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Showing posts from January, 2019

Why Are ₹10 Coins Still Not Widely Accepted?

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Many people are unaware that India’s first ₹10 coin was minted in 1969 to commemorate the Birth Centenary of Mahatma Gandhi , followed by issues marking the 25th Anniversary of the FAO in 1970 and 1971 , and the 25th Anniversary of Independence in 1972 . Although these were circulating commemorative coins, they were struck in silver alloys and released only in limited quantities. The modern Bi-Metallic ₹10 coin was introduced in 2005, but it initially faced widespread disapproval due to perceived poor quality. The familiar preference for banknotes and the easy availability of newly designed ₹10 notes further slowed public acceptance. Since the cost of minting a ₹10 Bi-Metallic coin is relatively low—almost comparable to a ₹5 nickel-brass coin—its intrinsic metal value never exceeded its face value, making it unsuitable for melting or resale in grey markets. This diminished speculative interest in the coins, though small-scale duplication still emerged, estimated at about 1–2% of total...

Tamil Nadu Chief Minister Releases ₹100 Coin on M. G. Ramachandran

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The Chief Minister of Tamil Nadu, Shri K. Palaniswami, and Deputy Chief Minister, Shri O. Paneerselvam, along with other dignitaries, released commemorative coins of ₹100 and ₹5 today to mark the 102nd Birth Anniversary of former Chief Minister Dr. M.G. Ramachandran . The release event took place at the Tamil Nadu Dr. MGR Medical University Complex, Chennai. As part of the birth anniversary celebrations, a "Dr MGR Centenary Arch," spanning 66 feet in width and standing at a height of 52 feet, was unveiled. The arch is prominently located across the arterial Kamarajar road, adjacent to the renowned Marina beach in the city. AIADMK workers, led by Puducherry secretary P Purushothaman and party MLAs A Anbalagan, A Baskar, and Vayyapuri Manikandan, paid homage with floral tributes at a statue of MGR situated at the party headquarters. The day followed the customary observances, featuring portraits of MGR adorned with flowers positioned at street corners and the playing of songs ...

New Definitive Coin Series May Be Announced Soon

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The Government of India is preparing to unveil a new definitive coin series that will enter general circulation alongside the coins currently in use. This anticipated development has generated considerable interest within the numismatic community, as it signals a significant update to the nation’s circulating coinage after several years. Early reports and ongoing discussions suggest that the upcoming series may feature themes aligned with major national initiatives such as "Digital India," "Swachh Bharat," "Beti Bachao Beti Padhao," and "Make in India." These themes reflect the government's broader agenda of technological advancement, social empowerment, and national development, and their inclusion in the new coin designs would mark a symbolic step in promoting these missions through everyday currency. One of the most notable expectations surrounding the new series is the introduction of a ₹20 circulating coin, which would be the first of i...

PM Modi Releases ₹350 Coin on Shri Guru Gobind Singh Ji

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The Hon’ble Prime Minister, Shri Narendra Modi, released a ₹350 commemorative coin to mark the Birth Anniversary celebrations of Guru Gobind Singh Ji in the national capital today, on January 13, 2019. Addressing a distinguished gathering at his residence, 7 Lok Kalyan Marg, following the release of the coin, the Prime Minister paid heartfelt tribute to the lofty ideals and timeless values of Guru Gobind Singh Ji. He spoke of the Guru’s life of selfless service, unwavering devotion, heroic spirit, and supreme sacrifice, urging people across the nation to draw inspiration from his path. Shri Modi described Guru Gobind Singh Ji as a visionary leader and a towering personality—an extraordinary warrior, philosopher, poet, and spiritual guide. He highlighted the Guru’s resolute stand against tyranny and injustice and noted that his teachings were centered on breaking down societal barriers of caste, creed, and religion. The Prime Minister emphasized that Guru Gobind Singh Ji’s message of ...

PM Modi to Release ₹350 Coin on Shri Guru Gobind Singh Ji

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The Hon'ble Prime Minister, Shri Narendra Modi, is set to release a commemorative coin in honour of Shri Guru Gobind Singh Ji on January 13, 2019, at his official residence, 7 Lok Kalyan Marg, New Delhi.  The event, being held on the sacred occasion of the birth anniversary of the revered Sikh Guru, will be attended by a distinguished gathering that the Prime Minister will address, highlighting the significance of Guru Gobind Singh Ji’s life, teachings, and enduring legacy. Guru Gobind Singh Ji, the Tenth Guru of the Sikhs, is remembered as a spiritual master, a fearless warrior, a poet, and a philosopher whose ideals continue to inspire millions across the world. His contributions extended far beyond religious leadership, shaping the cultural and moral fabric of India. He founded the Khalsa Panth in 1699, instilling the values of courage, equality, righteousness, and selfless service. His teachings preached the importance of justice and the defence of truth, while placing immens...

Mumbai Mint Opens Bookings for Atal Bihari Vajpayee and Paika Bidroha Coins

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The India Government Mint, Mumbai, has officially opened bookings for the commemorative coins issued on Atal Bihari Vajpayee and Paika Bidroha . Collectors can book these coins in both Proof and Uncirculated (UNC) Sets during the booking window, which extends from January 4, 2019, to April 4, 2019. In the last week of December 2018, the Hon’ble Prime Minister Shri Narendra Modi formally released the ₹100 coin commemorating the Birth Anniversary of Atal Bihari Vajpayee , followed by the ₹200 coin marking the Bi-Centenary of Paika Bidroha . These releases were widely appreciated, reflecting the nation’s recognition of the historic contributions of these personalities. Both commemorative coins are presented in an elegantly designed Box packaging, enhancing their appeal and preserving their collectible value. The Proof Sets of both coins are priced at ₹2,825, while the UNC Sets are available at ₹2,615. These coins are not only a tribute to two pivotal figures in India’s political and hi...