Devkaran Nanjee HM Mint Silver bar

[repindia]

I recently purchased this 10 Tola silver bar from the HM Mint Bombay and distributed by Devkaran Nanjee. I bought this since there was the original receipt of it's purchase from the same distributor. How cool is that!

It showed that the rate of silver was 9 annas to a tola and the 10 tola bar itself was purchased for Rs 5-10 in 1938.

I was intrigued since the Indian Rupee coins even in 1938 were of tola weight and 90% silver, and so logically a tola of pure silver should cost 14-1/2 annas. Even accounting for a premium for the bar, it should not cost more than 15 annas. It shows how strong the Rupee was (or how cheap the silver was) at that time.

[Abhay]

Just for your information, Devkaran Nanjee was later converted to DENA Bank.

Just compare your bar with the current Logo of the Bank. Goddess Laxmi is the same.

Abhay

[repindia]

Yeah...I had read that before but forgotten.  Thanks for reminding me.

I do not know how scarce these are. I have one extra and want to know if I should keep it with me or sell.

Here is another 5 Tola one which I pictured today.

[repindia]

Some other silver bars.