Numismatics Collections

In light of the outbreak of the coronavirus disease, experts suggest that the virus can potentially spread through currency notes. Consequently, transitioning to digital modes of transactions is recommended. However, complete avoidance of cash, especially in a country like India, may not be entirely feasible. Therefore, there is a demand for a safer alternative to paper currency notes. To prevent the spread of viruses through cash, SBI Research has recommended that the government explore the feasibility of adopting polymer currency notes instead of traditional paper currency notes, following the practices of countries like Australia, the United Kingdom, and Canada. In its 'Ecowrap' report dated March 17, 2020, SBI Research stated, "Even with due precautions, avoidance of cash usage cannot be guaranteed, making it one of the easiest carriers for spreading any virus. Therefore, immediate steps should be taken to prevent the spread of any virus through currency notes. Countri...

The long-awaited new ₹10 coin of the new series 2019, first released last year, has now begun entering circulation from most of the India Government Mints.  Collectors and the general public have reported receiving these coins more frequently in recent weeks, marking the gradual phase-out of earlier bi-metallic ₹10 coin varieties that had long faced quality concerns. The new series ₹10 coin shows a noticeable improvement in overall minting quality and finish when compared to its predecessors. This upgraded coin continues the bi-metallic format but features a nickel–silver center, surrounded by a nickel–brass outer ring. This combination not only enhances the visual appearance of the coin but also significantly improves resistance to tarnishing and moisture. In contrast, earlier ₹10 coins used a copper–nickel core paired with an aluminum–bronze ring, a composition that was more susceptible to oxidation. As a result, many of the older coins developed dull or patchy surfaces after exp...