Fake Indian Coins and Currencies - Part 3 - Fake Currencies

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This article is on Fake Indian Coins and Currencies is Organised into 5 parts.
Part 1 - Fake Commemorative Coins
Part 2 - Fake Definitive Coins
Part 3 - Fake Currencies
Part 4 - Fake Error Coins.
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Like the fake coins, there are quite a few fake currency notes as well in circulation. There are quite a few fakes that are put into circulation by Unfriendly countries with the intention to destabilize our economy. These are difficult to detect as the design is same as that of the actual currencies. This section does not list such currencies, but rather lists the currencies that were printed to deceive the collectors.

1962 Rs 1 I J Patel Fake Note
There was no currency note printed in the year 1962. So the forgers came up with the brillint idea of printing one. They used a genuine note by I J Patel signed in the years 1968 to 1972 and reprinted the date to make it look like 1962. Saw this around Jan 2016.

1964 Rs 1 S Bhoothalingam Fake Note

Amongst the most expensive Rs 1 note. A bundle can cost a fortune. Saw this fake in 2015, where by a 1965 Bhoothalingam note is taken and the date reprinted to make it look like 1964.

Another type of fake that is printed using a standard printer

1982 Rs 1 Fake Note
There are quite a few Rs 1 note where the date is changed to an year when the note was not printed to make it scarce / rare. The Popular ones being 1982, 1995, 1996, 1997.

1995 Rs 1 Fake Note
The last Rs 1 note was printed in the year 1994 after which this was discontinued. However the 1995 Fake makes quite a few rounds in the market. The price it commands is quite high than some of the other genuine currencies. There are 1996 and 1997 as well.

CD Deshmukh Rs 5 Fake Note
These are quite popular with collectors. At times these go for as much as Rs 3,000 to Rs 4,000/-. CD Deshmukh was the RBI governor before Independence and continued as the first governor of RBI after Independence. Before Independence he has signed quite a few notes of denominations Rs 2, Rs 5, Rs 10 and Rs 100. After Independence the first note was of Rs 10. This was the only note signed by CD Deshmukh post Independence.

Type 2: 5 Deer’s

Type 3: 7 Deer’s
Images Comming Soon



CD Deshmukh Rs 10 Fake Note
As the original Rs 10 note was and is still quite expensive, there are quite a few of the replicas created to dupe the collectors. The most popular being 3 peacock and 1 peacock notes

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CD Deshmukh Rs 100 Fake Note
A Rs 100 denomination was never issued by CD Deshmukh. The only note signed by CD Deshmukh was the Rs 10. The first Rs 100 note was by second governor, “Benegal Rama Rau”. This fancy note goes with the description of Snake & Eagle. Another fancy note goes with the description of Snake & Eagle. Notice that it says East India Company. As to why CD Deshumkh would sign a note with East India Company when the Reserve Bank of India was already established is hard to imagine. But the unsuspecting collectors seldom have knowledge of things

Rs 2 Fake Note - Manmohan Singh
Another of printing technique, the RBI Logo have been reprinted on an Original Rs 2 Note signed by Manmohan Singh. The front side logo is reprinted on the back and the back side reprinted on front.

Rs 5 Fake Note – S Jagannathan - 5 Deers 
Seen in 2015, one of the deer's is reprinted to make the original design of 4 deer's look like 5 deer's.

Rs 10 Fake Note – 3 Peacock and 1 Peacock Varieties

The Original Peacock notes were issued beginning from around 1970 to around 1990 before the design was discontinued and the Shalimar Garden design was adopted. The Original Peacock notes have 2 Peacocks at the back [along with other animals] and were signed by S Jagannathan, K R Puri, M Narasimhan, I G Patel, Manmohan Singh and RN Malothra.

