New series is likely to be announced by this year end.
50 p and 1 Rupee may be omitted
20 Rupees may be announced
Themes shortlisted are
Digital India
Women Empowerment
Defence Sector Development
Swachch Bharat
Omitting rs1, may not happen. It is still a widely used denomination.
Primary reason for demise of a denomination is that it has stopped being an item of economic consequence.
1 Rupee no longer carries much significance and the demand for the coin has almost vanished.
For reference see these links
https://timesofindia.indiatimes.com/city/agra/no-takers-for-re-1-coins-in-up-banks-warn-people-refusing-legal-tender/articleshow/60091189.cms
https://www.complaintboard.in/complaints-reviews/small-1-rupee-coin-l645977.html
http://www.thehindu.com/news/national/other-states/beggars-demonetise-one-rupee-coin-in-up/article22397559.ece
Its good to hear about new designs, but staying in NCR I would say 1 Rupee coin is still very much needed and should not be discontinued.
Also, i would love to see the original grain design for 1 Rupee coin in co-commemorative issue in silver or gold (in same size and weight as original ) by mints like the 1 DM german gold version was there for collectors.
--JNite
Staying in NCR😃
One stopped getting even a glass of cold water for 1 Rupee. This summer, it was/is 2 Rupees.
Right from 1960s, the lowest denomination of India circulation coins has been equal to a glass of cold water in Delhi. Ask some one if you are not senior enough, it used to be just 1 paisa and then doubled in price( to 2 paise), like this season.
Yes, I am not senior enough to buy a glass of water at 1 paise but still It's my personal opinion that demonetisation or stopping circulation would be a problem as change is always needed in even or odd values and 1 Rupee is needed here.
Also, I am completely clueless why Government started printing 1 Rupee banknotes suddenly which costs more to print then it's circulating value.
Also, my favourite of all designs is the 1 Rupee grain design which from starting was same till the Rupee symbol and mudra coins which gave the INR a new identity but took away the identity of the Rupee coin.
Whatever the govt decides it's upto them, but as collector I would always want the 1 Rupee coin to never loose its value and design( which it did after introduction of Mudra and later Rupee symbol).
It is still a thought that 1/- coin be not issued. I do not know when the final decision will be taken and what it would be.
Stoppage of 50 paise coin is almost a foregone conclusion.
There are very few branches of RBI in Eastern part of India who indent it and only Kolkata mint minted it last in 2016.
1/- Grain design was last minted in 2004 and was succeeded by Unity in Diversity theme for period 2004 to 2006, before getting replaced by Mudra design. Just to make sure that you did not miss it.
There are some big customers who still pick up 1/- coins in bulk, like Delhi and other metros, which have token vending machines. Worldwide, this is not the practice. London Underground has card/ token vending machines which dispenses only 2 Pound coins. This all tokens are rounded to 2 Pound price.
I do not think it will be possible to do away with the 1 rupee - Just think of all the rituals where it is "mandatory" to give gifts / offerings in amounts ending with a 1 at the end (a very auspicious figure).
On a more serious note, one need the 1 rupee with the two rupees to make up a total of 5, or any odd digit number, Another point to consider is that the government has reintroduced the 1 rupee notes some time back. Would it do away with the coin?
Amit
Quote from: asm on June 19, 2018, 03:08:36 AM
Another point to consider is that the government has reintroduced the 1 rupee notes some time back. Would it do away with the coin?
If the 1 rupee amount is mostly used for ceremonial purposes, it would actually be good government policy to produce the denomination in paper only. The target clientele would actually appreciate being able to give a banknote, the production cost would be lower and the speed of wear would be irrelevant.
Peter
Quote from: asm on June 19, 2018, 03:08:36 AM
I do not think it will be possible to do away with the 1 rupee - Just think of all the rituals where it is "mandatory" to give gifts / offerings in amounts ending with a 1 at the end (a very auspicious figure).
Long before Rupee became a minor value, it was rounding to odd numbers in paise. When it was almost decided to abolish 1 paisa in 1964, a 3 paise coin was introduced in 1964. Do you think that could be done for Rupee too? Persons, arithmetically challenged, may not be able to generate odd figures like 11, 21, 31, 51 etc. but it can be done.
Some people will ask for a 9 Rupee coin so that they can buy Bata shoes priced at 1499/- or 2199/- etc. Do you think that should be issued too?😄
Quote from: asm on June 19, 2018, 03:08:36 AM
Another point to consider is that the government has reintroduced the 1 rupee notes some time back. Would it do away with the coin?
It has been asked by several persons as to why was 1/- note reintroduced? Even I had that question in mind and it remained unanswered.
It was introduced during the time of Rajiv Mehrishi, who was from Rajasthan.
