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Showing posts from April, 2020

The Unique One Rupee Coin Watch

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The Jaipur Watch Company, India's sole bespoke watchmaker, has introduced a unique gold watch crafted from the final coin minted under British India – a One Rupee Coin dating back to 1947. The obverse side of the coin depicts an Indian tiger standing and facing left, with the legend "India" and the year 1947 below. The coin's value is inscribed in Devanagari, English, and Urdu. The watch is powered by a premium Swiss Quartz mechanical movement, while its strap is crafted from genuine high-quality leather. The case has an outer dimension of 39 mm, and the crystal is made of sapphire. The watch's back cover, securely screwed down, is crafted from gold. This timepiece is not only a fantastic collector's item but also draws the attention of numismatists not just in India but worldwide. The current price of the watch stands at a substantial Rs 3,15,000/- (Rupees Three Lakh Fifteen Thousand Only). Jaipur Watch Company stands out as India's exclusive bespoke wat...

The Coins of India will be Twenty in 2020!

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Starting from the current fiscal year, a new denomination coin of twenty rupees is set to be circulated. The 20-rupees coin is part of the new series unveiled by Prime Minister Shri Narendra Modi in March 2019, specifically designed for the visually handicapped and will soon enter general circulation. The Mumbai mint has supplied approximately one million coins to the Reserve Bank of India, and it is expected that these coins will soon reach regional offices before being issued to banks. Last year, Prime Minister Narendra Modi introduced coins as part of the Visually Handicapped Disabled Friendship Series, encompassing ₹1, ₹2, ₹5, ₹10, and now ₹20 denominations. All coins in this series share a common design, with the ₹2, ₹5, and ₹10 coins already in circulation. The introduction of a twenty rupees coin marks the first time in the history of the Republic of India that such a denomination has been introduced. The 20 rupees coin features a 12-polygon shape with a diameter of 27 millimet...

Are Graded Sample Slabs Worth It?

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Several reputable coin grading services globally began issuing world sample slabs in the early 1990s. In India, this trend started a few years ago when NGC (Numismatic Guaranty Corporation), one of the most esteemed coin grading companies, initiated operations with select reputable stores and auction houses for coin grading submissions . During the National Numismatic Exhibition 2020, the NGC team offered a promotional sample slab of a 5 Paise 1967, Calcutta Mint, as a complimentary takeaway. To identify the sample slab, one can check the NGC label, which explicitly states "SAMPLE" instead of the grade, even though the coin grading scale is often higher. The first intriguing question that arises for many is the valuation of a sample slab and its connection to our favorite hobby. The 5 Paise 1967 from the Calcutta Mint is a common coin widely circulated, typically not costing more than ₹20 in uncirculated condition. The submission service fee per coin is approximately ₹1,500 ...