udaipur currency collectors in udaipur are in a dilemma over the governments dictum on keeping banned notes if they stick to their possession they risk seizure and penalty and if they surrender they lose records mewar philatelic society a 28yearold organization having over 100 members has written to the prime minister seeking exemption from the provisions of seizure and penalization for possessing old 1000 and 500 rupee notes vinay bhanawat the founder of the organization who himself holds 22 world records under various categories of currencies and coins has recently written to the prime minister currency collection has been my hobby for 45 years now and i have 67 bank notes of old 500 denomination and 56 notes of 1000 rupees all having special serial numbers their total value is rs 57500 and if as per the new provision my collection is seized not only do i lose precious collections but may have to pay 10 times the fine of the amount seized bhanawat says the 60yearold numismatist has a vast collection of fancy numbers and special series notes he has a coin of rs 150 issued on of rabindranath tagores 150th birth anniversaryhe has 90000 bank notes ending with 786 worth rs 1133595 that he collected between february 2008 and september 2012 bhanawat also has a collection of 1008 defective notes varying between rs 1 and rs 1000 denomination issued by the rbi these notes have rare defects like missing serial numbers mark shifts misprints and amount to a value of rs 33195 the notes may be trash now for the common man and the government but for those like me who have dedicated a lot of time and money to collect them cannot afford to part from them bhanawat saysother currency collectors too demand exemption from the law debarring a person to possess old currency notes our collection is the outcome of passion and not any black money we request the government to exempt people like us who have taken much pain to follow their passion of preserving special notes philately society members said