Discover the special Rs 75 coin unveiled by Prime Minister Narendra Modi at the inauguration of the new Parliament building.
Secondly, this page describes the characteristics, significance, and availability of this unique commemorative coin. Find out where you can buy it and how much it is worth as a collector’s item.
Unveiling the Significance of the Rs 75 Coin
The newly issued coins have enormous historical significance because it celebrates the inauguration of India’s new Parliament building.
Learn more about the significance of commemorative coins and the country’s longstanding tradition of recognizing significant events and persons since 1964.
Features and Design of the Rs 75 Coin
Discover the unique characteristics of the new coin that make it a desirable collector’s item.
This round coin has a diameter of 44 mm, a weight of 35 grams, and 200 serrations along its edges.
It is a quaternary alloy composed of 50% silver, 40% copper, 5% nickel, and 5% zinc.
Symbolism in the Design
Investigate the motifs shown on the face and reverse sides of the Rs 75 coin.
However, the coin’s face depicts the famed Lion Capitol of Ashoka Pillar, with the inscription “Satyameva Jayate” beneath it.
The word “Bharat” is written in Devnagri script on the left edge, while “INDIA” is written in English on the right.
On the reverse is an intricately made depiction of the new Parliament building, with the inscriptions “Sansad Sankul” and “Parliament Complex” in Devanagari and English, respectively.
Procuring the Rs 75 Coin
Learn how to obtain this limited-edition commemorative coin. Though, the coin is available for purchase on the India Government Mint’s official website, www.indiagovtmint.in.
Although the government has not yet published the price, it is crucial to know that commemorative coins generally have a higher worth than their face value due to their precious metal content.
Understanding the Value and Use
Discover the intrinsic worth of the Rs 75 coin and its function as a collector’s item.
While it is extremely valuable to numismatists and coin collectors, it cannot be utilized for everyday transactions or general circulation.
Discover India’s rich history of commemorative coins, with over 150 such coins issued since 1964, including the initial coin honoring India’s first prime minister, Jawaharlal Nehru.
Evaluating the Market Price
Learn about the market price dynamics of the coin. According to moneycontrol, the raw material costs alone amount to a minimum of Rs 1,300, according to Yogesh Singhal, head of the Bullion Jewellers Association. The final selling price, however, will be established by the government.
The Design Process and Distribution
Learn about the Indian authority in charge of designing and minting commemorative coins. In short, the national government has the authority to mint coins of various denominations under the Coinage Act of 2011.
Thus, the Reserve Bank of India (RBI) distributes these coins, having minting facilities in Mumbai, Hyderabad, Kolkata, and Noida.
Conclusion
Finally, the issue of the Rs 75 coin to celebrate the new Parliament building is a watershed point in Indian history.
This exceptional collector’s item captures the spirit of the occasion and serves as a physical memento of India’s progress.
Visit the India Government Mint website to secure this one-of-a-kind coin and add a touch of historic magnificence to your collection.
Frequently Asked Questions (FAQs)
Q1. Can I use the Rs 75 coin for everyday transactions?
No, the Rs 75 coin is a commemorative coin and is not intended for general circulation. It holds value as a collector’s item rather than as a medium of exchange.
Q2. Where can I buy the Rs 75 coin?
You can purchase the Rs 75 coin from the official website of the India Government Mint, www.indiagovtmint.in. Keep in mind that the price has not been announced yet, but it will be available for sale on the website.
Q3. What is the composition of the Rs 75 coin?
The Rs 75 coin is made of a quaternary alloy comprising 50% silver, 40% copper, 5% nickel, and 5% zinc. This composition gives the coin its distinctive appearance and value.
Q4. How many commemorative coins have been launched in India?
India has released over 150 commemorative coins since 1964, with each coin commemorating a significant occasion, notable personality, or government scheme.
These coins hold historical and numismatic value for collectors and enthusiasts.
Q5. Who designs and mints the special coins in India?
As per the Coinage Act 2011, the central government of India is responsible for designing and minting coins of various denominations.
The coins are then distributed by the Reserve Bank of India (RBI) to meet the country’s coinage requirements. As well as, the minting process takes place in Mumbai, Hyderabad, Kolkata, and Noida.
