This Lot is closed.
- P-Auction # 29
- Bids: 34
|Start Price 80000||Estimated Price 80000-100000|
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|Grade (if Slabbed)||25||Year||1920|
Hyderabad State, 1920/FE 1331, 5 Rupees, 'Sea Salvage', 1st Issue, S. No. LQ 064148, in top center "Currency Note Sarkar-e-Aali" in Urdu, promise text in two lines above and below, central denomination panel with denomination reading in the center "PAANCH RUPYE SICCA OSMANIA" and "PAANCH RUPAYE" in Urdu in lower two corners, For the Government in Urdu in a panel on lower right and signature panel in lower left, date in bottom center, denomination in numerals in Siyaq, Telugu, Marathi, Kannada and English in a panel on either side, (KJ & RR # 7.5.4), folds, repaired, pieces added, graded by PMG as 25 Very Fine NET, Extremely Rare.
Note: During the First World War, S.S. Egypt collided with a cargo steamer in thick fog north-west of France in May 1922. The Ship sank to a depth of 400 feet. It had in its cargo Gold valued at One Million Pounds. Few Salvagers formed a Salvage Company called 'SORIMA', they hired a cargo ship called 'Artiglio' with the sole purpose of salvaging the One Million Pound worth of Gold in SS Egypt. In June of 1932 they were able to salvage the gold and along with it the unsigned notes of Hyderabad in denominations of 5, 10 & 100. There were a total of 1,65,000 notes of which after protracted negotiations through his advocates with 'Sorima', the Nawab of Hyderabad bought back 1,28,000 notes in July 1939.These bank notes were burnt in London. The remaining notes are either with collectors or are missing under the sea. These notes were printed by Waterlow & Sons.