George V Silver Indian Rupees (1912 - 1935) Description:
Struck for a total of only thirteen years at the Bombay and Calcutta mints, from 1911 until 1922, and again in 1935 and 1936, this lustrous silver rupee was minted under the direct authority of the Crown during the period of British colonial rule in India that lasted between 1862 until Independence in 1947. We also note that this coin series was issued during WWI which lasted from 1914 until 1918.
These Brilliant Uncirculated (MS64 to 65) coins never circulated and have retained luster and clean surfaces for nearly 100 years. The obverse features George's crowned bust facing left while the reverse shows the denomination and date within circle, enclosed within a wreath.
About George V King George V (George Frederick Ernest Albert; 3 June 1865 - 20 January 1936) was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until his death in 1936.
Why Buy? As an emerging economy with a deeply entrenched appreciation of precious metals, ancient coins, and history, Indian coinage has a tremendous amount of room to grow and many of the mint state and high-grade coins are being consumed by the collector market.
In addition, many collectors appreciate the silver rupee as a parallel to the U.S. Walking Liberty Half Dollar (struck 1916 -'47) as the dominate silver coin that spanned the WWI to WWII era.
The Pittman Act In 1918 the adverse balance of trade between the United States and India, in the face of the necessity of conserving and fortifying our gold reserves during the war, led to the passage of the Pittman Act, which authorized the Treasury to reduce silver dollars, in number not to exceed $350,000,000, to bullion and to sell it at a minimum price of $1 per fine ounce. At the same time the Secretary was authorized to enter into contracts with producers of silver, to buy silver at the price of $1 per fine ounce for the purpose of restoring the bullion taken from the Treasury and sold to exporters to India.