Today, the humble one-rupee note turns 100 years in age. When it was issued in 1917, Re1 was equal to 10.7 gms of silver. Sushilkumar Agrawal, CEO, mintageworld.com, an online museum for coins, currency notes and stamps, said during festivals, a bundle of 100 Re1 notes is bought for as much as Rs15,000. “Re1 note is considered prestigious because people add Re1 when they are gifting someone, and notes are always preferred over coins in such cases,” he said. The Reserve Bank of India was unavailable for comments on the centenary year of the Re1 note.

Source: Hindustan Times November 29, 2017 19:26 UTC