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India Banknote 500 rupees 1987 DIM 50 AED

Name: India Banknote 500 rupees 1987 DIM 50 AED
Price: 50 AED
Availability: InStock

AED 50

tarek

4.4

352 items live

Item Details

Age

10+ years

Condition

Almost no noticeable problems or flaws

Usage

Used an average amount, as frequently as would be expected

Posted on: 25th March 2026

Description

📌 Basic Information
Country: India 🇮🇳
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)
🎨 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:
“500” in ornate design (top left)
Text Includes:
Reserve Bank of India
Guaranteed by the Central Government
Promise clause: “I promise to pay the bearer…”
Signature: RBI Governor
🖋️ Visible Features on Your Note
✍️ Handwritten number “4” on left side → lowers value
📌 Staple holes (mentioned on grading label)
🔴 Red serial number printed twice
🧾 Moderate wear (creases, handling marks)
🎨 Colors & Style
Dominant tones:
Green 🌿
Brown 🟤
Light beige background
Fine detailed patterns typical of older Indian currency
Traditional ornamental borders
📊 Condition (VF 30 – Very Fine)

This means:

Moderate circulation
Noticeable folds and wear
Still complete with clear design

⚠️ However:

Writing + staple holes reduce collector value
💰 Estimated Value (2026 market)
With damage (like yours):
👉 approx. $5 – $20 USD (≈ 20–75 AED)
Without damage (same grade):
👉 could reach $25 – $60+ USD

💡 Value depends heavily on:

Clean condition
No writing or holes
Serial number desirability
⭐ 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Older 500 rupee notes like this were withdrawn after demonetization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