So I asked top numismatist of Rajasthan.
Technically speaking, both coins and 1/- note are money and are issued by Government of India. They are the assets of the Government and the government enjoys seigniorage as profit. The 1/- note is, for all practical purposes, a coin made of paper. The high cost associated with notes is that if they are used regularly, they have a very short life which is inversely proportional to their denominational value.
Other notes are promissory notes of RBI and they indicate the liability of RBI. The RBI is under obligation to replace them at face value when they get soiled.
According to that numismatist, Rajasthan has a tradition of guests in a wedding offering garland of notes to the newly married bridegroom. It amounts to giving cash to young couple to set up their new home ( although I believe that it is more in some northern states like Punjab but I may be wrong). The cost of this notes garland is normally face value of notes plus making charges. However, there is a well built ecosystem of this garlands being reused by a open buyback of such garland and reselling by businesses who supply other wedding paraphernalia. In other words, these notes have really long life since the notes are kept out of day to day transactions.
Hence a man from Rajasthan decided to reintroduce 1/- notes. They are now cornered by collectors and garland makers.
Kindly note that I can not vouch for correctness of this theory ( or hypothesis).
All in all we moved away from the original topic started by Pavitra ji about new series and showed concerns about the 1 Rupee coin.
Getting back to the topic I will be most interested in "Defence Sector Development" topic for the new series although other series would be nice to see.
It would be great to see how the designers come up with unique designs for selected topic(s) and how mints would produce them with quality or error finish (mostly work of Kolkata mint).
Quote from: asm on June 19, 2018, 03:08:36 AM
I do not think it will be possible to do away with the 1 rupee - Just think of all the rituals where it is "mandatory" to give gifts / offerings in amounts ending with a 1 at the end (a very auspicious figure).
On a more serious note, one need the 1 rupee with the two rupees to make up a total of 5, or any odd digit number, Another point to consider is that the government has reintroduced the 1 rupee notes some time back. Would it do away with the coin?
Amit
You are from Ahmedabad where even 5 Rupee notes are being refused
https://ahmedabadmirror.indiatimes.com/ahmedabad/cover-story/no-takers-for-rs-5-note-as-rumours-gain-currency/articleshow/64724921.cms
Its nice to hear about new series,,
The 1 rs. can not be taken straight away. Its much needed as change. Both 1 & 2 rs denomination shall be put to end if required, leaving behind multiples of 5 that will further increase the inflation.
The rs. 10 coin is pain in the ass of people as it is bulky & too heavy to carry 2-3 or more coins in mens wallet and general people don't simply accept it. I have seen people (Shopkeepers, factory owners mostly) changing the hoards of coins for rs. 940-960 for each 100 coins in Delhi. Don't know how 20 rs. going to be, for sure its not going be lighter & smaller than 10 rs. coin. God save us.
If one goes by objections to new 2011 series coins, the most common was that new 1/- was like old 50p and new 2/- was like old 1/-.
Going by that logic leaves very little for 10/- and 20/- in size, which must be greater than 5/- if that gets retained as it is. The other differentiating qualities are edge and shape.
It is precisely why 20/- shape is likely to be decagon.
They may have some special edge for 10/- apart from change of alloy if circular shape is retained.
On Wednesday, the government of India is expected to announce the issuance of a new standard circulating coin series. The new coin series will also consist of a 20 Rupees coin. It will circulate alongside previously issued coins.
Source of information or the occasion?
I believe that the new coinage series (including new bimetallic Rs 20) is still under approval process.
A Rs 20 coin may be coming, prototypes of new series to be presented - Republic (https://www.republicworld.com/india-news/economy/a-rs-20-coin-may-be-coming-prototypes-of-new-series-to-be-presented)
This will be finalised on 16th. Not release.
Quote from: Pabitra on January 14, 2019, 11:04:45 AM
Source of information or the occasion?
The Ministry of Finance of the place you live.
Quote from: kansal888 on January 14, 2019, 11:16:45 AM
I believe that the new coinage series (including new bimetallic Rs 20) is still under approval process.
Quote from: Navaneeth on January 14, 2019, 01:25:46 PM
A Rs 20 coin may be coming, prototypes of new series to be presented - Republic (https://www.republicworld.com/india-news/economy/a-rs-20-coin-may-be-coming-prototypes-of-new-series-to-be-presented)
This will be finalised on 16th. Not release.
As I have written in my message, on Wednesday there is expected to be an official statement
announcing the issuance of a new series of circulating coins. The coins won't immediately also be released into circulation.
I will be surprised if the new series is announced publicly tomorrow.
