Banknote Reporter

AUCTIONS

Rare Indian Bank Notes From Shipwreck Double Estimate

Two 10-rupee bank notes that were recovered from the wreck of the SS Shirala, which was sunk by a German U-boat on July 2, 1918, sold for more than double their pre-sale estimates at Noonans Mayfair on Wednesday, May 29, 2024, in a sale of World bank notes. They were each estimated at £2,000-2,600 but fetched hammer prices of £6,500 and £5,500 respectively [lots 474 and 475].

As Andrew Pattison, Head of Banknotes Department at Noonans commented: “The two notes were bought by collectors of Indian

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