On the occasion of the hundredth anniversary of India’s first “One Rupee” note which was issued on 30th November 1917, www.mintageworld.com : World’s first Online museum of Coins, Stamps and Currency Notes will offer you a momento of the original note along with the actual One Rupee note issued in 2017. This momento also will enlighten u on the glorious historical journey that this smallest paper money note from India has traveled since its official launch in 1917 till now.
The Fascinating Global Journey & interesting facts about the Indian “1 Rupee” note since its launch from 30/11/1917 to 30/11/2017 across its 100 years of tenure..
The Government of India issued currency notes for the first time in 1861. But the most fascinating and important amongst all those notes was the “One Rupee” note which was issued for the first time as a promissory note on 30th November 1917. It was printed in England & depicted a silver coin image of King George V on the left corner of it. The words ‘I promise to pay the bearer the sum of One Rupee on demand at any office of issue’ was printed on it
This smallest paper denomination note from India has travelled through a Glorious historical journey globally , since it was issued in 1917. Some of the its key highlights are as follows
- Since 1917 to 2017 there have been 125 different one rupee notes that have been issued for circulation with different serial numbers & signatures
- The design of a one rupee note has changed 28 times since the past 100 years
- The first 1 Rupee note launched on 30 /11 / 1917 was the only promissory note with the text “ I promise to pay” .printed on it. After that there has been no other 1 Rupee note from the Government of India till date with that text on it.
- The Top 3 One Rupee notes which has been the highest selling in the world till date & currently very much in demand are :
- Republic of India specimen note 1 Rupe of 1985 signed by S.Venitaramanan. Sold for INR 2,75,000 at Classical Numismatics Gallery. On 21st January 2017
- Republic India Specimen note of 1 Rupee of 2015. Unsigned by the Finance Secretary Sold for INR 1,50,000 at Classical Numismatics Gallery, on 1st April 2017.
- 1 Rupee Note of 1944, the 1st issue of British India, which was signed by C E Jones, a pack of 100 was sold for INR 1,30,000 on 24th at Todywalla Auctions in October 2009
- Till 1970 This Indian one rupee note was also used as a currency in Persian & Gulf countries like : Dubai, Bahrain, Muscat, Oman etc. These notes used at that time have a current value of Rs 20,000 to 30,000 per note in the collectors market.
- The Portuguese and French were so fascinated by the Indian one rupee note, that they issued their own one rupee note. The Portuguese Nova Goa notes were issued in 1917. In the year of 1924 and 1929, they were issued again with major changes. The French issued one ‘Roupie’ in 1919.
- In 1945 , the “ 1 Rupee Notes” were circulated in Burma with a red overprint for the Armed forces, while in 1947, it was issued for Burmese Civilian and Nationals
- The 1 Rupee note was so fascinating that even the Princely states of India issued One rupee notes of their own. For eg : Osmania, Hyderabad issued a one rupee note in 1919 and later in 1943 and 1946. In 1877 ‘Shirkar’ One rupee notes were issued in Kashmir.
- In 1948, Government of India issued another one rupee note signed by Finance Secretary K.R.K. Menon with black overprint and it was circulated in Pakistan, these notes were however demonetized in 1949 post the partition
- Though all other denomination of Notes of the Republic India has the signature of the Reserve Bank of India Governor. The one rupee note is the only note that bears the signature of Finance Secretary of India since its issuance from the Republic India
- 1 Rupee Note is the only denomination note with the text “ Government Of India” printed on it , all other currencies have ‘Bharatiya Reserve Bank‘ and ‘Reserve Bank of India’ printed on them.
- To celebrate the Birth Centenary of Mahatma Gandhi, the issue of 1969 portrayed a commemorative coin on the 1 Rupee note. Significant changes were introduced in 1981 included design of oil Rig ‘SagarSamrat’ and the signature was printed in ‘Devanagari’. The design of one rupee note remained unchanged till 1994. Later, due to high cost of its production this note was discontinued in 1995, the Reserve Bank of India resumed printing it after 21 years in 2016.
- In the reign of “British India” there has been 5 Signatories who have signed on a One Rupee Note.
- The One Rupee note of Republic of India has in total 21 Signatories till date signing on the 1 rupee note across various time intervals
- The new Star series of One Rupee Note was introduced in 2015.
- The new Telescopic Series of One Rupee Note was introduced in 2017.
- Till date there has been 8 Signatories of Indo & French and Portuguese territories who have signed on a 1 Rupee note
- Till date there has been 10 Signatories of Indian Princely States (Hyderabad and Jammu & Kashmir) who have signed on a 1 Rupee note
- Total Colonial Signatories in it are 23.
- Total Signatories till today on One Rupee Note: 44.