I think GoI is considering making serration marks on rims of coins as follows:
Re 1 coin: Circular with serrations in one quadrant
Rs 2 coin: Circular with serrations in two quadrants
Rs 5 coin: Circular with serrations in three quadrants
Rs 10 coin: Circular with serrations in four quadrants
Rs 20 coin: Multi sided Non circular
The above is intended to allow easy identification by visually impaired.
Regards
Sanjay Kansal
Quote from: kansal888 on January 14, 2019, 03:42:27 PM
I will be surprised if the new series is announced publicly tomorrow.
As I wrote in my first message it is expected to happen on Wednesday, not tomorrow.
It is indeed very well possible that changes will be made for the blind given the legal case of the blind association that is currently before the High Court.
Quote from: eurocoin on January 14, 2019, 02:10:40 PM
The Ministry of Finance of the place you live.
There is no such announcements by the Ministry of Finance in the place where I live.
Quote from: Pabitra on January 14, 2019, 05:28:36 PM
There is no such announcements by the Ministry of Finance in the place where I live.
Where have I said anything about me having obtained this information from
an announcement from the Ministry of Finance?
Anyway ever since I have been in contact with people from your part of the world (and I have spoken to over 100 of them so I know very well what I am talking about), I have had great difficulty getting anywhere with them. For now I will just ignore anything that may still happen in this topic. We know they are working on a new coin series (which can also be seen in the document linked to by Navaneeth), that information was not yet on the forum. Now it is.
Well the proof of the pudding is in the eating, so lets all wait till Wednesday, end of day in India to see if anything happens. However, I have indeed observed that kansal888 seems to regularly have sound insight on all things concerning new Indian coins, so I'm inclined to believe him (or her?).
I'm curious to see what the new INR20 coin looks like and I wonder based on these serration edges that Kansal888 talks about, will this new set be some sort of unified design like the pre-euro Dutch coins that Figleaf that explained elsewhere?
Quote from: eurocoin on January 14, 2019, 06:19:44 PM
Where have I said anything about me having obtained this information from an announcement from the Ministry of Finance?
Anyway ever since I have been in contact with people from your part of the world (and I have spoken to over 100 of them so I know very well what I am talking about), I have had great difficulty getting anywhere with them. For now I will just ignore anything that may still happen in this topic. We know they are working on a new coin series (which can also be seen in the document linked to by Navaneeth), that information was not yet on the forum. Now it is.
I am curious to know whether by 100 people, you are talking about officials within the Finance Ministry? If so, it would be interesting, without divulging specifics, of your thoughts on interacting with them. I work with several colleagues who are fairly recent immigrants here and every now and then, we talk about how different the realities of engaging with authorities here and over there are
Quote from: kansal888 on January 14, 2019, 03:46:09 PM
I think GoI is considering making serration marks on rims of coins as follows:
Re 1 coin: Circular with serrations in one quadrant
Rs 2 coin: Circular with serrations in two quadrants
Rs 5 coin: Circular with serrations in three quadrants
Rs 10 coin: Circular with serrations in four quadrants
Rs 20 coin: Multi sided Non circular
The above is intended to allow easy identification by visually impaired.
Regards
Sanjay Kansal
Kansal ji, even I am feeling the same. The coins were actually scheduled for 3-4 months back.
Dear Friends
In 2016, National Association for the Blind (NAB) filed a writ petition in the Mumbai High Court against RBI and GoI stating that our coins and bank notes do not have enough tactile features to be easily identified by visually impaired.
In 2017, All India Confideration of the Blinds filed a similar writ petition in Delhi High Court.
In response to these petitions, Govt came up with the idea of serrations in quadrants so that blinds can identify the coins by touch.
Govt has called a meeting on 16 Jan 2019 with the representatives of the Blinds to show them the proto type coins of new series.
Govt has shortlisted 3-4 new designs. As discussed in my earlier post, the new designs may have deep serrations in 1/2/3/4 quadrants.
However no change is expected in weight, size, thickness or metal composition of the blanks.
Regards
Sanjay Kansal
Quote from: eurocoin on January 14, 2019, 06:19:44 PM
We know they are working on a new coin series (which can also be seen in the document linked to by Navaneeth), that information was not yet on the forum. Now it is.
Dear Eurocoin
My good friend Pabitra Saha started a thread about the new coinage series sometime in mid 2018. At that time he wrote that the new series may be issued by end of 2018.
I request the moderator to please merge the two threads.
http://www.worldofcoins.eu/forum/index.php/topic,42912.0.html
Regards
Sanjay Kansal
Quote from: kansal888 on January 14, 2019, 03:46:09 PM
I think GoI is considering making serration marks on rims of coins as follows:
Re 1 coin: Circular with serrations in one quadrant
Rs 2 coin: Circular with serrations in two quadrants
Rs 5 coin: Circular with serrations in three quadrants
Rs 10 coin: Circular with serrations in four quadrants
Rs 20 coin: Multi sided Non circular
The above is intended to allow easy identification by visually impaired.
