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 , released last year, is now in circulation from most mints. The quality of the new ₹10 coins is superior compared to earlier issued ₹10 coins. The new ₹10 coin features a bi-metallic design with a nickel-silver center (approximately 18 percent nickel, 62 percent copper, 20 percent zinc) encased in a nickel-brass ring. The previous ₹10 coins featured a bi-metallic design with a copper-nickel center and an aluminum-bronze ring. Over time, these coins were prone to moisture absorption, resulting in a faded appearance. It's worth noting that the India Government Mint has addressed this issue by transitioning to higher-quality materials for the ₹10 coins. This improvement is expected to enhance durability, though only time will confirm its effectiveness.