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Showing posts from May, 2018

New Denomination 20 Rupees for General Circulation Soon!

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The Government of India is reportedly set to introduce a new 20 rupees coin into general circulation. As per rumors, the coin is anticipated to be bi-metallic, adopting a Hendecagonal (11-sided) shape and design similar to the previous 2 rupees coin. If these speculations materialize, this coin will be the second bi-metallic addition to the currency, following the 10 rupees coin. The decision to produce and circulate coins of various face values rests with the Government of India, and these coins are manufactured in four different mints across the country: Mumbai, Kolkata, Hyderabad, and Noida, each identified by distinct mintmarks. The circulation of these coins is facilitated through the Reserve Bank of India (RBI).

Bank of Latvia launches Innovative "Honey coins".

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The Bank of Latvia will release an innovative collector coin "Medus coin" on Tuesday, May 22nd, the LETA told the Bank of Latvia.  The shape of the coin is a hexagon with wavy edges and loose peaks. The obverse of the coin depicts the bee cells, with a different intensity of maturity highlighting the contours of Latvia and the Gulf of Riga, the inscription "Latvia" and the year 2018 on the lower left side, while the back of the coin (the reverse) is the representation of the bee cell with matte, but from the center To the left is a little down, there is a number 5, below it - the inscription "euro".  "The shape of the coin is unique, and when they coincide with the coins, they form a single set, just like the bees' honey's loaves of honey," added the Bank of Latvia. "Honey coin" is made of silver and gilded. The Bank of Latvia pointed out that the collection "Honey coin" coin passed on to the first place winner ...

New Commemorative Coin: 150th Birth Anniversary of Mahatma Gandhi

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The Government of India is gearing up to commemorate the 150th Birth Anniversary of the Father of the Nation, Mahatma Gandhi , on a grand scale. In line with these celebratory efforts, there are discussions about issuing a commemorative coin of ₹150 to honor the significant milestone of Mahatma Gandhi's 150th Birth Anniversary. If all assumptions hold true, the Rs 150 coin is projected to have a standard weight of 35 grams, comprising 50 percent silver, 40 percent copper, and 5 percent each of nickel and zinc. The panel led by Prime Minister Narendra Modi envisions transforming Mahatma Gandhi's 150th birth anniversary into a global event, seeking to enhance awareness about Gandhiji worldwide. It is crucial that the celebration of this occasion is conducted in a manner that perpetuates Mahatma Gandhi's legacy, ensuring he remains a perennial source of inspiration for generations to come. In addition to the aforementioned coin, there are plans to release other commemorative c...

How Coins are Designed and Minted

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Coin collectors and numismatists exhibit a keen interest in the intricate process of minting. Whether aspiring to advance within the numismatic community or simply aiming to surprise friends with fascinating facts, delving into the world of coin design and production is rewarding. The genesis of coin designs unfolds in the engraving department, where patterns of relief are meticulously crafted. The tactile ups and downs under your finger create the images and writings adorning coins. Designers use shading to convey how the coin will appear when the image is pressed into metal, employing traditional techniques such as carving into plaster blocks and creating electrotypes. Modern technologies like the Acsys have replaced century-old Janvier machines, enabling digital design creation and seamless transfer between mint houses with improved speed and quality. An intriguing example of innovation is the "Fortuna Redux" – the world's first coin in a cylinder design, featuring thr...