Regards
Sanjay Kansal
When you indicate one quadrant, I hope it will be fixed in relation to the design. I am not very sure if the alignment could be maintained if one notes the number of die rotation errors which are available in the Indian markets.
Quote from: Pabitra on January 15, 2019, 02:12:52 AM
When you indicate one quadrant, I hope it will be fixed in relation to the design. I am not very sure if the alignment could be maintained if one notes the number of die rotation errors which are available in the Indian markets.
Yes it is technically possible to fix the quadrant in which serrations are to be present.
However knowing the working of Indian mints, we may see a new series of errors - various combo of die rotation + serration rotation ;D ;D ;D
Quote from: Pabitra on January 15, 2019, 02:12:52 AM
When you indicate one quadrant, I hope it will be fixed in relation to the design. I am not very sure if the alignment could be maintained if one notes the number of die rotation errors which are available in the Indian markets.
I am not sure if die rotation will have any impact. The coin held with 4 fingers... One can sense how many fingers have serrations... At least that is the way I am thinking.
There could be wrong collar die and a one rupee can have more serrations.... So yes some error is possible but not much. I only saw in the current series a one rupee having serrations like 5 ... Weak imprint as steel vs nickel
Quote from: dheer on January 15, 2019, 02:49:15 PM
I am not sure if die rotation will have any impact. The coin held with 4 fingers... One can sense how many fingers have serrations... At least that is the way I am thinking.
There could be wrong collar die and a one rupee can have more serrations.... So yes some error is possible but not much. I only saw in the current series a one rupee having serrations like 5 ... Weak imprint as steel vs nickel
Die rotation does not have any impact on any type of coin but is important factor for error collectors.
Same will be for serrations.
Earlier too, the security edge and Reeded edge used to be important factor for visual checking. So used to be shape and size. Over a period of time, all coins tend to be round in general.
The size differentiation lost its meaning when new coins took size of older coins of lower denomination.
Recently Sri Lanka introduced its new series of circulation coins with different edges.
One of the coins, designed and minted by Kremnica mint, is the shape called " Spanish flower".
( so name since it was used in 50 Peseta of Pre Euro Spanish circulation coins for the first time)
It is used 20 (Euro) cents and Kremnica ( Slovakia) mint mints that shape regularly.
The indentation is less than what has been generally accepted in Sri Lanka for tactile identification.
I am yet to know if redesign is in the offing.
If my assessment is correct about indian minting process then I have reasons to believe that edges are ( other than plain ) by one or two step ( for security edge) process before the blanks are sent for striking. That is the reason why some 5 Rupee blanks are sold with Reeded edge.
The collar die is used where lettered edge is to be made.
Non use of collar die results in A or B type edge variations in 2 Euro coins.
It has also happened in Belgium 2 Euro coins have edge of Netherlands since the blanks were supplied by Utrecht mint to Brussels mint with letter edge already made and no collar die was used by Brussels mint.
Very exciting news. There was a news item on this with a letter dated 11th Jan citing the new series to be designed before the hearing of the case on 21st Jan, so @eurocoins might very well be correct in stating this.
On another note, with the kind of error coins the mints have been churning out, I pity the blind who might get very confused (if they were not confused before). In dark difficult to differentiate between the old Re 1 and new Rs 2 coins.
We can relate doing away of the Re 1 coin with the elimination of the 1 cent coinage in Canada and efforts to eliminate the cent in the USA and other countries. The cent does not buy anything but it is still minted for political reasons. There also seems to be a general support amongst the public to keep it. It looks similar and the Re 1 coin might just stay. I like the idea of the Rs 3 coin if they do away with the Re 1 coin too. It would be interesting to see how and why such odd denominations were introduced the world over. @Figleaf might have good knowledge and hope he starts a thread about the same.
This letter requests the Senior Advocate of the petitioner to attend a meeting to finalize the prototypes of the new series of the coin.
The intention is to finalize the new coins before the next date of hearing on 21 Jan 2019.
Three four different designs are under consideration. Even if the representatives of the Blinds accept one of the designs today, Ministry of Finance will have to take approvals of the Competent Authority.
Knowing how the GoI departments work, I will be surprised if a public announcement is made today regarding the new designs.
Quote from: kansal888 on August 31, 2018, 08:40:07 PM
Dear friends
I saw the experimental coins of rs 20 somewhere. Three designs were really beautiful.
