India 1940(b) rupee

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Ponterio sale 173, lot 1427
India 1940b rupee rev Ponterio 173-1427.jpg
from the Mountain Groan Collection
India 1940b rupee rev DSLR.jpg

The first specimen was lot 1427 in Ponterio sale 173 (New York, January 2013), where it sold for $1,528. The catalog description[1] noted, "INDIA. Rupee Restrike, 1940. Bombay Mint. NGC PL-63. Security edge. From the Sanjay Gandhi Collection." The minting of silver rupees was substantial during the first part of George V's reign but ended in 1922. A few presentation pieces were made 1935-36 but production for circulation did not resume until 1938. This type, with fineness lowered to .500 fine, was issued 1939-45. The bust was modified in 1942 (KM 557.1).

Recorded mintage: 153,120,000.

Specification: 11.66 g, .500 fine silver, .187 troy oz ASW.

Catalog reference: KM-556; Mitchiner-2035.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • Stevens, Paul, and Randy Weir, The Uniform Coinage of India, 1835 to 1947, A Catalogue and Pricelist, London, Spink & Son Ltd, 2012.
  • [1]Ponterio, Richard, Ponterio Sale 173: The January NYINC 2013 Auction, Irvine, CA: Stack's Bowers LLC, 2012.

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