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The Unique One Rupee Coin Watch

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The Jaipur Watch Company, India's sole bespoke watchmaker, has introduced a unique gold watch crafted from the final coin minted under British India – a One Rupee Coin dating back to 1947. The obverse side of the coin depicts an Indian tiger standing and facing left, with the legend "India" and the year 1947 below. The coin's value is inscribed in Devanagari, English, and Urdu. The watch is powered by a premium Swiss Quartz mechanical movement, while its strap is crafted from genuine high-quality leather. The case has an outer dimension of 39 mm, and the crystal is made of sapphire. The watch's back cover, securely screwed down, is crafted from gold. This timepiece is not only a fantastic collector's item but also draws the attention of numismatists not just in India but worldwide. The current price of the watch stands at a substantial Rs 3,15,000/- (Rupees Three Lakh Fifteen Thousand Only). Jaipur Watch Company stands out as India's exclusive bespoke wat...

The Coins of India will be Twenty in 2020!

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Starting from the current fiscal year, a new denomination coin of twenty rupees is set to be circulated. The 20-rupees coin is part of the new series unveiled by the Hon'ble Prime Minister Shri Narendra Modi in March 2019, specifically designed for the visually handicapped and will soon enter general circulation. The Mumbai mint has supplied approximately one million coins to the Reserve Bank of India, and it is expected that these coins will soon reach regional offices before being issued to banks. Last year, the Hon'ble Prime Minister Shri Narendra Modi introduced coins as part of the Visually Handicapped Disabled Friendship Series, encompassing ₹1, ₹2, ₹5, ₹10, and now ₹20 denominations. All coins in this series share a common design, with the ₹2, ₹5, and ₹10 coins already in circulation. The introduction of a twenty rupees coin marks the first time in the history of the Republic of India that such a denomination has been introduced. The 20 rupees coin features a 12-polygon...

Are Graded Sample Slabs Worth It?

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Several reputable coin grading services globally began issuing world sample slabs in the early 1990s. In India, this trend started a few years ago when NGC (Numismatic Guaranty Corporation), one of the most esteemed coin grading companies, initiated operations with select reputable stores and auction houses for coin grading submissions . During the National Numismatic Exhibition 2020, the NGC team offered a promotional sample slab of a 5 Paise 1967, Calcutta Mint, as a complimentary takeaway. To identify the sample slab, one can check the NGC label, which explicitly states "SAMPLE" instead of the grade, even though the coin grading scale is often higher. The first intriguing question that arises for many is the valuation of a sample slab and its connection to our favorite hobby. The 5 Paise 1967 from the Calcutta Mint is a common coin widely circulated, typically not costing more than ₹20 in uncirculated condition. The submission service fee per coin is approximately ₹1,500 ...

Use Digital Payments to Prevent the Spread of Coronavirus!

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In light of the outbreak of the coronavirus disease, experts suggest that the virus can potentially spread through currency notes. Consequently, transitioning to digital modes of transactions is recommended. However, complete avoidance of cash, especially in a country like India, may not be entirely feasible. Therefore, there is a demand for a safer alternative to paper currency notes. To prevent the spread of viruses through cash, SBI Research has recommended that the government explore the feasibility of adopting polymer currency notes instead of traditional paper currency notes, following the practices of countries like Australia, the United Kingdom, and Canada. In its 'Ecowrap' report dated March 17, 2020, SBI Research stated, "Even with due precautions, avoidance of cash usage cannot be guaranteed, making it one of the easiest carriers for spreading any virus. Therefore, immediate steps should be taken to prevent the spread of any virus through currency notes. Countri...

Comparison of the New ₹10 Coin with the Older ₹10 Coins

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The long-awaited new ₹10 coin of the new series 2019, first released last year, has now begun entering circulation from most of the India Government Mints.  Collectors and the general public have reported receiving these coins more frequently in recent weeks, marking the gradual phase-out of earlier bi-metallic ₹10 coin varieties that had long faced quality concerns. The new series ₹10 coin shows a noticeable improvement in overall minting quality and finish when compared to its predecessors. This upgraded coin continues the bi-metallic format but features a nickel–silver center, surrounded by a nickel–brass outer ring. This combination not only enhances the visual appearance of the coin but also significantly improves resistance to tarnishing and moisture. In contrast, earlier ₹10 coins used a copper–nickel core paired with an aluminum–bronze ring, a composition that was more susceptible to oxidation. As a result, many of the older coins developed dull or patchy surfaces after exp...

Bangalore Coin Exhibition 2020 by Falcon Coins Gallery

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The Falcon Coins Gallery proudly announces its inaugural Bangalore Coin Exhibition on 3rd, 4th, and 5th July 2020 at Shikshak Sadan, K.G. Road, Near Mysore Bank, Majestic, Bangalore - 560002. This event provides an opportunity to Buy, Sell, and Exchange Old Coins, Banknotes, and Medals. Attendees can interact with numerous dealers participating from across the nation. Falcon Coins Gallery is a Private Limited Company with a two-floor showroom located opposite the Majestic Bus Terminal in Bangalore. They serve a diverse clientele, including walk-in customers, collector enthusiasts, and members of the Numismatic Society.  Their extensive collections cover a wide range of dynasties, featuring items dating as far back as 600 B.C. In addition to showcasing and selling coins and currencies, they offer assistance to collectors in organizing their collections thematically. Moreover, they provide accessories for coins and currencies under a distinct brand known as Moneytree Access...

Is the Rs 2000 Banknote Being Phased Out or Banned?

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Recently, there have been reports and rumors circulating about the potential demonetization or banning of the Rs 2,000 high-denomination banknote. The Reserve Bank of India (RBI) has ceased printing Rs 2,000 banknotes and is gradually withdrawing them from circulation. Consequently, once deposited into banks, the Rs 2,000 banknotes are expected to have limited circulation, particularly in ATMs. Although the highest-value currency remains legal tender, it is anticipated to be phased out gradually. Banks are in the process of re-calibrating ATMs to substitute high-value Rs 2,000 notes with Rs 500 notes. While there is no official confirmation from the Reserve Bank of India (RBI) or other authorities, this adjustment is speculated to be part of the central bank's strategy to monitor the total amount of high-value currency in circulation. Contrary to social-networking messages spreading rumors, the government has officially clarified that no such move is being considered by the RBI. Th...