Regards
Sanjay Kansal
Dear friends
I got the opportunity to see these designs before I moved to Middle East in August 2018. I posted about this on another thread.
Three designs were really beautiful. I hope one of the three designs get selected.
Other three designs were not so good. I hope they don't get selected.
Regards
Sanjay Kansal
has there been an update to this? I imagine it's already passed the working day in India
No announcement of any type on the subject.
The designs are yet to be finalised.
Possibly, the themes are based on populist measures by the present party in power and since a recently added populist measure is expected to be more powerful ( recent measures stay in memory more strongly in minds of voters in election year), it may get included at cost of some earlier policy initiatives.
There may be no announcement today, but the discussion indicate it's on the cards.
The information can be verified based on the letter of the Ministry of Finance of India referred to by Navaneeth. Although there doesn't appear to have been an official statement which was expected* to happen after the meeting on Wednesday, my message on topic.
*Forum members will find the meaning of this word in a dictionary.
Requesting all members to refrain from personal comments. We all get information from some other individuals. At times they are 100% correct at times partially.
Quote from: dheer on January 17, 2019, 01:31:15 PM
Requesting all members to refrain from personal comments. We all get information from some other individuals. At times they are 100% correct at times partially.
I agree with dheer.
Quote from: eurocoin on January 17, 2019, 01:02:37 PM
There may be no announcement today, but the discussion indicate it's on the cards.
The information can be verified based on the letter of the Ministry of Finance of India referred to by Navaneeth. Although there doesn't appear to have been an official statement which was expected* to happen after the meeting on Wednesday, my message on topic.
*Forum members will find the meaning of this word in a dictionary.
Well, by saying "expected", that's simply a lazy ploy to cover your bases, so that you'd be right whether there was an announcement or not (as you are doing now). As far as "enhanced value" is concerned, you didn't really contribute anything. Pabitra had already talked about a 20 rupee coin, Navaneeth had provided an actual source and Kansal888 provided the most interesting information on serrated edges and a non-circular 20rupee coin.
That said, you do provide good information elsewhere, just not in this case. There's no shame in that. Atleast you enlivened this thread :)
I regret that my previous message in this topic, as quoted by Quaziright, has now been heavily redacted and been almost completely rewritten by the moderator.
Quote from: quaziright on January 17, 2019, 01:55:49 PM
Well, by saying "expected", that's simply a lazy ploy to cover your bases, so that you'd be right whether there was an announcement or not (as you are doing now).
No, not at all. I obviously wouldn't have written it if it wasn't expected there would be an announcement at the end of the important meeting on Wednesday. In fact I still do not rule out there was not such statement.
Quote from: quaziright on January 17, 2019, 01:55:49 PMPabitra had already talked about a 20 rupee coin.
Pabitra had speculated about the 20 Rupees coin, exactly like he did with the demonetization of the 1 Rupee coin. We all know that didn't happen.
Quote from: quaziright on January 17, 2019, 01:55:49 PMNavaneeth had provided an actual source
Correct indeed, an official source from the Ministry of Finance of India that confirmed virtually everything that I had already written.
Can we have peace, please? :)
Just heard a news on some channel and from what I saw, ₹20 isn't bimetallic. :(
Aditya
Quote from: Bimat on January 17, 2019, 02:49:10 PM
Just heard a news on some channel and from what I saw, ₹20 isn't bimetallic. :(
Is it circular?
How many serrations?
Quote from: Pabitra on January 17, 2019, 02:53:44 PM
Is it circular?
How many serrations?
Yes, circular. But I am not sure if they used actual image of the coin, or if it was a different ₹20 coin from some proof set (I hope that's true!). They did not talk about number of serrations etc. The lady actually said it was demonetization round 2! ;D
Aditya
Quote from: Bimat on January 17, 2019, 02:49:10 PM
Can we have peace, please? :)
Just heard a news on some channel and from what I saw, ₹20 isn't bimetallic. :(
Aditya
Now you're just teasing :)
Quote from: eurocoin on January 17, 2019, 02:20:05 PM
I regret that my previous message in this topic, as quoted by Quaziright, has now been heavily redacted and been almost completely rewritten by the moderator.
No, not at all. I obviously wouldn't have written it if it wasn't expected there would be an announcement at the end of the important meeting on Wednesday. In fact I still do not rule out there was not such statement.
Pabitra had speculated about the 20 Rupees coin, exactly like he did with the demonetization of the 1 Rupee coin. We all know that didn't happen.
Correct indeed, an official source from the Ministry of Finance of India that confirmed virtually everything that I had already written.
