New Rs 75 Coin: On the occasion of the inauguration of the new Parliament building, Prime Minister Narendra Modi launched a commemorative coin of Rs. 75 coins with a special postage stamp. The Finance Ministry, during the launch of the new commemorative coin, said: “The seventy-five rupees coin will be minted at the Mint for issue under the authority of the Central Government on the occasion of the inauguration of the New Building of the Parliament. “In a way, this also celebrates the 75th year of India’s independence, which was widely celebrated under the banner of Azadi ka Amrit Mahotsav.
– NSitharamanOffice (@nsitharamanoffc)
May 28, 2023
— AIN (@ANI)
May 28, 2023
As India’s new Parliament building is inaugurated, our hearts and minds are filled with pride, hope and promise. May this iconic building be a cradle of empowerment, igniting dreams and turning them into reality. May it propel our great nation to new heights of progress. pic.twitter.com/zzGuRoHrUS
– Narendra Modi (@narendramodi)
May 28, 2023
What is a commemorative coin?
A commemorative coin is a coin produced to commemorate a special occasion, event or issue. These coins usually have a unique design that reflects the occasion for which they were created. Despite being authorized currency, these coins are not produced for widespread use.
What are the features of the new 75 rupee coin?
According to the official statement from the Department of Economic Affairs, the coin would weigh between 34.65 and 35.35 grams. It will have an image of the Lion Capital of the Ashoka Pillar in the centre, with the words ‘Bharat’ in Devanagari script and ‘INDIA’ in English on either side. It will also have the rupee symbol “₹” and the denomination value “75” in international numerals inscribed below the Lion Capital. On the other side will appear the Parliament Complex to commemorate the occasion and the year “2023” in international numbers. And the composition of the commemorative coin is divided into four alloy parts, 50% silver, 40% copper, 5% nickel and 5% zinc.
Source: Ministry of Finance, Twitter.
When, where and how to buy the new 75 rupee coin?
These coins are available for purchase as collectibles both online and offline. Advertisements in newspapers for reservations of these commemorative coins begin even before release or release for a certain period of time. It is necessary to reserve commemorative coins in advance, sometimes the deadline extends between three and six months in advance. You can even visit the mint in person to purchase the coin. On the other hand, these coins can be ordered from the government website, www.indiagovtmint.in. People can make payments for their purchases through debit/credit cards and demand drafts. However, the mint does not accept cash or checks for commemorative coin purchases. And don’t forget to keep your PAN card handy if the coin count exceeds 10.
What is the price of the new 75 rupees coin?
So far, the government has not included the price of the currency. And whoever buys it at the Mint can find out about it directly from the officials. Mint houses usually provide all the details of the coins on their notice board. Since 1960, India has produced 150 commemorative coins for a variety of occasions, including commemorating important people, promoting government initiatives, and remembering important eras in history. The Coinage Act of 2011 gives the central government the authority to create and mint coins of different denominations. As far as minting is concerned, the RBI’s responsibility is limited to distributing coins provided by the national government.
List of all Prime Ministers of India (1947-2023)