Posts

Shaktikanta Das Reappointed as RBI Governor for Three Years

Image
The Government of India has reappointed Shri Shaktikanta Das as Governor of the Reserve Bank of India (RBI) for a further period of three years, as per the official order issued on October 28, 2021. The official order stated that the Appointments Committee of the Cabinet had approved the reappointment of Shri Shaktikanta Das as Governor of the Reserve Bank of India for a period of three years beyond December 10, 2021, or until further orders, whichever was earlier. The committee is headed by the Hon'ble Prime Minister Shri Narendra Modi. Shri Shaktikanta Das had originally assumed charge as the 25th Governor of the Reserve Bank of India on December 12, 2018, succeeding Dr. Urjit R. Patel. His initial term was for three years, and with this decision, he will continue to lead the central bank for another three years. The reappointment is notable as it provides continuity at the helm of the Reserve Bank of India at an important time for the Indian economy. The central bank continues...

Is India's First Coloured Coin Coming Soon?

Image
As per recent rumors circulating among numismatists and insiders during the recent Mumbai and Hyderabad coin fairs and exhibitions , the India Government Mint is rumored to introduce the first coloured coin in India soon. There might be commemorative coins in non-circulating Proof and Uncirculated sets, as there have been no recent circulating commemorative coins in smaller denominations. Only definitive series coins in denominations of ₹1, ₹2, ₹5, ₹10, and ₹20 are currently issued. This move towards innovative coins could significantly elevate the art of coin manufacturing. Innovative coins can make a lasting impact on the numismatics industry by employing cutting-edge striking techniques to captivate collectors with distinctive and exclusive designs. Success in this endeavor hinges on the meticulous maintenance of special ink development, polished design, textured surface, production room environment, cure time, and temperature. In the recent release of commemorative coins in India...

Caution: Beware of Counterfeit Coin Dealers Peddling Fake Coins

Image
Unethical individuals are engaging in fraudulent activities by selling counterfeit coins and tokens at exorbitant prices on well-known e-commerce platforms such as Shopclues. Notably, fake ₹1000 coins featuring Shri Jagannath Nabakalebara and Brihadeeswarar Temple are being offered for sale at prices exceeding ₹4000. Instead of "Jagannath," it is spelled as "Jagganath" on the obverse of the Brihadeeswarar Temple coin. The Shri Jagganath Nabakalebara coin features the rupee symbol on the obverse. Several fraudulent sellers are exploiting new coin collectors, causing innocent individuals to lose their hard-earned money and interest in Indian Numismatics. The India Government Mint issues commemorative coins in UNC and Proof Sets, which can be purchased through their official website at SPMCIL (Security Printing & Minting Corporation of India Ltd). Additionally, these coins are available at reputable numismatic stores and auction houses.

Kolkata Mint Opens Bookings for Srila Prabhupada Coin

Image
The India Government Mint, Kolkata has opened the advanced bookings of ₹125  commemorative coin  issued on   Srila A.C. Bhaktivedanta Swami Prabhupada .  The booking period for the coin is open from 7th September 2021 to 31st  March 2022.  On September 1, 2021, Prime Minister Narendra Modi released the commemorative coin via video conference to mark the 125th Birth Anniversary of Srila A. C. Bhaktivedanta Swami Prabhupada, the Founder-Acharya of Iskcon. The  commemorative coin  is available in Folder/Blister packaging, priced at ₹3,297/- for the Proof set and ₹3,063/- 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.

PM Modi Releases ₹125 coin on Srila Bhaktivedanta Swami Prabhupada

Image
The Hon’ble Prime Minister, Shri Narendra Modi, released a ₹125  commemorative coin  to mark the  125th Birth Anniversary of Srila Bhaktivedanta Swami Prabhupada , via video conference, on September 1, 2021. Union Minister for Culture, Tourism, and Development of North Eastern Region (DoNER), Shri G. Kishan Reddy, and other dignitaries were present on this significant occasion. Addressing the gathering, the Prime Minister highlighted the auspicious coincidence of Janmashtami being celebrated the previous day and the 125th Birth Anniversary of Srila Prabhupada Ji being observed on the present occasion. He remarked that it felt like experiencing the joy and fulfillment of spiritual practice together. He also noted that the event was taking place during the celebrations of Azadi ka Amrit Mahotsav, reflecting a moment of collective pride for millions of followers of Srila Prabhupada and Krishna devotees across the world. The Prime Minister spoke of Srila Prabhupada’s unwaveri...

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...