Numismatics Collections

In 2019, the Prime Minister Shri Narendra Modi introduced the new definitive series coins , including denominations of ₹1, ₹2, ₹5, ₹10, and ₹20. While the ₹2, ₹5, and ₹10 coins became part of the circulation in 2019, the ₹20 coins started circulating in the second half of 2020. Regrettably, the ₹1 coins did not make their appearance either in 2019 or 2020. According to the recent Reserve Bank of India's Annual Report, the new series of ₹1 coins has been minted and supplied to RBI's chest in approximately 1093 lakh units in the financial year 2019-20 and 1000 lakh units in 2020-21. Additionally, the report indicates that ₹20 coins were minted in approximately 458 lakh units in the financial year 2019-20. Anticipating their release, many coin collectors eagerly await the circulation of ₹1 coins from the years 2019 and 2020 to add them to their collections.

An unusual situation has arisen in numerous cities in India, where traders, shopkeepers, and vendors are refusing to accept the newly introduced ₹20 coins. This scenario echoes the past issue with ₹10 coins when rumors circulated about their authenticity. Unfortunately, many citizens remain unaware of the existence of the new ₹20 coin. The newly minted ₹20 coins are produced at all four mints, namely Mumbai, Kolkata, Hyderabad, and Noida. These mints have dispatched consignments of coins to the Reserve Bank of India (RBI), which, in turn, distributes them to banks through regional offices. Despite these efforts, some uninformed citizens are casting doubt on the coins and refusing to accept them. Officials are actively working to raise awareness, but the response remains lukewarm. Bank officials report that, due to space constraints for coin storage, certain banks are limiting coin acceptance from an individual customer to ₹100 per day. Some banks suggest customers deposit coins in acco...

The Government of India will issue a  commemorative coin  of ₹400 to mark the occasion of 400th Birth Anniversary of Sri Guru Tegh Bahadur Ji . The Ministry of Finance issued the gazette notification on April 29, 2021, officially confirming the release of the coin. Gurudwara Guru Ka Mahal The  metal composition  of the ₹400 coin will consist of a Quaternary Alloy, comprising 50% Silver, 40% Copper, 5% Nickel, and 5% Zinc. The coin will weigh 35 grams and have a diameter of 44 mm, featuring 200 serrations along the edge. The coin's description is as follows. The obverse side of the coin features the Lion Capitol of Ashoka Pillar at the center, accompanied by the inscription "सत्यमेव जयते" below. The words “भारत” and "INDIA" are inscribed at the right and left periphery of the coin, respectively. The Rupee Symbol "₹” and denomination value “400” in International Numerals are positioned below the Ashoka Lion Capitol. On the reverse side, the coin showcases the...