Description
๐ Basic Information
Country: India ๐ฎ๐ณ
Denomination: 500 Rupees
Year: 1987
Issuer: Reserve Bank of India
Catalog Reference: Pick #87b
Serial Number: 3AV 548449
Grading (on holder): Very Fine (VF 30)
Notes on condition: Staple holes + annotations (writing visible)
๐จ Front Design Details
Main Portrait: Mahatma Gandhi (right side)
Symbol of peace and independence
Languages Panel: Multiple Indian languages on the right
Ashoka Pillar (Lion Capital):
National emblem of India (center-left)
Denomination:
โ500โ in ornate design (top left)
Text Includes:
Reserve Bank of India
Guaranteed by the Central Government
Promise clause: โI promise to pay the bearerโฆโ
Signature: RBI Governor
๐๏ธ Visible Features on Your Note
โ๏ธ Handwritten number โ4โ on left side โ lowers value
๐ Staple holes (mentioned on grading label)
๐ด Red serial number printed twice
๐งพ Moderate wear (creases, handling marks)
๐จ Colors & Style
Dominant tones:
Green ๐ฟ
Brown ๐ค
Light beige background
Fine detailed patterns typical of older Indian currency
Traditional ornamental borders
๐ Condition (VF 30 โ Very Fine)
This means:
Moderate circulation
Noticeable folds and wear
Still complete with clear design
โ ๏ธ However:
Writing + staple holes reduce collector value
๐ฐ Estimated Value (2026 market)
With damage (like yours):
๐ approx. $5 โ $20 USD (โ 20โ75 AED)
Without damage (same grade):
๐ could reach $25 โ $60+ USD
๐ก Value depends heavily on:
Clean condition
No writing or holes
Serial number desirability
โญ Interesting Facts
This is from the pre-modern Gandhi series
Older 500 rupee notes like this were withdrawn after demonetization
Collectors value them for historical and design reasons, not for spending