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Showing posts from March, 2024

Errors in Srila Bhakti Siddhanta Saraswati Prabhupad Coin Sets

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The India Government Mint, Kolkata, has commenced dispatching of the ₹150 commemorative coin issued to celebrate the 150th Birth Anniversary of Srila Bhakti Siddhanta Saraswati Goswami Prabhupad , with bookings opening on March 9, 2024. Regrettably, both English and Hindi descriptions inside the folder package contain grammatical errors and inaccuracies. This oversight reflects a concerning lack of attention to detail and quality assurance on the part of the mint. This isn't the first occurrence; there have been numerous instances in the past where errors have occurred in packaging. Some issues include coins arriving with fingerprints, deep scratches, improper gumming between the blister inside the folder, dust particles on the coin, and low-quality capsules. It's disheartening to note that the mint appears to be neglecting the concerns of its customers or collectors, continuing to make the same mistakes without implementing necessary improvements. Quality assurance should be ...

New Commemorative Coin: 90 Years of Reserve Bank of India

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The Government of India will issue a  commemorative coin  of ₹90 on occasion to mark the 90 Years of Celebration of Reserve Bank of India . The Ministry of Finance issued a gazette notification on March 19, 2024, confirming this coin. A momentous milestone approaches for the Reserve Bank of India as it marks its 90th year of existence and operation on April 1. Throughout its journey, the Reserve Bank has solidified its reputation as a credible institution, synonymous with stability, trust, and economic progress. In recent times, it has emerged as a trailblazer in driving innovation and technology adoption within the financial sector. Prioritizing customer-centricity and financial inclusion has always remained at the forefront of its agenda. The Reserve Bank's unwavering dedication to maintaining a delicate equilibrium among price stability, financial resilience, and external sector stability has yielded significant dividends, propelling the country towards a path of heightened...

New Commemorative Coin: 250 Years of Mazagon Dock Shipbuilders Ltd

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The Government of India will issue a commemorative coin of ₹250 to mark the ' 250 Years of Mazagon Dock Shipbuilders Limited '. The Ministry of Finance issued a gazette notification on March 12, 2024, confirming this coin. Mazagon Dock Shipbuilders Limited (MDL), formerly known as Mazagon Dock Limited, is a prominent shipyard located in Mazagaon, Mumbai. Specializing in the construction of warships and submarines for the Indian Navy, MDL also fabricates offshore platforms and provides support vessels for offshore oil drilling. In addition to its defense-oriented projects, MDL is involved in the construction of tankers, cargo bulk carriers, passenger ships, and ferries. The shipyard plays a crucial role in the maritime industry, contributing to both military and civilian naval capabilities and supporting offshore oil and gas exploration. The  metal composition  of the ₹250 coin will consist of a Quaternary Alloy, comprising 50% Silver, 40% Copper, 5% Nickel, and 5% Zinc. ...

Mumbai Mint Opens Bookings for Ayodhya Ram Mandir Souvenir

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The India Government Mint, Mumbai, has opened bookings for the Ayodhya Ram Mandir Souvenir in Folder/Blister pack starting from March 11, 2024. The souvenir token is minted with a colored image of the Ayodhya Ram Mandir on the obverse side and Shri Ram Lala on the reverse side. The souvenir token comes in Silver with 999 fineness, weighing 50 grams, priced at ₹5213.  Indeed, the Kolkata Mint issued the same designed souvenir token for the Ayodhya Ram Mandir last month, marking the 19th Foundation Day celebrations of the Security Printing and Minting Corporation of India Limited (SPMCIL). It seems that approximately 15,000 units of the souvenir token from the Kolkata Mint have been sold. The souvenir token is available at the Mumbai Mint Premises as well as on the India Government Mint's official website. Please note that prices are subject to change based on the bullion value, and the above pricing is as of March 11, 2024.

Kolkata Mint Starts Bookings for Srila Prabhupad Coin Sets

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The India Government Mint, Kolkata, has started accepting bookings for the ₹150 commemorative coin issued to mark the 150th Birth Anniversary of Srila Bhakti Siddhanta Saraswati Goswami Prabhupad . The booking period commenced on March 9, 2024, and is subject to limited availability. Earlier, on February 8, 2024, the Prime Minister Shri Narendra Modi released a commemorative coin and a postal stamp to mark the event as part of World Vaishnav Convention 2024 program organized by Gaudiya Mission at Bharat Mandapam, Pragati Maidan, New Delhi. The ₹150 coin, featured in the Proof Set and offered in Folder/Blister packaging, is priced at ₹3,087. The UNC Set is not open for booking yet. Furthermore, the Proof Set, which includes an MDF/Wooden Box, is also awaiting availability for booking. These coin sets can be obtained either at the Mint Premises or through the official website of the India Government Mint. You can find further details and updates in the " Current and Upcoming Bookin...