Well if there is such a statement, I'm sure you will report it notwithstanding this fracas
Quote from: Bimat on January 17, 2019, 02:57:02 PM
Yes, circular. But I am not sure if they used actual image of the coin, or if it was a different ₹20 coin from some proof set (I hope that's true!). They did not talk about number of serrations etc. The lady actually said it was demonetization round 2! ;D
Indian media shows this coin as representative of 20 Rupees coin.
The new coin will have Rupee symbol,for sure.
Quote from: Pabitra on January 17, 2019, 03:03:38 PM
Indian media shows this coin as representative of 20 Rupees coin.
The new coin will have Rupee symbol,for sure.
That's right. Which means there are still hopes of a bimetallic.
Surprising that not a single news agency so far has reported the new coins. The one I heard on TV was a Marathi news channel.
Aditya
Indian mints used to supply bulk coins in bags which had packets of 100 pieces each.
The packet system has been stopped for 1 and 2 Rupees coins and now they come as bags of 2500 pieces each. Perhaps to cut costs.
For 5 and 10 Rupees still come in packets and packets in bags.
This indicates the status of 1 and 2 Rupees due to inflation. Perhaps 1 Ruppe will be reduced to status similar to 50 paisa, still legal tender, minted in one mint only, once in a while.
Would like to know from Indian friends if they have used or received 50 paisa coin in last 8 years?
I am unhappy with the way this thread has evolved. Personalities and nationalities were trying to trump newsworthyness. It doesn't matter who said what when. What matters is that news, based on facts comes out and comments can flow freely, while invective is removed. Dheer did his usual high quality job. Please follow his lead.
Quoting officials is well within journalistic best practices. I have spoken to journalists often enough, on and off the record to know. Rather than catch people out, we should be happy we have a group of people here who take the trouble to find out and share the news. Let's keep in mind that nobody will get a Pulitzer for posting on this site, so there is no reason for competition, let alone for language that is aggressive or unworthy of adults.
The above is not aimed at anyone in particular, but applies to all members and boards of this site.
Peter
Quote from: Bimat on January 17, 2019, 02:49:10 PM
Can we have peace, please? :)
Just heard a news on some channel and from what I saw, ₹20 isn't bimetallic. :(
Aditya
That's Nice. I guess that the proper announcement will be coming out in a week.
Quote from: eurocoin on January 17, 2019, 02:20:05 PM
Pabitra had speculated about the 20 Rupees coin, exactly like he did with the demonetization of the 1 Rupee coin. We all know that didn't happen.
Dear Eurocoin
I will be surprised if Rs 20 coin is not announced. ;D ;D ;D I think Rs 20 coin is very much in the pipeline..
Pabitra posted about Re 1 coin many months back when the new coinage series was still in nascent phase. He might have posted about discontinuation of Re 1 based on info available from his sources at that point of time.
I am expecting an official announcement about new coinage series in next 1-2 weeks. As of today, new series is still under approval process. In next few weeks, the code of conduct will kick in due to 2019 general elections. After that, Govt can not take any policy decision without the approval of the Election Commission of India.
Finally, thank you for posting about new coinage. Many times our sources are proved right, but sometimes they may also go wrong. More important is to share the story as it evolves. After all if u share a story when it has fully evolved (and 100% correct), it will make it less exciting.
Regards
Sanjay Kansal
The decision to go for a new series is several years old.
It takes several policy decisions to come up with a circulation coins series which will stand the test of time.
EU is still struggling with the topic of whether to do away with 1 and 2 cents.
The coin at lowest boundary of coinage has two threats.
One is demise of denomination when there is no longer a demand for a denomination.
50 Paisa is apparently one such case.
Another threat is death of a coin when cost of minting and logistics exceeds the face value of the coin.
1 Rupee coin falls in that category.
It could be redesigned &/or logistics cost be reduced.
The mint has reduced the packaging cost
The distribution cost was attempted to be reduced by doing away of the distribution by the Reserve Bank of India but that failed. Now the distribution to large customer has been restarted. Commercial banks have refused to take up the distribution to retail customers gratis. Thus there are complaints of shortage of coins one hand and inventory piled with the mints, forcing them to stop the minting temporarily.
Coming to redesign, it is the physical part which concerns the mint. The stainless steel remains the best option for alloy and circular design the most optimal shape. The only option is to reduce the size &/or thickness. The edge, other than plain, adds to the cost. The mints had produced 50, 25 and 10 paisa coins but switching to those sizes is not longer possible. To prevent that was the reason for Blinds Association to take up the cases on judicial platform. The option is to do away with it has been opposed by major customers like Metro Rail etc. whose vending machines would need to be redesigned. Metro Rails are now taking steps to round off their tickets to 5 Rupees but they are under state governments. The State Government may not always see the problems from the same angle.
