KARACHI (September 2025) – Did you know that an old Rs. 100 note from 1948 could be worth lakhs of rupees today? Collectors and numismatics enthusiasts consider this note a historic treasure because it was issued right after Pakistan’s independence, making it extremely rare and highly valuable.
If you happen to discover one of these notes in your home or family collection, it may turn out to be a fortune waiting to be unlocked.
Why the 1948 Rs. 100 Note Is So Special
The 1948 Rs. 100 note holds a unique place in history. It was among the first notes issued after Pakistan’s independence when the Reserve Bank of India (RBI) was still handling Pakistan’s currency, before the State Bank of Pakistan was established.
Key features that make it rare and valuable:
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Year of Issue: 1948 (transitional period after partition)
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Small Prefix Serial Numbers: Notes with one or two-letter prefixes (like “A/1” or “AB/23”) are much rarer than those with three letters
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Governor Signatures: Notes signed by RBI governors such as C.D. Deshmukh or H.V.R. Iyengar fetch higher values
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Special Marks: Star prefixes, misprints, or ultra-low serial numbers (like “000001”) can increase the note’s worth several times
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Condition Matters: “Uncirculated” (UNC) or “Brilliant Uncirculated” (BUNC) notes, with no folds or damage, are the most valuable
Current Market Value of the 1948 Rs. 100 Note (2025)
The price of this note depends on its condition, prefix, and rarity. Here’s an estimate of what collectors are paying today:
| Condition | Estimated Value (PKR) |
|---|---|
| Circulated (Good/Very Good) | Rs. 50,000 – 1.5 lakh |
| Uncirculated (UNC) | Rs. 5 – 8 lakh |
| Small Prefix + Star/Low Serial | Rs. 8 – 12 lakh |
| Rare Misprints | Up to Rs. 15 lakh |
👉 According to recent auctions, well-preserved UNC notes with special prefixes have reached multi-lakh bids, showing strong demand in the collector’s market.
Historical Significance
These notes are more than just currency – they are a symbol of Pakistan’s birth. Issued during the post-partition transition, they carry both Urdu and English inscriptions, representing the country’s evolving identity.
Due to limited printing and decades of circulation, very few notes have survived, making them a collector’s dream worldwide.
How to Sell a 1948 Rs. 100 Note
If you own one of these notes, here’s how to safely sell it for maximum value:
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Verify Authenticity – Consult a numismatic expert or use grading services like PMG (Paper Money Guaranty).
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Check Condition – Folds, tears, or stains can reduce value. UNC notes fetch the highest prices.
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List Online – Use trusted platforms like eBay, CoinBazzar.com, or BidCurios.com. Upload clear photos of both sides, including serial numbers.
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Set the Right Price – Research recent sales to avoid underpricing.
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Use Secure Payments – Always opt for bank transfers or PayPal to avoid scams.
Final Thoughts
The rare 1948 Rs. 100 note with a small prefix is not just paper money – it’s a piece of Pakistan’s history. With prices ranging from Rs. 50,000 to Rs. 15 lakh, depending on rarity and condition, it has become one of the most sought-after collectibles.
If you have one tucked away in an old wallet, trunk, or family heirloom, it could be your chance to turn history into wealth.