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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 preparing to introduce a new ₹20 coin into general circulation, marking a significant development in the evolution of modern Indian coinage.  According to early reports and circulating rumors, the proposed coin is expected to feature a bi-metallic composition and adopt a distinctive hendecagonal shape—an 11-sided design reminiscent of the earlier ₹2 coin that once held widespread familiarity among the public.  If these speculations come to fruition, the ₹20 coin will become only the second bi-metallic coin in regular circulation after the ₹10 coin, further expanding the diversity of India’s circulating currency. The introduction of a new coin denomination follows a structured and carefully considered process overseen by the Government of India. Decisions regarding the design, metal composition, size, weight, and issuance of coins fall under its direct purview. Once approved, these coins are produced by the nation’s four operational mints ...

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 preparing to mark the 150th Birth Anniversary of Mahatma Gandhi with nationwide and international celebrations, reflecting the enduring influence of the Father of the Nation. This milestone offers an opportunity to honor Gandhiji’s life, philosophy, and transformative role in shaping modern India. As part of the commemorative initiatives, the government is planning to issue a ₹150 silver coin in recognition of this historic anniversary. Unlike standard silver coins, which typically weigh 35 grams and consist of a silver-copper-nickel-zinc alloy, the proposed coin is expected to be struck in pure silver, weighing 40 grams.  A high-level panel, led by the Hon’ble Prime Minister Shri Narendra Modi, has outlined plans to transform the 150th birth anniversary into a global celebration of Gandhiji’s life and ideals. The panel aims to create awareness not only within India but also internationally, highlighting Gandhiji’s principles of truth, non-violence, equa...

From Concept to Coin: The Art and Science of Coin Design and Minting

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Coin collectors and numismatists are often fascinated by the intricate journey a coin takes from an idea to a tangible piece of art. Whether you aim to deepen your expertise in numismatics or simply enjoy sharing fascinating facts with friends, understanding how coins are designed and minted reveals a blend of art, science, and meticulous craftsmanship. The process begins in the engraving department, where designers meticulously craft the patterns and reliefs that will appear on the coin. Every rise and depression under the engraver’s hand determines how letters, figures, and symbols will emerge from the metal. Traditional methods, such as carving into plaster blocks and producing electrotypes, allow designers to visualize the final effect. Shading techniques help convey how light and shadow will interact with the metal once struck. Modern minting technology has transformed this process. Machines like the Acsys digital engraving system have replaced century-old Janvier machines, allowi...