Open data

What a gaddi of notes actually sells for

A gaddi is a hundred notes. We hold 155 completed sales of exactly that, across 6 denominations. Below are prices somebody paid, not asking prices.

A gaddi of ₹20 notes: median ₹4,500, which is about ₹45 a note. Its face value is ₹2,000, so that is 2.3×. Real, and nothing like lakhs.

Every denomination we have enough sales for

Note Gaddi sells for Per note Face value Multiple Sales
₹1 note ₹3,600 ₹36 ₹100 36× 58
₹2 note ₹3,700 ₹37 ₹200 18.5× 31
₹5 note ₹2,300 ₹23 ₹500 4.6× 14
₹10 note ₹4,000 ₹40 ₹1,000 4× 35
₹20 note ₹4,500 ₹45 ₹2,000 2.3× 12
₹50 note ₹9,500 ₹95 ₹5,000 1.9× 5

The pattern, and it is the opposite of what people hope

The bigger the note, the smaller the multiple. A gaddi of ₹1 notes fetches 36× its face value; a gaddi of ₹50 notes fetches 1.9×.

The reason is plain. ₹1 and ₹2 notes are rarely seen in circulation now, so collectors set their price — a face value of a rupee or two is no floor at all. A ₹50 note is everyday money, so its gaddi has its own face value as a floor and only a modest collector premium on top.

A hundred together is worth less per note than two together

From 328 multi-note sales. The more notes in a lot, the less each one fetches — a buyer prices the lot, not the notes in it.

Notes in the lot Price per note Sales
2 ₹1,100 39
3 ₹397 24
5 ₹606 30
9 ₹604 10
10 ₹311 13
100 ₹89 174

Mean price per note at each lot size. Small lots of scarce notes lift the top of this table — it is a guide to the shape, not a price list.

What counts as a gaddi here

Only sales where the recorded count is exactly one hundred. The word "bundle" is not enough — in our own parser it attaches to as few as two notes, and a table built on that assumption said a gaddi with ₹50,000 of face value sells for ₹6,150. The figure was real; the hundred was assumed.

One test settles every case: a real buyer never asks the seller for money. See what the RBI says and why asking prices mislead.

Take the data

The table above, as a file: CSV · JSON

Cite it as: The Currency Bazaar, "What a gaddi of notes actually sells for", 155 completed sales. https://thecurrencybazaar.com/gaddi-note-value

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