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Rare Tipu coins to be auctioned this weekend

February 20, 2014 in Ancient Coins, Antique Coins, Auctions, Coins, Collecting, History, Indian Coins, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, World Coins

By: Special Correspondent. February 19, 2014  (http://www.thehindu.com/)

Extremely rare and unique silver coins issued by Tipu Sultan will come under the hammer in Bangalore this weekend as a Silver Double Coin, also called as “Haidari”, and a half Anna, have been put on the block by a Delhi-based collector.

These two coins are among many other rare coins from the collectors’ kitty that will be auctioned during the three-day National Numismatic Exhibition, organised by the Bangalore-based auction house Marudhar Arts, starting from Friday.

The “Haidari”, which weighs 23 grams, according to Rajendra Maru of the auction house, has come for auction in India for the first time in several decades. “The last time we heard about the coin was some years back when a fake Haidari was in circulation. There are less than 100 such coins known to be with collectors,” he added. It is being auctioned with a base price of Rs. 1.5 lakh.

The Haidari was issued on March 16, 1790 by Tipu Sultan in honour of his father Hyder Ali. The coin minted in Srirangapatna was equivalent to 32 copper coins. The other coin issued by Tipu Sultan is an extremely rare half Anna silver coin issued in 1785 that weighs just half a gram and is 7.33 mm in size.

Full article at the source>

Auction House  Marudhar Arts  website

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