NGC certifies rare Nazarana Mohur

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January 28, 2016 – Numismatic Guaranty Corporation® (NGC ®) has certified an extremely rare India-Jaipur 1945 Year 24 Nazarana Mohur. It has been graded NGC MS 64. 

India-Jaipur 1945 Year 24 Nazarana Mohur, graded NGC MS 64.

Issued by Jaipur in India in 1945, this Nazarana Mohur is struck in gold from the silver Nazarana Rupee dies. A “nazarana” is a presentation issue. Nazaranas were struck in limited numbers and this NGC MS 64 specimen is one of just a handful of Nazarana Mohurs struck during the reign of George VI.

Maharaja Sawai Jai Singh II, the founder of Jaipur, c. 1725.

Jaipur was a princely state in India that was allowed to maintain some independence by the British Government of India. The maharaja remained in power although the British had ultimate authority. Jaipur was authorized to issue coins for the State of Jaipur, which it started to do during the reign of Queen Victoria. These coins featured both the name of the British monarch and the local ruler of Jaipur in its written script.

Nazarana coinage was issued by the princely states for special occasions such as gifts, festivals, and weddings. The coinage could circulate like any other monetary issue at that time. Production dwindled during World War II, however, and nazarana issues, particularly those in gold, were struck in extremely limited numbers.

This NGC MS 64 example is the first of this rare date Nazarana Mohur to be certified by NGC. It was sold in a recent Stephen Album Rare Coins sale and realized $24,000 on a $11,000 estimate. 

For more information, please visit the site of Stephen Album.

This is the website of Numismatic Guaranty Corporation.

And here you will find the official Jaipur website.