Pattern or Experimental Coins of India

A pattern coin is a coin which has not been approved for release, but produced for experiment and further to evaluate a proposed coin design. They are often off-metal strike (using metals of lower value to test out the dies), to proof standard or piedforts. Most of the coins in the modern coinage has stamped "EXP" or "EXPT" or "EXPTL" to recognize as experimental coins. These were often produced during final stage of the pattern process, used to present the newly adopted design to the public. 

Republic of India has 2 distinct set of pattern coins, the first set was created after Independence in 1949 which weren't approved and the second were before the new decimal coinage series adopted in the year 1957. 

The coins are minted to check quality of the die and coins in reality to know how the designs are minted and vet-out any manufacturing issues.

Some of them has been mentioned below:

These coins are exclusively for mint's internal purpose and aren't for trade, but somehow these coins gets smuggled out from mint premises and are sold to collectors at premium price. It's illegal to posses such coins and collecting these may attract legal trouble.

Comments

Post a Comment

Popular posts from this blog

PM Modi Releases ₹90 Coin to Celebrate 90 Years of RBI

Image
The Prime Minister of India, Shri Narendra Modi, released the ₹90  commemorative coin  today, April 1, 2024, on the occasion of marking the 90 years of celebration of the  Reserve Bank of India  (RBI@90) at their headquarters in Mumbai. The Minister of Finance, Smt. Nirmala Sitharaman, the Governor of the Reserve Bank of India, Shri Shaktikanta Das, the Governor of Maharashtra, Shri Ramesh Bais, the Chief Minister of Maharashtra, Shri Eknath Shinde, the Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis, and other dignitaries were also present to grace the occasion. Speaking at the event, the Prime Minister acknowledged the Reserve Bank of India's significant milestone, marking 90 years of operation. He highlighted the institution's enduring presence through both pre and post-independence periods, establishing a global reputation for professionalism and dedication. Extending congratulations to all staff on this occasion, the Prime Minister deemed the present workf
Read more

New Commemorative Coin: 90 Years of Reserve Bank of India

Image
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 grow
Read more

PM Modi Releases ₹100 Coin on 2550th Bhagwan Mahaveer Nirvan Mahotsav

Image
The Prime Minister, Shri Narendra Modi, inaugurated the 2550th Bhagwan Mahaveer Nirvan Mahotsav and released the ₹100 commemorative coin and postal stamp on the auspicious occasion of Mahaveer Jayanti today, on 21st April at Bharat Mandapam, New Delhi. The Minister of State for Law & Justice, Parliamentary Affairs and Culture, Shri Arjun Ram Meghwal, and the Minister of State for External Affairs and Culture, Smt. Meenakashi Lekhi, were also present to grace the occasion. Bhagwan Mahavir, the 24th Tirthankar, illuminated the path of peaceful co-existence and universal brotherhood through Jain principles like Ahimsa (Non-Violence), Satya (Truthfulness), Asteya (Non-Stealing), Brahmacharya (Chastity) and Aparigraha (Non-attachment). Addressing the gathering, the Prime Minister remarked that the magnificent Bharat Mandapam bears witness to the 2550th Bhagwan Mahaveer Nirvan Mahotsav today. Reflecting on the dance drama presentation by school children on Bhagwan Mahaveer Swami titl
Read more