1,600 items go under hammer at coins, stamp fair

Monday, April 23, 2018
By A Staff Reporter

Over the three-day show, the earliest coins struck in Mumbai and used in the city and neighbouring areas were on display. The gold and silver Hoan that is believed to have been showered over Chhatrapatti Shivaji Maharaj during his coronation at Raigad were on display for Mumbaikars to enjoy

Launched with an objective to impart and share knowledge and create interest for general public, students, scholars, collectors, hobbyists, buyers, sellers and investors. It’s being initiated with a purpose of reintroducing the joy and fun of coins, currency notes and stamps collection to the current millennial and youth in India and globally.

The 27th Annual Shukla Day Coin and Stamp Fair, which was slated from the April 20, 21 and 22, 2018, 10 am to 7 pm at the World Trade Center, Expo was a huge success with around 4K visitors.

Over the three-day show, the earliest coins struck in Mumbai and used in the city and neighbouring areas were on display. The gold and silver Hoan that is believed to have been showered over Chhatrapatti Shivaji Maharaj during his coronation at Raigad were on display for Mumbaikars to enjoy this visual treat. In the early 1920’s the British in India experimented with paper currency and introduced the rupee 2 and ½ note. Unfortunately the odd denomination note did not find favour with the masses and was rejected and eventually withdrawn from circulation. Also on display are the very large size Rs 1000 Rupee notes that were demonitised by the Moraji Desai government.

Over 100+ dealer stalls were exhibiting and sold their wares. The show had representation from all over the country. Also, at the 3-day coin show was an auction of coins and banknotes on Friday and Saturday.

Over 1,600 different items went under the hammer over the three day auction, spanning from the beginnings of Indian coinage, a silver punched mark coin about 2,400 years old from the Magadha Janapada period. These coins are estimated as low as Rs 3,000 ranging to Rs. 20,000. 1700 year old gold coins of Kushan Emperor and Emperor Chandra Gupta estimated from as low as Rs. 50,000 to the rarer variant for over 1 lakh. Indian coinage is replete with motifs of Gods and Goddesses such as Laxmi, Shiv, Tirupathi Balaji. And also symbols such as the swastik. Also represented are Nandi, Garuda, Ardhanareshwar etc. Included in the auction are many other silver and gold coins of Emperors Akbar, Jahangir and Shah Jahan ranging from Rs. 2,00,000 to as low as Rs. 1,000.

In the current economic scenario, the Indian numismatic market is getting stronger. Indian collectors and investors are buying coins and banknotes thereby ensuring that India’s rich monetary heritage and culture does not loose its shine or its investment potential.

www.mintageworld.com is a wonderful way to educate contemporary India and the world about their rich historical heritage, tradition & culture. This online museum imparts rare information such as detailed catalogue of global stamps, coins and currency notes all under one roof. Fascinating & interesting history section on coin issuing authorities, dynasties and rulers is one of the major highlight of this site.

More than 100 exhibitor's from all over the country were selling their wares. Over 1600 items went under that hammer.

The major highlights...

  • A 2 and a half Anna note was sold for Rs 2,95,000
  • Other than that pre independence British India, Portuguese India + French India currency notes were sold from 20,000 to 25,000 each.

In Coins :

  • A rare Chandra Gupta gold coin was sold for Rupees 1,10,000
  • Rare Moghul coins ranging from Akbar to Aurangzeb empires sold from 40,000 to 45,000 each
  • A rare Magadheera coin was sold for Rs 4000
  • British India coins got sold between 2000 to 15,000 per piece
  • Republic India coins : sold for 4000 to 5000 each
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