K. R. K. Menon ₹1 first-issue note of 1949
Denomination: ₹1
Issuer: Government of India
Year: 1949 (ND, generally catalogued as 1949)
Signature: K. R. K. Menon, Secretary, Ministry of Finance
Issue: First post-Independence ₹1 issue
Catalogue: Jhun. & Razack 1.1.1 / Pick 71a depending on catalogue system
Colour: Grey-green
Watermark: Ashoka Pillar
Inset: Plain inset
Prefixes: B
Language panel: Eight Indian languages
Size: approximately 101 × 64 mm.
The small hole visible in your note is particularly interesting. These notes were originally issued in packets of 100 notes, which were sewn/secured with cord or thread. Consequently, thread/spindle holes occurring in the original position are recognised as an issue characteristic.
Heritage Auctions specifically describes the K. R. K. Menon 1949 ₹1 notes from an original bundle as having “spindle holes at issue” because the bundle was wrapped using string.
₹ 11,000.00
₹ 11,000.00
₹ 15,000.00