Numismatics Collections

The world's largest collector of Indian Paper Money, Rezwan Razack, has been awarded the 'Book of the Year' by the International Bank Note Society (IBNS) for his new book titled 'One Rupee – One Hundred Years 1917 – 2017.' The IBNS Book of the Year is an annual accolade presented to an exceptional publication dedicated to paper money. Books under consideration for the award are nominated by various members of the International Bank Note Society (IBNS). Rezwan Razack, the joint managing director of Bengaluru-based real estate company Prestige Group, has garnered this prestigious recognition for his significant contributions. Over the past 45 years, Mr. Razack has meticulously curated an extensive collection of Indian currency notes, concurrently chronicling the rich history of paper currency in the subcontinent. An enthusiastic collector of Indian banknotes and paper currency, Mr. Razack delves into lesser-known facts and intricacies, meticulously documented in his ...

The production of coins has come to a halt at the four government mints located in Kolkata, Mumbai, Noida, and Hyderabad. This suspension is attributed to an oversupply in the market and a lack of available storage space. The Security Printing and Minting Corporation of India Limited (SPMCIL), overseeing the mints, issued a directive stating that the "production of circulation coins is being stopped." The notice clarified that the mints will continue their regular working hours without overtime for staff. Reserve Bank of India (RBI) sources explain that periodic calibration of coin production is necessary based on the assessment of circulating coins and storage capacity. The Reserve Bank of India (RBI) collects coins from the mints for circulation in the market. As part of routine procedures, the RBI, as the monetary authority, reviews coin supply and usage, informing the Department of Economic Affairs (DEA), which then communicates with SPMCIL. These adjustments are tempora...

The counterfeit 1000 Rupees coins featuring Shri Jagannath Nabakelebara are already making their way into the market, particularly on online shopping portals. Intriguingly, it's important to note that this coin is yet to be officially released by the mint for collectors. Identifying this counterfeit coin is straightforward, as the inscription is inaccurately written as 'Shri Jagganath Nabakelebra' instead of the correct 'Shri Jagannath Nabakelebara'. Earlier, I reported on numerous instances of counterfeit commemorative coins flooding the market even before the official release by the India Government Mint. Surprisingly, there seems to be little concern from the Indian Government Mint regarding this matter. Consequently, another fake coin has surfaced, and it is not unlikely that several more similar fakes will follow, potentially undermining the integrity of Indian Numismatics. ICCG (Indian Coins and Currency Group) is diligently reporting these fraudulent coins t...