100 Ngultrum

Features

Location	Bhutan
Issuing institution	Royal Government of Bhutan
King	Jigme Singye (1972-2006)
Type	Standard circulation banknotes
Year	1974
Value	100 Ngultrums (100 BTN)
Currency	Ngultrum (1974-date)
Composition	Paper
Size	156 × 74 mm
Shape	Rectangular
Demonetized	Yes
Number	N# 218495
References	P# 4 Standard Catalog of World Paper Money (10 volumes).

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Obverse

Potrait of Jigme Singye Wangchuck.
Watermark window at left.
Buddhist wheel of dharma at right.
Serial Number at right-top and left-bottom.

Scripts: Latin, Tibetan

Reverse

A picture of Tashichho Dzong.
Watermark window at right top.
Picture of dragon bellow watermark window.

Script: Latin

Lettering:
ROYAL GOVERNMENT OF BHUTAN
100 Nu
ONE HUNDRED NGULTRUMS

Watermark

4-Petaled symbol, the Dorje

Signature

Ashi Sonam Wangchuk (ASW), Chairman

Printer

India Security Press, Nashik, India (1925-2006)

Comments

Printer: India Security Printing (without imprint)

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Date	Signatures				VG	F	VF	XF	AU	UNC
Undetermined
ND (1974)	ASW						$ 1500			$ 17 000

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

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Numista Rarity index: 97 Search tips

This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Past sales

Pictures	Sale	Date	Grade	Sold price
	Heritage Auctions 2016 December 7 - 9 HKINF World Currency Signature Auction - Hong Kong 3550 Lot 26109	7 Dec 2016	UNC (PMG 65 EPQ)	USD 21 510.00 (incl. buyer's premium)
© Heritage Auctions
	Heritage Auctions 2014 April 24 & 28 CSNS World Currency Signature Auction - Chicago 3525 Lot 21032	24 Apr 2014	UNC (PCGS Gem New 65PPQ)	USD 7050.00 (incl. buyer's premium)
© Heritage Auctions
	Multiple sales of the same specimen: Stacks Bowers December 2025 Hong Kong (SAR) Auction Lot 40013	12 Dec 2025	VF (PMG VF25)	USD 1560.00 (incl. buyer's premium)
© Stacks Bowers
	Heritage Auctions 2021 January 21 - 22 FUN World Paper Money Signature Auction - Dallas 4028 Lot 28040	21 Jan 2021	VF (PMG VF25)	USD 1560.00 (+ buyer's premium)
© Heritage Auctions
	Heritage Auctions 2020 January 9 - 13 FUN World Paper Money Signature Auction - Orlando 4021 Lot 28450	9 Jan 2020	VF (PMG VF25)	USD 990.00 (incl. buyer's premium)
© Heritage Auctions
	Stacks Bowers January 2019 NYINC Auction Lot 30045	11 Jan 2019	VF (PMG VF30)	USD 840.00 (incl. buyer's premium)
© Stacks Bowers
	Heritage Auctions 2017 June 21 - 23 HKINF World Currency Signature Auction - Hong Kong 3555 Lot 26005	21 Jun 2017	VF (PMG VF30)	USD 896.25 (incl. buyer's premium)
© Heritage Auctions