Mumbai Mint confirms ₹1 coins of AKAM being circulated

The India Government Mint, Mumbai confirmed the ₹1 denomination minting and circulation of the recent special coin series of Azadi Ka Amrit Mahotsav in a reply to the RTI filed by Shri Sainath Malisetty, Bangalore dated 5th December 2022.

The reply to the RTI clearly says that ₹1 coins in 100 pieces/numbers were minted with the year 2021 and 1200 pieces/numbers were minted with the year 2022 making the total of 1300 pieces/numbers released for circulation.

Both the 2021 and 2022 years ₹1 coins will be considered as extremal rare due to very low mintage where dealers will take huge advantage of this though none of them has seen the ₹1 Azadi Ka Amrit Mahotsav coins. 

Needless to say, the ₹1 denomination 2019 new series visually impaired coins seem to be the same scenario as none of them has seen from past 3 years. While most of the people using UPI transactions and with the introduction of Digital Rupee (e₹), going forward it will be very rare to see the ₹1 coins in circulation which can also be termed as end of the era.

Comments

Post a Comment

Popular posts from this blog

New Commemorative Coin: Birla Institute of Technology and Science, Pilani

Image
The Government of India will issue a  commemorative coin  with a denomination of ₹60 to celebrate the ' Diamond Jubilee of Birla Institute of Technology and Science, Pilani '. The Ministry of Finance issued a gazette notification on November 4, 2024, confirming this coin. Birla Institute of Technology & Science, Pilani (BITS Pilani) is a premier private institution in India known for its excellence in engineering, science, and technology education. Established in 1964, BITS Pilani operates across multiple campuses in Pilani, Goa, Hyderabad, and Dubai, offering undergraduate, postgraduate, and doctoral programs. Known for its rigorous academic curriculum, innovative pedagogy, and strong emphasis on research and industry collaboration, BITS Pilani is among India's top engineering and technology schools. The institute follows a unique “Practice School” program, enabling students to gain valuable industry experience during their studies. The  metal composition  of th...
Read more

PM Modi Releases ₹200 Coin on Shree Swaminarayan Mandir, Vadtal

Image
The Prime Minister Shri Narendra Modi released a ₹200 commemorative coin on Shree Swaminarayan Mandir in Vadtal today, on November 11, 2024 through video conferencing. Former Chief Minister of Gujarat, Shri Vijay Rupani, attended the event. The Vadtaldham Dwishatabdi Mahotsav , celebrating the 200th anniversary of the temple, took place from November 7 and will continue till November 15. This grand festival features devotional ceremonies, cultural programs, and spiritual discourses, drawing devotees from across the globe to honor the temple's rich heritage and its enduring influence on spiritual life. Addressing the gathering via video conferencing, Shri Modi expressed that it was by the grace of Shree Swaminarayan that the 200th anniversary celebrations were taking place. Welcoming disciples from around the world, he remarked that service remains central to the tradition of Swaminarayan Mandir and that the disciples were deeply engaged in this spirit of service today. The Prime ...
Read more

New Commemorative Coin: Mysore Medical College and Research Institute

Image
The Government of India will issue a ₹100  commemorative coin  to mark the Centenary Celebration of Mysore Medical College and Research Institute . The Ministry of Finance issued a gazette notification on November 25, 2024, confirming this coin. Mysore Medical College and Research Institute (MMC&RI), established in 1924 in Mysuru, Karnataka, is one of India’s oldest medical colleges. Affiliated with Rajiv Gandhi University of Health Sciences, it offers MBBS, postgraduate, and super-specialty courses. Known for academic excellence and attached to hospitals like K.R. and Cheluvamba, MMC&RI combines quality education with essential healthcare services. 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 ...
Read more