The Trick: Unlike the CD Deshmukh notes, the forgers this time followed a simple trick. They got hold of a genuine Note by these governors and reprinted a portion of the note. This is easy to do with a good quality scanner, a color printer and an image editing software. All one needs to do is scan the image of the note, edit such that one only copies the peacock. Put the note back in the printer and print off the 3rd peacock. After a few trial and errors, one would get an exact position. The colors themselves blend with the background and are difficult to identify as re-printed.

Authentic Tag: Now if one looks for tell tale signs like design details, the Watermark, the security thread, the feel of paper or other such feature’s they would all pass this test with flying colors, because the note is genuine. There were quite a few stories going about these notes as to they are actually errors or oddities and hence these are not catalogued.

To add some twist to the tale, the forgers at times took slightly used notes for reprinting so that it gives the note a more authentic look.
Some even challenged that show it to any banker and he would certify that these are original Notes.

They even post pictures of the note clearly showing the watermark and other details [see images below for one such instance]. Even when one is buying face to face, and see’s the note he is convinced that it’s a original note.

The Obvious: If you see enough samples of these notes, you would notice that the third peacock is not exactly at the same position; there is a difference at times in few millimetres. This is because individual notes are taken and printed, often leading to alignment mismatch.

The Original Note

S Jagannathan
Here the peacock from left upper hand is taken, scanned, cut and then reprinted on the bottom space to show it as a third peacock.

K R Puri
Here the Second peacock [upper right hand] is taken, scanned, cut and then reprinted on the bottom portion to give an impression of third peacock.

M Narasimhan
Similar to the KR Puri Note, the upper left hand peacock is used to create the third one.

RN Malothra
One Peacock:

One peacock is created by copying the tree feature from the bottom, notice closely the tree trunk; were the peacock should be present and you would see the additional tree portion. This is more easily identifiable.

Three peacock: Type A

This is similar to the S Jagannathan note were the peacock in the upper left side is used to create the 3rd peacock.

Three peacock: Type B

This is similar to the KR Pure note were the peacock in the upper left side is used to create the 3rd peacock. Notice in this the placement is more overlapping with the upper peacock, not sure it this is by error or on purpose.

Manmohan Singh

Also available in 3 peacock version with Manmohan Singh's signature.

More from Printing Techniques
There are quite a few variations of the printing techniques.
Recently [in Feb 2015] came across a bunch of Rs 10 notes that have one peacock in black and white or 3 peacocks in black and white. There is also a 2 boat variety incase anyone is interested.It is amazing as to how innovative people get.

IJ Patel
The I J Patel Rs 10 notes reprinted to get a two boats.

Fake Rs 20 - Bimal Jalan - Full Konark Wheel
Saw this one in 2015, advertised as full Konark Wheel. The standard design of Rs 20 Konark Wheel is the bottom portion is truncated by the design strip. However this fake has the full wheel reconstructed. Very innovative I would say

Fake Rs 20 - Small Full Konark Wheel
Another variation to the Konark wheel. This is better done and the Konark wheel is shrunk and reprinted.

Other Printing Techniques:
A simple paper and a black and white printer with some creativity and lots of naive collectors and then we have notes of Rs 5000, Rs 10000 and Rs 1000 easily available. And to lend authenticity to them, stamp some numbers etc on the back and or scribble something in the watermark window and presto you have a rare fake note ready for naive collectors.

Gulf Haj Notes Fakes of Rs 100

Fake Error Notes:
A new type of Error notes being circulated in the market. There are genuine Number errors where the number on the note does not get printed at its correct location, however in this the correct numbers notes are taken, additional number is printed to make it look like error with double numbers.

Rs 1 Signed by S Venkatirmanan

Rs 5 HV Iyengar

Rs 10 HV Iyengar

Rs 100 S Jagannathan

Rupees Two Annas Eight
One of the most sought after note of British India is the Rupees Two Annas Eight note. It’s an odd denomination but was quite common. The Original note is quite rare and expensive. This makes this note very popular with the collectors. However taking advantage of this, there are quite a few fakes of this note. Some are quite good and that even experts need a close look to determine it as fake.