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Showing posts from May, 2024

New Possible Commemorative Coin: Sardar Vallabhbhai Patel

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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

Defence Secretary Releases ₹250 Coin on Mazagon Dock Shipbuilders Ltd

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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

Navigating the Evolving Landscape of Commemorative Coins

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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 20 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