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Showing posts from March, 2018

New Commemorative Coin: 350th Prakash Utsav of Guru Gobind Singh

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The Government of India will issue a ₹350  commemorative coin  to mark  the 350th Prakash Utsav of Sri Guru Gobind Singh , the 10th and last Sikh Guru. The Ministry of Finance officially announced this issuance through a gazette notification on March 26, 2018. Born as Gobind Rai on December 22, 1666, in Patna, Bihar, Guru Gobind Singh emerged as a towering figure in Sikh history. He succeeded his father, Guru Tegh Bahadur, as the leader of the Sikh community at the tender age of nine. Guru Gobind Singh played a pivotal role in shaping Sikhism, most notably by instituting the Khalsa—a community of initiated Sikhs dedicated to upholding righteousness and justice. Renowned for his courage and unwavering commitment to justice, he championed the rights and freedoms of people from all walks of life. His literary contributions, including hymns and writings, form an integral part of the Guru Granth Sahib, the holy scripture of Sikhism. The  metal composition  of th...

Gadhaiya Paisa: Exploring the Indo-Sassanian Numismatic Treasures

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The Gadhaiya or Gadhiya paisa, also known as Bhinmal Drachm coins, is made of silver, weighing approximately 3.5 grams, and is attributed to the coins of the Indo-Sassanian dynasties and their successors. The value of these coins was equivalent to 1 drachm and was minted in the Chaulukyas territory from 543 to 753 AD. Although these coins were initially produced in the Chaulukyas territory, they continued to be minted under other dynasties such as Gujarat, Malwa, Kandesh, Bahmanis, Salankis, Paramara, and Yadavas. The imitation of the Gadhaiya type persisted until the early medieval period. The common depiction on these coins features a bust on the obverse and a Fire Altar on the reverse. Different eras marked various modifications, including the inclusion of legends or modulations of the motifs. In conclusion, the Gadhaiya or Gadhiya paisa, with its roots in the Indo-Sassanian dynasties and later dynasties in the Chaulukyas territory, represents a fascinating chapter in the numismatic...

President Releases ₹1000 and ₹10 Coins on Nabakalebara

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The Hon’ble President of India, Shri Ram Nath Kovind, released commemorative coins of ₹1000 and ₹10 to celebrate the Shree Jagannath Nabakalebara Festival . The ceremony, held on Sunday, was graced by the presence of the President’s wife, Smt. Sabitri Kovind, Shri Puri Gajapati Maharaj Dibya Singh Deb, Governor Dr. S.C. Jamir, Union Minister Shri Dharmendra Pradhan, and Higher Education Minister Shri Ananta Das. During his visit to Odisha, the President released the coins as part of the centenary celebrations of the Rashtriya Sanskrit Sansthan in Puri. Puri, often referred to as the ‘Kashi of the East,’ was chosen by Adi Shankaracharya to establish his revered 'peeth.' Highlighting the cultural and spiritual significance of the Lord Jagannath Temple, the President praised the Rath Yatra and underscored its importance in the hearts of Indians. He admired the tradition of the Rath Yatra, where Lord Jagannath emerges from the temple for devotees, drawing people from all walks ...

Why No Mint Marks on United States Coins from 1965 to 1967

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Many people wonder why they can't find any coins from 1965, 1966, or 1967 with a mint mark. The truth is that the United States Mint did not officially produce any coins with a mint mark during these years due to a coin shortage. The coin collecting craze in the early 1960s led to a nationwide coin shortage. People were hoarding coins for their collections, and others were pulling silver coins out of circulation to capitalize on the rising silver bullion values. In response, the U.S. Mint decided to discourage coin collectors from saving coins based on mint marks by not including any mint marks on coins from 1965 to 1967. The Coin Act of 1965 mandated the removal of mint marks, a practice that continued for five years. Additionally, to address rising silver prices, the Mint eliminated silver from dimes and quarters in 1965 and reduced the half-dollar's silver content from 90% to 40%. In 1968, Congress acted to restore mint marks to coins, but now they would be located on the ob...

New Commemorative Coin: 200 Years of Paika Rebellion

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The Government of India is set to issue a ₹200 commemorative coin to mark the 200th anniversary of the historic Paika Rebellion. The design for the proposed coin has been submitted for approval to Odisha Chief Minister Shri Naveen Patnaik. The distinguished graphic artist, Mr. Gajendra Sahu, has crafted the design. Sahu, a senior artist in the graphics department at BK College in Bhubaneswar, is widely recognized for his previous works, including designing the Dronacharya and Arjuna Awards presented by the Government of India. His expertise in blending historical significance with artistic finesse makes him a fitting choice for this commemorative project. A specially constituted committee, headed by Culture Secretary Mr. Manoranjan Panigrahi and comprising other eminent personalities, entrusted Sahu with the responsibility of designing the coin. Once Chief Minister Shri Naveen Patnaik grants approval, the proposed design will be forwarded to the Government of India for final sanction....

Fake 10 Rupees Banknotes on eBay and OLX Detected

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Recently, a surge of counterfeit Rs 10 notes depicting one or three peacocks in both black & white and colored versions, or featuring two boats, has been identified being sold at inflated prices. Fake 10 Rupees Notes Fake 10 Rupees Notes Popular online shopping platforms like eBay and OLX have become breeding grounds for untrustworthy sellers, preying on unsuspecting collectors. This not only tarnishes the reputation of these portals but also poses a threat to genuine sellers. It's crucial to note that the aforementioned notes were never designed or released by the Reserve Bank of India. They are crafted by scanning, editing on software like Photoshop, and then reprinted to deceive new collectors. Fake 10 Rupees Notes Fake 10 Rupees Notes Fake 10 Rupees Notes Certain sellers on eBay, including cscoins99, vintage24x, dmartt, kansalstore7 (to name a few), are marketing these fake notes as rare collectibles at exorbitant prices. This unethical practice is muddying the marketplace,...

Mumbai Mint Opens Bookings for Maharana Pratap and M.S.Subbulakshmi Coins

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The India Government Mint, Mumbai, had opened bookings in 2018 for commemorative coin sets issued to mark two significant themes in India’s history: the 475th Birth Anniversary of Maharana Pratap and the Birth Centenary of Dr. M.S. Subbulakshmi . The booking period of commencement from March 6, 2018, and will continue until May 5, 2018. These sets, when released has gained considerable interest among collectors, are now available for a limited period, making this an excellent opportunity for those who are interested to add them for their collection. Both commemorative themes are offered in Proof and UNC (Uncirculated) versions, each presented in an elegant Folder or Blister packaging designed for durability and enhanced display value. The Proof Set was priced at ₹3,940, while the UNC Set was priced at ₹3,122. Although these prices reflected an approximate 40% increase over other themes issued around the same period, they were still considered reasonably accessible given the prominenc...