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Showing posts from April, 2017

The Man Behind Bombay Mint - Captain John Hawkins

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The Bombay Mint stands as an important landmark in the history of modern coin production in India, but behind its transformation was one man whose efforts spanned more than a decade.  In 1830, a fully steam-powered mint began operations in Bombay, bringing modern mechanical technology to Indian coin production. At the centre of this remarkable development was Captain John Hawkins of the Bombay Engineers. The story of the new Bombay Mint began well before the first coin was struck. At the beginning of the nineteenth century, coin production at Bombay was still largely dependent on traditional methods. The need for a modern, mechanised mint had become increasingly apparent, particularly as the East India Company sought greater efficiency and uniformity in its coinage. Hawkins, who was closely associated with the Bombay Mint, became one of the strongest advocates for introducing modern machinery. In 1821, Hawkins wrote to the Court of Directors of the East India Company drawing attent...

Know the Mintmarks on Coins of India

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Every coin minted in India bears a mint mark, a unique symbol that identifies the mint where it was produced. Mint marks primarily serve the purpose of traceability, enabling the issuing authority to identify the origin of each coin. India currently has four Government Mints, some of which trace their origins to the pre-Independence era. The newest of these is the Noida Mint, established in 1988. In the past, India occasionally faced shortages of circulation coins and relied on foreign mints to supplement domestic production. Today, however, the country has sufficient—and often surplus—minting capacity to meet its own coinage requirements through its four Government Mints. In addition to producing India's circulation and commemorative coins, the Noida Mint has also undertaken the minting of coins for several foreign countries. Mint marks carried by coins minted in India: Calcutta / Kolkata Mint: Established in 1757; Mint marks:  No mint mark K - stands for Kolkata (since 2026) Bomb...

How India Adopted the Decimal Coinage System in 1957

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The Indian coinage went decimal on April 1, 1957, ten years after India gained Independence from British rule. Although coins have been used as units of monetary value in India for centuries, the history of modern Indian coinage is largely a story of the past two hundred years, beginning with the coinage systems developed under the East India Company, the precursor to the British Raj. Independence in 1947 brought political freedom, but the country initially retained the inherited non-decimal monetary system. Thus, even the first coins of the Republic, introduced in 1950, continued the traditional rupee-anna-pice system. The journey from 16 annas to 100 paise was finally completed on April 1, 1957, marking one of the significant monetary reforms of independent India. The idea of decimalising Indian coinage was not new. A Decimal Coinage Bill had been introduced in the Central Legislature on February 18, 1946, but it did not progress amid the political developments leading to Independenc...

Booking Coins from the India Government Mint

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Many new collectors often inquire about how to book coins from the India Government Mint. This post aims to guide beginners through the commemorative coin booking process. Once a commemorative theme is selected, the following broad steps usually follow: © Security Printing & Minting Corporation of India Ltd. Coin Release Ceremony: The release ceremony depends on various factors such as the date of significance, linked celebrations, and the availability of key dignitaries. At the ceremony, details like the issuing mint—typically Mumbai or Kolkata—are confirmed. Coins in Circulation: After the release ceremony, the lower denomination coins are generally put into circulation. This may take anywhere from six months to a year, depending on the mint’s capacity and production schedule for both commemorative and definitive coins. Once circulation begins, the RBI issues a press release detailing the coin design. However, one still cannot know in advance which mints will produce the coins u...