In 1920, Sir John Stanley, the Honorary Life President of the Society, acquired the library of Rev. G.P. Taylor and donated it to the Society. Thus it is named as ‘ G. P. Taylor Library’. The volume of books increased every year. The scholars and the members donated books. In 1964, some books were purchased from the grant received from the Government of India. Again, the Society was able to procure intermittent grants from the National Museum, New Delhi and other Government institution to buy the books. The Library is rich in its numismatic resources and prides to have some of the rare works undertaken by the most prominent numismatic of the past.

Further, the society needs more funds to maintain the reference numismatic library. The library is now being reorganized and a catalogue is prepared. Attempts are also being made to get grants from the Government and Public Trusts to re-augment the library.  The Library is open to all interested in the study of History, Culture in General, and Numismatic in particular. Presently, there are 5000 Books and 15 Journals of the Numismatic in this library.