First banknotes of independent Pakistan
COLLECTION AVAILABLE FOR DH20,000, SINGLE NOTES FROM DH1,000
A n exhibition displaying the first banknotes of independent Pakistan will be showcased in Dubai, on the occasion of Pakistan Day on March 23.
Displayed at Numisbing, a Dubai-based specialised numismatics company in Deira, the exclusive collection will give collectors and connoisseurs the chance to acquire a part of Pakistan’s history.
People interested in getting a glimpse of this unique showcase can visit the showroom during the week, while others interested in obtaining a piece of history can buy the entire collection for Dh20,000.
The collection consists of a set of five notes in denominations Rs1, Rs2, Rs5, Rs10 and Rs100. Collectors can also purchase individual notes, which start from Dh1,000.
Investment
“Obsolete banknotes can be worth anywhere from $10 to $10,000 (Dh36,732). The value is based on the condition, denomination, bank of issue and many other criteria. Banknotes could be a better investment than real estate, gold or stocks,” said Ramkumar, professional numismatist and founder of Numisbing.
However, Ramkumar explained that not everyone buys banknotes for investment purposes. “Many are just interested in retaining the piece of history and passing it on to generations. Whatever the reason, it’s always fascinating to collect old currency notes,” he added.
“Banknotes are also a genuine
artefact of the past, capturing exciting areas in the world history. The serious, organised collecting of paper money dates back to the early to mid-20th century. Today, it’s one of the fastest growing areas of numismatics,” said Ramkumar.