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Showing posts from November, 2021

President Releases ₹100 Coin at HBTU Kanpur Centenary Celebrations

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The President of India, Shri Ram Nath Kovind, released the ₹100 commemorative coin and postage stamps during the centenary celebrations of Harcourt Butler Technical University in Kanpur, Uttar Pradesh, on November 25, 2021. The Governor of Uttar Pradesh, Smt. Anandiben Patel, and other dignitaries were also present. The President highlighted that HBTU has gained recognition for its significant contributions in the fields of oil, paint, plastic, and food technologies. The illustrious history of the institution is intricately linked to India's industrial development from the early 20th century. The technology and human resources provided by HBTU have played a pivotal role in establishing Kanpur's reputation as the 'Manchester of the East,' the 'Leather City of the World,' and an 'Industrial Hub.' Addressing the centenary celebrations of HBTU, the President drew attention to the concurrent celebration of Azadi Ka Amrit Mahotsav, commemorating 75 years...

The Banknote Society Numismatic Platform

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The most advanced social networking platform for numismatists. Years ago in the age of king’s and queen’s, certain hobbies were a luxury. In fact, some of the hobbies were indeed called “The hobbies of the Rich”. Collecting coins is one such hobby which has long been enjoyed by the Raja and Maharajas. However, the times have changed, and this hobby has slowly found its way into the hearts of the common man with an eye for the extraordinary. So much information is out there today about the coins, their origin, and their history. In fact, tons of books exist out there with extensive knowledge on the subject. But some questions still stand firm. How do I start? Even when I start, how do I find other hobbyists in the area? How do I find out where to buy certain coins and paper money from? How do I know it's authentic? How do I even know that the person I am talking to is genuine? There are trillions of questions out there for a new or an intermediate collector, looking to step up in th...

New Commemorative Coin: Harcourt Butler Technical University, Kanpur

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The Government of India will be issuing ₹100  commemorative coin  on occasion of ' Harcourt Butler Technical University Kanpur Centenary Celebrations '. The Ministry of Finance issued the gazette notification on November 18, 2021, confirming the coin. The President of India, Shri Ram Nath Kovind will visit Uttar Pradesh (Kanpur) to grace and address the centenary celebrations of Harcourt Butler Technical University on November 25, 2021.  The metal composition of the ₹100 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. Obverse:   The face of the coin shall bear the Lion Capital of Ashoka Pillar in the center with the legend "सत्यमेव जयते" inscribed  below, flanked  with the  word “भारत” and  "INDIA" at right and left periphery of the coin with Rupee Symbol "₹” a...

New Coin Series: 75th Year of Independence

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The Government of India will be issuing the new definitive series on occasion of 75th Year of Independence with denominations of ₹1, ₹2, ₹5, ₹10, and ₹20. This initiative marks a significant milestone in honouring India's journey towards freedom and independence. The Ministry of Finance has issued the gazette notification on November 8, 2021. The " Azadi ka Amrit Mahotsav " encapsulates the progressive essence of India's socio-cultural, political, and economic identity. The official journey of "Azadi ka Amrit Mahotsav" commenced on March 12, 2021, with a 75-week countdown leading up to the 75th anniversary of Independence. The culmination of this commemorative celebration is scheduled for August 15, 2022, marking a year-long reflection on India's journey towards freedom. The  metal composition  of the ₹1 coin is Ferritic Stainless Steel, weighing 3.09 grams, and having a diameter of 20 mm. The ₹2 coin is made of Ferritic Stainless Steel, weighs 4.07 gr...

Royal Mint Releases £5 commemorative coin on Mahatma Gandhi

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The Royal Mint pays tribute to the life and enduring legacy of Mahatma Gandhi with the unveiling of a new commemorative coin today. This coin, designed to honor the influential figure, serves as a testament to his profound impact on history and his contributions to the principles of non-violence and civil rights. The coin not only celebrates the man himself but also aims to inspire reflection on the values he championed. It is the first time that Mahatma Gandhi has been commemorated on an official United Kingdom coin, designed and made by The Royal Mint. Struck in the 75th year of India’s Independence, the coin features an image of a lotus, India’s national flower, and one of Mahatma Gandhi’s most famous quotes – ‘My life is my message’.   Rishi Sunak, Chancellor of the Exchequer and Master of the Mint  today unveiled a new £5 coin celebrating the life and legacy of Mahatma Gandhi – one of the world’s most influential leaders, said: “This coin is a fitting trib...

RBI to Roll Out New Polymer Banknotes!

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The transition from paper to polymer currency banknotes appears to be imminent. Over the past decade, India has yet to adopt polymer or plastic banknotes and has instead adhered to the conventional practice of printing on paper made from cotton rags. Polymer or plastic banknotes offer enhanced durability as they are more resistant to tearing, folding, and microorganisms (antibacterial). Additionally, they perform more efficiently in ATMs and automated sorting operations. Despite being twice as costly to produce, these notes have a lifespan 2.5 to 4 times longer than those printed on cotton-based substrate. Furthermore, polymer notes present a higher level of security against counterfeiting. The Indian government has intermittently discussed plans to introduce polymer banknotes, only to have them shelved repeatedly. Unfortunately, no substantial progress has been reported over the last decade, and despite demonetization providing an opportunity to integrate new technology, its implement...