Finally, the coin of 1 Rupee may be continued at cost of the government, like they do with 1 Cent in USA and 1 & 2 cents in Germany and other politically sensitive European nations. Ultimately, the mint has to be funded and losses recouped and they can not be closed as they have done in countries like Belgium, Netherlands etc.
Finally found an article which mentions possible introduction of ₹20 coin. However, the page doesn't open, at least on my PC. ::)Link (https://www.republicworld.com/india-news/economy/a-rs-20-coin-may-be-coming-prototypes-of-new-series-to-be-presented)
Aditya
It opens on mine, has no pictures of new coins and is mainly on a possible ₹50 circulation coin and how it should have recognition marks for the blind.
Peter
Dear friends
My summary as of today (19 Jan 19)
(a) Rs 20 coins expected.
(b) No change expected in shape, size, weight and metal composition of Re 1, Rs 2, Rs 5 and Rs 10 coins.
(c) Serrations expected in one quadrant / two quadrants / three quadrants / four quadrants for different denominations for easy identification by blind.
(d) Three- four different designs are under consideration - Swatch Bharat, Digital India, Defense and Space, Agriculture Development, Education for Girl Child /Women's Development.
(e) Next hearing in the writ petition filed by blinds in Delhi High court to be held on 21 Jan 2019.
(f) The new coinage is still under approval process. Announcement expected in next 1-2 weeks.
Regards
Sanjay Kansal
Quote from: Figleaf on January 19, 2019, 10:48:19 AM
It opens on mine, has no pictures of new coins and is mainly on a possible ₹50 circulation coin and how it should have recognition marks for the blind.
It opens. No images. Talks of Rs 20 ( and not Rs 50) coin.
Dear Friends
I understand that the matter has been deferred by the High Court till first week of April 2019.
By that time, election Code of Conduct will be in force due to ensuing general elections.
Government can not take any policy decisions after imposition of Code of Conduct.
However, Government may chose to seek approval of the Election Commission of India if it is keen to issue new coins before expiry of the present term.
Hopes are fading day by day that we can see the new coins soon.
Regards
Sanjay Kansal
If it depends on court's decision then no executive action can be taken.
In any case, if the coins do not reach the masses, the propaganda value of this government 's successful achievements ( at least those which it considers to be ) will be lost.
Release of coins to few invited guests is not much of marketing.
So for all practical purposes, the issue of new design circulation coins can be given up.
Minister confirms new series
Piyush Goyal asks SPMCIL to expand export footprint - Moneycontrol.com (https://www.moneycontrol.com/news/business/piyush-goyal-asks-spmcil-to-expand-export-footprint-3508101.html)
Dear Friends
I think the idea of serrations in one / two / three / four quadrants for different denominations for easy identification by blind is not such a good idea.
A better idea is to have new coins in increasing size as we move from smallest denomination (Re1) to largest denomination (Rs 20). We can then have serrations on alternate denominations.
As per news floating on net (un verified), Rs 20 may be polygonal (not circular). If these news are true and Rs 20 is indeed polygonal, then there is no need for any identification mark on Rs 20 as it can easily be identified by its unique shape. Then, we can have serrations for Re 1 to Rs 10 in alternate denominations.
Assuming logically that Re 1 coin will be smallest, it will be difficult to make serrations on Re 1. Thus we can see serrations on Rs 2 (next higher) and Rs 10 and no serrations on Re 1 and Rs 5.
Regards
Sanjay Kansal
Quote from: kansal888 on February 11, 2019, 09:30:47 AM
no serrations on Re 1 and Rs 5.
Sanjay ji, the coins of Re 1 (22 mm diameter) and Rs 5 (23 mm diameter) of current series are difficult to identify without serrations. They can reduce the size of Re 1 to 20 mm or 18 mm like other countries.
Serrations or Reeded/ milled edge adds to the cost of making the coins.
The smaller denomination coins are generally plain edged.
( 10 Rupees coin is an aberration, mainly to accomodate a private vendor of blanks)
India switched from milled edge to plain edge 1 Rupee coin in 1996 for circulation coins.
If the distinction is to be made, ideally all coins can be differently shaped.
Republic of India had square coins ( 1 Paisa & 5 Paise) scalloped ( 8 scallops 2 paise & 10 paise, 12 scallops 10 paise), polygonal ( 6 sided 3 Paise & 20 Paise, 11 sided 2 Rupees).
Why not select suitable shapes and stick with it when the size needs to be reduced.
Non-round coins are hard on automatic distribution machines. Granted, labour is still cheap and untrained labour is still plentiful in India, but it can't hurt to be prepared for positive developments also. You wouldn't want coins to be a break, however small in importance, on development if it can so easily be avoided.
