A coin of Hoge in India has reportedly hit a low of over Rs 10,000 on the black market.
The coin, the oldest in existence, was minted by a dealer named Gajendra Singh in 1878, according to the Hindu newspaper.
It is said to have struck the symbol of the Hindu god Vishnu, the Hindu holy book and the Bharat Ratna, which is the Hindu script used to certify that a person is an official.
The story of the coin’s fate is said by the Hindu to have been spread by some “insiders” during the course of a five-month-long scam in 2013.
The currency’s current value is around Rs 20,000 and it is believed that its value may be halved at the end of February.
The coins circulation was halted for a short period due to a spike in the value of the rupee, but it has been reinstated.
“It is still very early in the hoge’s journey to its final destination,” Gajendra Singh told the Hindustan Times newspaper.
“I have been a coin dealer for a long time.
The story of hoge was my first big deal,” he added.