Rare 1 Rupee 1987 Oil Rig Sagar Samrat S Venkitaramanan Government of India Republic India Note # A575

A One Rupee note of the Government of India dated 1987, from the long-running small-denomination series issued by the Ministry of Finance rather than the Reserve Bank. The face carries the bilingual "Government of India" heading, the one rupee coin vignette with the Ashoka Lion Capital, and the signature of Finance Secretary S. Venkitaramanan; the back shows the Sagar Samrat offshore oil rig with the denomination in the language panel. Serial number 26P 877897.

• Denomination: One Rupee, Government of India issue
• Year printed on the reverse coin: 1987
• Signatory: S. Venkitaramanan, Finance Secretary
• Material: paper; reverse design shows an offshore oil rig
• Serial: 26P 877897, inset letter A
• Condition: Fair, heavily circulated with folds, soft rounded corners, small edge nicks and a blue ink mark in the watermark area

The images show the actual note the buyer will receive.

Step back into the economic history of late-1980s India with this fascinating Government of India One Rupee note, issued in 1987. Unlike most modern Indian currency managed by the Reserve Bank, this small-denomination note was directly minted and distributed by the Ministry of Finance. It features the iconic vignette of the one rupee coin complete with the Ashoka Lion Capital and proudly bears the autograph of distinguished Finance Secretary S. Venkitaramanan. Flipping the note reveals a captivating reverse design showcasing the Sagar Samrat, India's pioneering offshore oil rig, symbolizing the nation's industrial progress. Numismatists and paper currency enthusiasts prize this issue for its unique Ministry of Finance pedigree and thematic industrial imagery. Graded as Fine in heavily used condition, this authentic piece displays the honest folds, softened edges, and circulated character expected of a vintage transaction survivor. Because you receive the exact item photographed, it makes a wonderfully tangible addition to any growing Republic India paper money collection or a thoughtful gift for history buffs.