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Showing posts from March, 2018

New Commemorative Coin: Guru Gobind Singh

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The Government of India is set to release a commemorative coin with a denomination of Rs 350 to honor the 350th Birth Anniversary of Guru Gobind Singh , the 10th and last Sikh Guru. The Ministry of Finance officially announced this through a gazette notification on March 26, 2018. Guru Gobind Singh, born as Gobind Rai, emerged as a significant figure in Sikh history. Born on December 22, 1666, in Patna, Bihar, India, he succeeded his father, Guru Tegh Bahadur, as the leader of the Sikh community at the age of nine. Guru Gobind Singh played a pivotal role in shaping Sikhism and instituting the Khalsa, a community of initiated Sikhs. Recognized for his courage and dedication to justice, Guru Gobind Singh actively championed the rights and freedom of people from diverse backgrounds. His contributions extend to Sikh scriptures, as he composed hymns and writings that form an integral part of the Guru Granth Sahib, the holy scripture of Sikhism.  The metal composition of the ₹350 coin will

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 President of India, Shri Ram Nath Kovind, released commemorative coins with denominations of ₹1000 and ₹10 to celebrate the ' Shree Jagannath Nabakalebara Festival ' in the presence of his wife, Smt. Sabitri Kovind, Shri Puri Gajapati Maharaj Dibya Singh Deb, Governor Dr. SC Jamir, Union Minister Shri Dharmendra Pradhan, and Higher Education Minister Shri Ananta Das on Sunday. The President, during his visit to Odisha, released the coins as part of the centenary celebration of Rastriya Sanskrit Sansthan in Puri. Puri, also known as the ‘Kashi’ of the eastern region in India, was chosen by Adi Shankaracharya to establish his 'peeth.' Highlighting the significance of the Lord Jagannath temple as a center for art and culture, the President praised the Rath Yatra, emphasizing its importance in the hearts of Indians. He expressed admiration for the tradition of Rath Yatra, where Lord Jagannath comes out of the temple for devotees, and people from all walks of life, irre

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: Paika Rebellion

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The design for the proposed commemorative coin, which will mark the historic Paika Rebellion, has been submitted for approval to Odisha Chief Minister Shri Naveen Patnaik.  The distinguished graphic artist, Mr. Gajendra Sahu, crafted the design. Sahu, a senior artist in the graphics department at BK College in Bhubaneswar, previously designed the Dronacharya and Arjuna Awards presented by the Government of India. A committee led by Culture Secretary Mr. Manoranjan Panigrahi and other eminent personalities tasked Sahu with creating the design for the commemorative coin. Once Chief Minister Shri Naveen Patnaik grants approval, the proposed design will be forwarded to the Government of India for final approval. The Paika Rebellion, occurring in 1817, was an armed uprising against the rule of the British East India Company in Odisha.  The State government has previously advocated for the revolt to be recognized as the 'First War of Independence.' In addition to this, there are othe

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,

New Bookings opened for Maharana Pratap and M.S.Subbulakshmi Coins

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The India Government Mint, Mumbai, has started accepting bookings for the  commemorative coins   issued to mark the ' 475th Birth Anniversary of Maharana Pratap ' and ' Birth Centenary of Dr. M.S. Subbulakshmi '.  The booking period commenced on March 6th, 2018, and will continue until May 5th, 2018. For both commemorative coins, the Proof Set is priced at Rs. 3940, and the UNC Set is available for Rs. 3122, marking a 40% increase compared to the Kolkata Mint coins. These coins can be obtained either at the Mint Premises or through the official website of the India Government Mint. You can find further details and updates in the " Current and Upcoming Bookings " section for your reference and convenience.