Bank.notes

Collection Nepal #406

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1 Nepalese Rupee

Nepal 1946_1989 VF P-8 Needs review ✦ AI 88%
Front · IMG_7002.HEIC cropped
Back · IMG_7003.HEIC cropped
Pair check: not yet checked
Identity

Where & when

Country Nepal
Currency Nepalese Rupee
Denomination 1
Series name
Series year
Issue year
Era 1946_1989
Legal status demonetized
Subjects & design

What's on the note

Front portrait King Mahendra
Reverse subject Singha Durbar
Watermark
Color palette #2d5f3f,#f5f0e8,#1a1a1a
Themes monarch,architecture
Language / script Devanagari

Front: One Rupee note of Nepal featuring geometric guilloche patterns and ornamental design typical of early Nepalese currency. The denomination '1' appears prominently at center within an ornate frame with scrollwork and traditional Nepali decorative elements in the corners.

Back: King Mahendra Bir Bikram Shah Dev (1920–1972), the ninth King of Nepal who ruled from 1955 to 1972, depicted in profile wearing glasses and traditional cap. He is remembered for introducing the Panchayat system of governance and modernizing Nepal's infrastructure. The note also features Singha Durbar, the grand neoclassical palace complex in Kathmandu that serves as the seat of the Government of Nepal, built in 1908 by Rana Prime Minister Chandra Shumsher. The palace name appears in Devanagari script along with 'Nepal Rastra Bank' at top.

Production

How it was made

Issuer Nepal Rastra Bank
Issuer (native) नेपाल राष्ट्र बैंक
Printer
Engraver
Material paper
Dimensions (mm)

Security features: guilloche,microprint

Geography

Nepal in Asia

Nepal in Asia. Other countries on the same continent shown in muted grey.

The story

Background & history

This is a One Rupee note issued by Nepal Rastra Bank during King Mahendra's reign (1955–1972). The serial number '१२३००२०' is printed in Devanagari numerals. This series represents the early post-monarchy establishment period when Nepal was modernizing its currency system under the Nepal Rastra Bank, which was established in 1956. The note features traditional Nepali architectural and royal imagery. Based on the design style, portrait of King Mahendra, and the Devanagari serial numbering system, this note likely dates from the 1960s period. King Mahendra's image appeared on Nepalese currency throughout his reign until his death in 1972.

Catalogue

Collector references

Pick # 8
Krause ID
Rarity tier common
Series range
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade VF
Serial number १२३००२०

Note shows circulation wear with visible aging, minor staining, and some creasing. Paper remains intact with clear design elements.

Valuation

What it's worth now

$2–$8
Type default range $2–$8
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-10 06:45:33 2.0 8.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (1)
anthropic · claude-sonnet-4-5 2026-05-10 06:45:33
status: ok · step 1 · $0.0391 · 7311↓ + 1147↑ tokens
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