ACKNOWLEDGEMENT

I would like to thank all visitors to the site who wrote valuable suggestions and comments on my Coin collection. The site now has new pages of Currency Notes and Stamps to showcase the collection of my family members.

World Banknotes are collected by my son-in-laws Shah Rokh Nanavatti and Faisal Qureshi.

Indian currency is collected by my daughters Rahat Nanavatti and Sabahat Qureshi.

Postage Stamps, topical thematic stamps, FDC, NPC, Miniature Sheets, Postal stationery etc. are collected by my son Ashfaque and grand-daughter Afrin and grand-sons Adil and Zain (Aiden)

I hope you will appreciate their collection and will write your comments. Thank you in advance.

Paper money collecting as a hobby

Banknote collecting, or Notaphily, is a slowly growing area of numismatics. Although generally not as widespread as coin and stamp collecting, the hobby is slowly expanding. Prior to the 1990s, currency collecting was a relatively small adjunct to coin collecting, but the practice of currency auctions, combined with larger public awareness of paper money have caused a little interest and values of rare banknotes.

History

Paper currency was first developed in China in the Tang Dynasty during the 7th century and was later introduced in the Mongol Empire, Europe, and America.

The banknote was first developed in China in the Tang Dynasty during the 7th century, with local issues of paper currency. Its roots were in merchant receipts of deposit during the Tang Dynasty (618–907),

the Song Dynasty paper money called “jiaozi”originated from these promissory notes.

The Ming dynasty had notes which are still found today. Those bluish tint notes of 14th century can be said to be the remain ants of the first notes of the world. These notes were called the ‘Flying Money’ because of their light weight and ability to circulate over a large area.

Banknotes in the Mongol Empire

The founder of the Yuan Dynasty, Kublai Khan, issued paper money known as Chao in his reign.

Banknotes in Europe

The first European banknotes were issued by Stockholms Banco, a predecessor of the Bank of Sweden, in 1661.

Banknotes in the United States

 In the early 1690s, the Massachusetts Bay Colony was the first of the Thirteen Colonies to issue permanently circulating banknotes. The use of fixed denominations and printed banknotes came into use in the 18th century.

Almost all countries of the world were issued their own notes into the early 18th century.

Banknotes in India

In India the first note appeared during 1857. Different private banks issued those notes. Of prominence were, Bank bambay, bank of Bangal, Commercial Bank of Culutta, The Union Bank etc, were issued the notes in the various denomination as 4 Rupees, 5 Rupees 10 Rupees, 16 Rupees, 20 Rupees, 50 Rupees, 100 Rupees, 250 Rupees, 500 Rupees and 1000 Rupees. All private banks issues ceased by 1862.

The note issued by the British Rulers during th period 1861-1947, with the signature of Banking Heads. These notes were issued from different places as Bombay, Culcutta, Allahad, Kanpur, Karachi, Lahore, Madras and Rangoon (for Burma state)

The first Post Independence notes appeared durng 1949. No notes during this period barring the One Rupee notes bear any date.

All notes are issued by the Reserve bank of India and all note above One Rupee denomination bear the signature of the Governor of RBI. The One Rupee notes have the signature of Secretary, Finance Ministry.

Polymer banknotes

In 1983, Costa Rica and Haiti issued the first Tyvek and the Isle of Man issued the first Bradvek polymer (or plastic) banknotes; these were printed by the American Banknote Company and developed by DuPont. In 1988

Thanks.