Numismatics Collections

The Reserve Bank of India (RBI) released its annual report for the financial year 2023-24 today, on May 30, 2024, highlighting the banknotes and coins in circulation during the mentioned period. In the report, the RBI stated that it focused on ensuring an adequate quantity of clean banknotes in circulation throughout the year. As part of this effort, the RBI undertook the process of withdrawing ₹2000 denomination banknotes. The currency in circulation includes banknotes, central bank digital currency (CBDC), and coins. Currently, banknotes in circulation consist of denominations of ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500, and ₹2000. The RBI has ceased printing banknotes in the denominations of ₹2, ₹5, and ₹2000. Coins in circulation include denominations of 50 paise, ₹1, ₹2, ₹5, ₹10, and ₹20. Banknotes in Circulation Coins in Circulation The issuance and management of currency (banknotes and coins) are handled by the RBI through its 19 issue offices, 2,794 currency chests, and 2,460 sm...

The Karnataka Numismatic Society, also known as Kannadanadu Nanya Sangha or KNS, will be celebrating its Golden Jubilee at the Nanya Darshini 2024 Exhibition. This highly anticipated exhibition of coins, banknotes, stamps, and collectibles, will take place on 12th, 13th, and 14th of July 2024 . The venue for this grand event will be held at Shikshak Sadan, KG Road, Opp Kaveri Bhavan, Nagarathpete, Majestic, Bengaluru 560002 . Established on August 6th, 1974, the Karnataka Numismatic Society boasts a rich history, with Sri. Bryon Hannon serving as its first president. Recognised as one of the most esteemed societies in India, with nearly 1300 members, KNS offers various programs and initiatives to enhance the knowledge and confidence of its members in collecting. Monthly meetings are held every second Sunday, featuring eminent numismatists who address the gatherings and provide opportunities to felicitate and acknowledge members who exhibit their collections.  It's worth join...

The India Government Mint, Kolkata, has started accepting bookings for the much awaited ₹90 commemorative coin issued to mark the 90 Years of Reserve Bank of India (RBI). The bookings commenced on May 25, 2024, and are subject to limited availability. On April 1, 2024, Prime Minister Shri Narendra Modi commemorated the 90th anniversary of the Reserve Bank of India by unveiling the ₹90 coin at their headquarters in Mumbai. The ₹90 coin, included in the Proof Set and packaged in Folder/Blister packaging, is priced at ₹5138, while the UNC set is yet to open for booking. In April 2024, the ₹90 coin in Proof Sets was made available for a limited period at the sales counter of the India Government Mint's Corporate Office in New Delhi. It's important to note that the metal composition of this ₹90 coin is Pure Silver (99.9%), weighing 40 grams with a diameter of 44 mm. It also features 200 serrations along the edge. These coin sets can be obtained either at the Mint Premises or thr...

The Government of India is likely to issue a ₹150 commemorative coin to mark the occasion of the 150th Birth Anniversary of Sardar Vallabhbhai Patel. Sardar Vallabhbhai Patel, often referred to as the "Iron Man of India," was a prominent leader in the Indian independence movement and played a crucial role in integrating various princely states into independent India. His contributions to the nation are immense, and his 150th birth anniversary will be indeed a momentous occasion. Born on October 31, 1875, Patel's leadership, determination, and commitment to the unity of India are remembered and celebrated by millions. His efforts during the partition of India and the subsequent integration of princely states into the Indian Union were pivotal in shaping the modern political map of India. In March 2024, Union Minister for Information and Broadcasting, Shri Anurag Singh Thakur, launched the first season of "Swaraj" on the OTT platform Amazon Prime in Mumbai. Dur...

The Defence Secretary of India, Shri Giridhar Aramane, released the ₹250 commemorative coin to celebrate the ' 250 Years of Mazagon Dock Shipbuilders Ltd ', today, on May 14, 2024 at Mumbai. Shri Sanjeev Singhal, CMD of MDL, Vice Admiral Sanjay J Singh, Flag Officer Commanding–in-Chief of the Western Naval Command, and Shri Rajiv Jalota, Chairman of Mumbai Port Trust, were also present at the event. 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.  Defence Secretary Shri Giridhar Aramane highlighted the global capacity crunch in the defence industry, stressing a sustained demand for defence utilities. He emphasized the imperative for Indian shipbuilders to enhance capacity to meet security needs, citing heightened deman...

In recent years, the Government of India has flooded the market with a vast array of commemorative coins , leaving collectors bewildered about what to prioritise. In 2022, there were 8 commemorative coins issued, but the following year, 2023, set a new record with a staggering 19 releases, surpassing the previous double-digit high seen only in 2015. This trend seems set to continue, with expectations of another 15 to 20 releases this year. Already, within the first four months of the year, 9 commemorative coins have been released, indicating a brisk pace of issuance although many releases are pending bookings, including coins like the Srimad Bhakti Siddhanta Saraswati Goswami Prabhupada , which was issued in a limited quantity of only 300 numbers. Lower denominations are conspicuously absent due to limited usage after the introduction of digital payments, with only single higher denominations in Silver with metal composition of Quaternary Alloy or Pure Silver being released. This has ...