduced remarkable gold and silver zodiac coins, which were an elaborate departure from traditional Islamic coinage. While astrology and celestial beliefs depicted on the coins contradicted Islamic teachings and likely would have displeased traditionalists, Jahangir, who had previously challenged conventions with his portrait series, seemingly disregarded their objections. This is the highest-graded example of this coin in the NGC Census.

Other NGC-certified coins in this auction include:

• an India AH1073//5 Mughal Empire Mohur graded NGC MS 64 (lot 165) with an estimate of ₹75,000 to ₹100,000 (about $900 to $1,000)
• an India 1835(B) 1/4 Rupee - 20 Berries, No Initial graded NGC MS 62 (lot 452) with an estimate of ₹75,000 to ₹100,000 (about $900 to $1,000)
• an India 1740-1807 Madras Presidency Pagoda – Granulated Reverse graded NGC MS 63 (lot 406) with an estimate of ₹30,000 to ₹35,000 (about $400)
• an India 1913(C) Rupee graded NGC MS 65 (lot 535) with an estimate of ₹30,000 to ₹35,000 (about $400)
• an India (1747-84) Pagoda - Dutch graded NGC MS 63 (lot 374) with an estimate of ₹28,000 to ₹30,000 (about $350)

The top PMG-certified note in the auction is an India, Reserve Bank ND (1937) 1,000 Rupees graded PMG 35 Choice Very Fine (lot 657) with an estimate of ₹220,000 to ₹250,000 (about $3,000).

High-denomination British banknotes have long been sought after by collectors due to their rarity, historical significance and intrinsic value. These banknotes provide a tangible connection to a bygone era and offer insights into the economic and cultural landscape of the time, including this one, issued near the end of British rule in India.

Click images to enlarge.

Other PMG-certified noted in this auction include:

• an India / British Administration ND (1917-30) 100 Rupees graded PMG 25 Very Fine NET (lot 651) with an estimate of ₹125,000 to ₹150,000 (about $1,500 to $1,800)
• an India, Reserve Bank ND (1959-70) 100 Rupees - “Persian Gulf Note” graded PMG 25 Very Fine (lot 677) with an estimate of ₹100,000 to ₹125,000 (about $1,000 to $1,500)
• an India / British Administration ND (1917-30) 5 Rupees graded PMG 55 About Uncirculated (lot 637) with an estimate of ₹50,000 to ₹70,000 (about $600 to $800)
• an India / British Administration 1916-19 10 Rupees graded PMG 25 Very Fine (lot 629) with an estimate of ₹40,000 to ₹50,000 (about $500)
• an India / British Administration ND (1917-30) 10 Rupees graded PMG 35 Choice Very Fine (lot 644) with an estimate of ₹40,000 to ₹50,000 (about $500)

Estimates are provided by the auction house. The $ symbol indicates US Dollars.