Heritage Auctions

Auction 4022  –  23 April 2020

Heritage Auctions, Auction 4022

World Paper Money

Part 1: Th, 23.04.2020, from 5:00 PM CEST
Part 2: Th, 23.04.2020, from 7:00 PM CEST
The auction is closed.

Description

India Princely States Hyderabad 1000 Rupees ND (1930) Pick S267b Jhunjhunwalla-Razack 7.12.1 PMG Gem Uncirculated 66 EPQ. Exceptional eye appeal is present on this high grade Waterlow & Sons printed large denomination issue. This example currently shares the highest grade in the PMG Population Report with two others. Hyderabad was the largest and most populous of all of the princely states of India. When the British left the Indian subcontinent in 1947, they offered the Princely States the option of either joining Pakistan, joining India, or staying independent. The leader of Hyderabad wanted to keep his country independent. However, India felt differently as they could not possibly have a hostile state within their borders. India decided to assimilate Hyderabad into the Indian Union, even if it was by force. Most of the other 565 princely states had already joined India or Pakistan voluntarily by this time. On September 13, 1948, "Operation Polo" (Hyderabad had 17 polo fields at the time) began as the Indian Army invaded. Hostilities were over on September 17th when Hyderabad capitulated. The typical spindle holes at issue are noticed on this grandly sized note.

HID09801242017

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Price realized 8'000 USD
Starting price 4'700 USD
Estimate 7'200 USD
The auction is closed.
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