Previous Lot Next Lot

Auction: 24009 - World Banknotes
Lot: 387

(x) Banco Nacional Ultramarino, Portuguese India, [Top Pop] specimen 100 Rupias, Nova Goa, 11th January 1938, serial number A000000,
the Banco Nacional Ultramarino (BNU) was established in Lisbon in 1864 and opened a branch in Nova Goa in 1889, playing a crucial role in the local economy by providing financial services to merchants and colonial administrators. The bank's issuance of currency notes ensured monetary stability as Goa transitioned from barter systems to a more structured economy.

This 100 Rupee banknote from Portuguese India, issued by the BNU in 1938, is a remarkable specimen that reflects both the colonial currency system and the region's cultural heritage. It is part of the series known to collectors as the "series of elephants." Printed by Thomas De La Rue & Co., a British security printing company known for its high standards, this note exemplifies the historical context of its issuance.

Prominently featured on the note is a striking depiction of an elephant, a symbol of wisdom and strength that is deeply embedded in Indian culture. Revered throughout the country, elephants are often seen in vibrant processions, adorned in colourful cloth and intricate ornaments. Their presence in celebrations resonates with joy and devotion, particularly during festivals like Ganesh Chaturthi, when they embody the spirit of Lord Ganesha, bringing blessings of prosperity and knowledge.

The design of the note captures this cultural significance. The elephant symbolizes not only strength and prosperity but also emphasizes the region's connection to India. The note incorporates a combination of Portuguese and local scripts, reflecting the multilingual context of Goa during the colonial period.

Historically, elephants played a vital role in daily life in India, serving as the backbone of transportation and labour. They assisted in industries like timber and were revered companions on battlefields. Their ecological importance is equally notable, as they traverse dense forests, creating pathways for other wildlife and promoting biodiversity, thereby maintaining the delicate balance of ecosystems.

In contemporary times, elephants have become symbols of conservation efforts, attracting tourists eager to witness their grandeur in the wild.

(Pick Unlisted similar to 29s for type, Jhun&Rez 12.28.1, BNB 323s), in PMG holder 64 Choice Uncirculated, previously mounted, Iconic and pleasing design, rare (0 finer)

Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium.

Sold for
£6,500