On Sunday, May 28, Prime Minister Narendra Modi issued a commemorative coin with a face value of Rs 75 to mark the grand opening of the new Parliament building.
Since the 1960s, India has manufactured commemorative coins to honour renowned individuals, raise awareness of government initiatives, and memorialise significant historical moments.
The Ministry of Finance initially announced the debut of the coin in a notification that was made public on May 25, 2023, “The coin of Seventy-Five Rupees denomination shall be coined at the Mint for issue under the authority of the Central Government on the occasion of the inauguration of the New Parliament Building,”
Astounding Features of the Newly Launched Rs 75 Coin
According to an announcement from the Ministry of Finance, the latest mintage of the Rs. 75 coin has a 44mm diameter and is round. The coin is made of a quaternary alloy composed of 50% silver, 40% copper, 5% nickel, and 5% zinc.
According to the Government newsletter, the Lion Capital of the Ashoka Pillar is depicted in the middle of the coin, with the Hindi language “Satyameva Jayate” written below. The words “Bharat” and “INDIA” will be written in Devnagri script on either side of the coin. The other side of the coin, it was added, shows a picture of the future parliament building. The words “Sansad Sankul” are printed in Devanagari script on the coin’s upper periphery, and “Parliament Complex” is written in English there.
How to Get this Commemorative Coin?
To acquire this commemorative coin, one can visit the website of the Securities of Printing and Minting Corporation of India Limited (SPMCIL). These coins are frequently made of precious metals like silver or gold, with the most recent commemorative coin being 50% silver. They are primarily intended as collectables because their value may not always match their face value.
Who Can Make the Coin?
The federal government has the authority to create and manufacture coins in a range of denominations thanks to the Coinage Act, of 2011. The central government’s supply of coins is all that the RBI is responsible for dispensing in the case of coins.
Wrapping Up
In 1964, the nation produced its first commemorative coin in memory of Jawaharlal Nehru, who had passed away the previous year. The government also released a commemorative coin in 2018 with a face value of Rs 100 to honour our former prime minister Atal Bihari Vajpayee. Prime Minister Narendra Modi released these Rs. 75 commemorative coins with a unique postal stamp to mark the opening of the new parliament building.
