Well in the morning of 15th August 2011 ,millions of Times Of India readers across India woke up to a pleasant surprise & why not ?? They found exact same copy of TOI dated 15th August 1947 appended with their regular TOI edition .Yes,it was commemorative copy . It had a special meaning to it & touched the national sentiment .That is just a tip of an iceberg .Not just newspaper but various special editions (read commemorative editions) of a book or a magazine, or other item are released in memory of a special events all round the year. Then why not coins??? or some may call it ,'commemorative coins'???
It gives me great satisfaction to inform you people that Commemorative coins are issued in India since 1964 ! The first one was issued depicting none other but India's first Prime Minister Jawaharlal Nehru to commemorate his birth anniversary. After which there were many such Commemorative coins issued in memory of many such great people & historic events .These were produced by four Indian mints, namely Mumbai, Kolkata, Hyderabad and Noida.
They were circulated in planned way taking into consideration various aspects of general circulation & coin collectors .Specially marketed packages of Commemorative coins were issued. These Specially marketed packages were of two types ,first type named 'Uncirculated' set and second type which was more expensive ,named 'Proof'sets.
Though Commemorative coins have been issued in various denominations, ranging from 5 paise to 100 rupees, the quantity of each denomination is decided on the very basic assumption that lower denomination coins are usually for general circulation whereas the higher denominations are meant for collection purposes only. Besides also want to add,lower denomination coins are similar to regular coins when it comes to metal composition whereas higher denominations usually contain some silver
Well ,coin collectors like me are more interested in collecting specially issued collector commemorative coins . So here's an advice to all my fellow coin collectors : you can order such coins directly from mints in time period as specified by govt therein OR you also have another option to get them from various coin dealers at marked up prices.Also,UNC (uncirculated) sets and proof sets are issued by IG (Indian Government) mint, Alipore, Kolkata or IG mint, Mumbai.
In this era of privatization & corporatization ,govt is trying to give more freedom to respective Industries which previously were completely owned by Govt. It took similar decision in this field as well. It was in the year 2006 when Government of India took a historic decision to Corporatise all the Mints and Presses.Corporation named Security Printing and Minting Corporation of India Ltd. was formed. It had Nine Units (Mints, Presses &Paper Mills) .It was formed under the Department of Economic Affairs, Ministry of Finance.
It gives me great satisfaction to inform you people that Commemorative coins are issued in India since 1964 ! The first one was issued depicting none other but India's first Prime Minister Jawaharlal Nehru to commemorate his birth anniversary. After which there were many such Commemorative coins issued in memory of many such great people & historic events .These were produced by four Indian mints, namely Mumbai, Kolkata, Hyderabad and Noida.
They were circulated in planned way taking into consideration various aspects of general circulation & coin collectors .Specially marketed packages of Commemorative coins were issued. These Specially marketed packages were of two types ,first type named 'Uncirculated' set and second type which was more expensive ,named 'Proof'sets.
Though Commemorative coins have been issued in various denominations, ranging from 5 paise to 100 rupees, the quantity of each denomination is decided on the very basic assumption that lower denomination coins are usually for general circulation whereas the higher denominations are meant for collection purposes only. Besides also want to add,lower denomination coins are similar to regular coins when it comes to metal composition whereas higher denominations usually contain some silver
Well ,coin collectors like me are more interested in collecting specially issued collector commemorative coins . So here's an advice to all my fellow coin collectors : you can order such coins directly from mints in time period as specified by govt therein OR you also have another option to get them from various coin dealers at marked up prices.Also,UNC (uncirculated) sets and proof sets are issued by IG (Indian Government) mint, Alipore, Kolkata or IG mint, Mumbai.
In this era of privatization & corporatization ,govt is trying to give more freedom to respective Industries which previously were completely owned by Govt. It took similar decision in this field as well. It was in the year 2006 when Government of India took a historic decision to Corporatise all the Mints and Presses.Corporation named Security Printing and Minting Corporation of India Ltd. was formed. It had Nine Units (Mints, Presses &Paper Mills) .It was formed under the Department of Economic Affairs, Ministry of Finance.
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