Top 5 Most Valuable Indian Rupee Coins (Pre-Republic)
1. 1911 King George V "Pig" Rupee (British India)
Significance: This is perhaps the most famous error coin in Indian history. On the king’s robe, the elephant was poorly designed and resembled a pig. This caused religious offense, leading the British to recall and melt most of the mintage.
Value: Surviving specimens in high grade (UNC) are extremely rare, with prices ranging from ₹3,00,000 to ₹15,00,000 depending on the mint and condition.
2. 1939 King George VI Silver Rupee (British India)
Significance: While 1939 rupees were minted in millions, almost all were withdrawn and melted down at the onset of World War II to conserve silver for the war effort. Very few escaped the melting pot.
Value: It is considered the "King" of British India silver rupees. A genuine 1939 Rupee can fetch anywhere between ₹2,00,000 and ₹8,00,000.
3. Akbar Silver Rupee with "Rupaya" Legend (Mughal Era)
Significance: While Sher Shah Suri introduced the "Rupiya," it was under Akbar that the denomination was standardized. Rare varieties from the Agra mint (dated AH 978 or Ilahi years) that explicitly feature the word "Rupaya" at the top of the legend are exceptionally rare.
Value: One such unique specimen was famously auctioned for approximately ₹13,00,000.
4. 1835 William IV Silver Rupee (East India Company)
Significance: This represents the first "Unified Coinage" of British India. Rare varieties include the "F" incused (for mint master Forbes) or specific "RS" (for Robert Saunders) marks. Proof restrikes and specific mint-marks from Calcutta or Bombay are highly prized.
Value: Depending on the variety and condition, these can range from ₹1,50,000 to ₹4,00,000.
5. 1862 Victoria Queen Silver Rupee - Rare Dot Varieties (British India)
Significance: In 1862, the Bombay mint used a "dot" system below the date to denote the year of actual production (since they kept the 1862 date for years). Certain combinations, like the "0/6 dots" or "0/10 dots," are extremely scarce.
Value: While common 1862 rupees are affordable, these specific rare die varieties can command ₹1,00,000 to ₹5,00,000 among specialist collectors.
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