Posts

Mumbai Mint Opens Bookings for University of Lucknow Coins

Image
The India Government Mint, Mumbai has opened the bookings of ₹100  commemorative coin  issued on ' Centennial Celebration of University of Lucknow .'  The booking period for the coin is open from 18th August 2021 to 30th September 2021. The commemorative coin was released on November 25, 2020, to mark the Centennial Foundation Day of the University of Lucknow. The honorable Prime Minister, Shri Narendra Modi, unveiled the coin through a video conference. The  commemorative coin  is available in Folder/Blister packaging, priced at ₹3,615/- for the Proof set and ₹3,100/- for the UNC set. These coins 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 Bookings " section for your reference and convenience.

Launch of Indian Coinage Book 8th Edition by Shri Sainath Reddappa

Image
It was a distinctive opportunity for numerous collectors who participated in the webinar on "The Coinage of India from 1835 to Till Date" and the book launch of Indian Coinage 8th Edition by Shri Sainath Reddappa on Zoom, facilitated by Mr. Hardik Parekh of Falcon Coin Gallery. Shri. Sainath Reddappa, Shri. Dr. Dilip Rajgor, Shri. Ravi Shankar Sharma, Shri. Raj Gyanee, Shri. Venkata Narasimhan and Shri. Craig Fernandes were speakers who all gave a brief overview on Coinage of India before the book launch. The book offers a complete guide for a numismatist who collect coins of British India, Portuguese India and Republic India. Actual sized Images of every coin and enlarged images of coins where ever needed. Brief details of coin with respect to obverse & reverse details, size, shape, metal and weight with the entire catalog is numbered scientifically and systematically. You can get your copy at ₹975 by ordering online at  https://www.indiancoinage.in/ or by contacting Mr...

MoF issues Gazette Notification for Srila Prabhupada Coin

Image
The Government of India will issue a  commemorative coin  of ₹125 to mark the ' 125th Birth Anniversary of A. C. Bhaktivedanta Swami Prabhupada .' The Ministry of Finance issued the gazette notification on July 19, 2021, confirming the coin. Srila Abhay Charanaravinda Bhaktivedanta Swami, also known as Srila Prabhupada, born Abhay Charan De, was an influential Indian spiritual teacher and the founder-acharya of the International Society for Krishna Consciousness (Iskcon), commonly recognized as the "Hare Krishna Movement." The  metal composition  of the ₹125 coin will consist of a Quaternary Alloy, comprising 50% Silver, 40% Copper, 5% Nickel, and 5% Zinc. The coin will weigh 35 grams and have a diameter of 44 mm, featuring 200 serrations along the edge. The coin's description is as follows. Obverse:  The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the center with the legend "सत्यमेव जयते" inscribed below, flanked on the left periphe...

New Commemorative Coin: A. C. Bhaktivedanta Swami Prabhupada

Image
The Government of India is reportedly planning to issue a ₹125 commemorative coin to mark the 125th Birth Anniversary of A. C. Bhaktivedanta Swami Prabhupada, the Founder-Acharya of the International Society for Krishna Consciousness (ISKCON).  This proposed coin is expected to honor the spiritual luminary whose teachings have had a profound and lasting impact on both Indian and global culture. Born Abhay Charan De and later known as Srila Prabhupada, he established ISKCON, popularly recognized as the "Hare Krishna Movement," which has played a pivotal role in spreading Vedic philosophy, devotional practices, and the principles of Krishna consciousness worldwide. Under his guidance, numerous temples, cultural programs, and educational initiatives were established, inspiring millions of followers across continents. The commemorative coin is expected to feature a portrait of Srila Prabhupada, accompanied by inscriptions reflecting his spiritual legacy. Such a gesture not only...

New Series of ₹1 Coins Expected to Enter Circulation Soon!

Image
In 2019, the Hon'ble Prime Minister Shri Narendra Modi launched the new definitive series of Indian coins, marking a significant milestone in the country’s numismatic history.  This series includes denominations of ₹1, ₹2, ₹5, ₹10, and ₹20, each featuring updated designs, improved minting quality, and enhanced durability. The ₹2, ₹5, and ₹10 coins were introduced into circulation the same year, while the ₹20 coin gradually became available to the public in the second half of 2020. Despite the announcement and anticipation, the new ₹1 coins for the years 2019 and 2020 have not yet appeared in circulation, leaving collectors and the general public eagerly awaiting their release. According to the Reserve Bank of India’s Annual Reports, substantial quantities of these new ₹1 coins were minted and supplied to the RBI’s chests—approximately 1,093 lakh units in the financial year 2019–20 and another 1,000 lakh units in 2020–21. The reports also note that about 458 lakh units of the new ₹...

Refusal of the New ₹20 Coins by Many Raises Concerns

Image
An unusual situation has arisen in numerous cities in India, where traders, shopkeepers, and vendors are refusing to accept the newly introduced ₹20 coins. This scenario echoes the past issue with ₹10 coins when rumors circulated about their authenticity. Unfortunately, many citizens remain unaware of the existence of the new ₹20 coin. The newly minted ₹20 coins are produced at all four mints, namely Mumbai, Kolkata, Hyderabad, and Noida. These mints have dispatched consignments of coins to the Reserve Bank of India (RBI), which, in turn, distributes them to banks through regional offices. Despite these efforts, some uninformed citizens are casting doubt on the coins and refusing to accept them. Officials are actively working to raise awareness, but the response remains lukewarm. Bank officials report that, due to space constraints for coin storage, certain banks are limiting coin acceptance from an individual customer to ₹100 per day. Some banks suggest customers deposit coins in acco...

New Commemorative Coin: Sri Guru Tegh Bahadur Ji

Image
The Government of India will issue a  commemorative coin  of ₹400 to mark the occasion of 400th Birth Anniversary of Sri Guru Tegh Bahadur Ji . The Ministry of Finance issued the gazette notification on April 29, 2021, officially confirming the release of the coin. Gurudwara Guru Ka Mahal Sri Guru Tegh Bahadur Ji, the ninth Sikh Guru, is revered as the “Hind dī Chādar” for his supreme sacrifice to protect religious freedom and human dignity. A spiritual luminary and poet-saint, he emphasized compassion, courage, and the importance of rising above fear and attachment. His martyrdom in 1675 stands as a timeless symbol of selflessness, as he willingly gave his life to defend the rights of others, regardless of their faith. His teachings, preserved in the Guru Granth Sahib, continue to inspire humanity toward righteousness, peace, and universal brotherhood. The  metal composition  of the ₹400 coin will consist of a Quaternary Alloy, comprising 50% Silver, 40% Copper...