Peter
That proposal was in response to non round coin proposed for Rupees 20 coin in reply by kansal888 above.
If one coin can be polygonal then others may jolly well be 😜
Quote from: Pabitra on February 11, 2019, 01:57:51 PM
That proposal was in response to non round coin proposed for Rupees 20 coin in reply by kansal888 above.
If one coin can be polygonal then others may jolly well be 😜
Dear Pabitra Ji
For a given surface area, the round shape will have least wastage of metal from the sheet. (except square ones...)
Round coins are easiest and fastest to mint
There is no issue of alignment or rotation
Regards
Sanjay Kansal
Wastage of metal from sheet is accounted for in costing.
The left over metal is remelted in to new sheets.
The alignment and rotation is taken care of, if dies are properly made and feeding bins are properly designed.
The fastest to mint depends on the speed of striking press.
Here the higher objective of coins being made to be identifiable by visually challenged persons is not only being discussed but has been mandated by the law of the nation.
The nation under question is not much dependent on vending machines so there exists ample opportunity to redesign the circulation series with a longer term perspective.
With the present economic scenario, higher inflation rate than past can not be ruled out.
In such case, there is every possibility of reduction in size of coins becoming necessity in less than 7-8 years.
One country which has followed this scheme is Chile where 5 Peso is 8- sided, 50 Peso is 10 -sided and (earlier) 5 Centavos was 12- sided.
The alloy may change or size may go down but the retaining of shape is assuring factor.
Regarding plans to have Reeded edge ( part or full), for many years stainless steel 1 Rupee edge was indistinguishable between plain and Reeded, especially from Kolkata mint.
Square coins do appear to have become outdated since they fail to roll down the chute of vending machines but India did not have many vending machines.
Even Delhi metro, which used to get 1 Rupees coin in bulk from RBI every day, to return balance in token vending machines, has rounded the fares to 10 Rupees and never accepted coins.
Quote from: Figleaf on February 11, 2019, 12:43:26 PM
Non-round coins are hard on automatic distribution machines. Granted, labour is still cheap and untrained labour is still plentiful in India, but it can't hurt to be prepared for positive developments also. You wouldn't want coins to be a break, however small in importance, on development if it can so easily be avoided.
Peter, could you kindly elaborate on reasons of affinity between coin distribution machines and round coins?
UK has two seven sided coins ( 20p and 50p) and they compounded the folly by adding a 12 sided coin recently. I hope that was not the reason for you to ask them to leave EU😃
A round coin in a machine is always well positioned in at least two dimensions. As soon as you add sides, the possibility arises that the coin is badly positioned, which will block the machine. Murphy's law applies. The more sides you add, the closer you get to the coin being round, the less chance of the coin blocking the machine. The secret of the UK seven-sided coins are the generous rounded corners, which increase the chance that the coin decides to fall in a desired position after all.
Automatic dispensing machines are not just labour saving. In a country where long waiting lines are common, machines, if properly maintained, can increase the capacity to sell, especially at ungodly hours, rapidly.
The most prominent example of the use of machines is Japan. There are even machines instantly selling entry tickets for museums, that go into metro-style turnstiles. Contrast that with waiting up to two hours in line for an entry ticket to the Eiffel tower. Now consider those with a back problem, who cannot stand in line and you will see ticket selling by machine is even a social issue.
Peter
India had a 11 sided 2 Rupees coin till 2004.
However, all Indian mints used to make it as a round coin.
It was only when it was minted by the Royal Mint in 1999 that even Indian collectors came to know that its specifications indicated it to be 11 sided coin.
See
http://www.worldofcoins.eu/forum/index.php/topic,19765.msg134068.html#msg134068
http://www.worldofcoins.eu/forum/index.php/topic,36418.msg229945.html#msg229945
Dear friends
The new coinage series is expected to be released tomorrow morning.
Regards
Sanjay Kansal
New coinage series:
1 Five new coins of 1, 2, 5, 10 and 20 Rs.
2 All coins will have same design.
3 Theme could be agriculture.
4 Re 1 could be slightly smaller in size vis a vis existing 1 re. Rs 5 can be slightly larger in size.
5 Rs 20 can be of 12 sided polygon - bimetallic.
6 Alternate denominations could have serrations and plain edge
Very good that you keep us up to date on this.
Quote from: kansal888 on March 06, 2019, 06:20:05 PM
2 All coins will have same design.
Really disappointing.
Quote from: kansal888 on March 06, 2019, 06:20:05 PM
New coinage series:
1 Five new coins of 1, 2, 5, 10 and 20 Rs.
2 All coins will have same design.
3 Theme could be agriculture.
4 Re 1 could be slightly smaller in size vis a vis existing 1 re. Rs 5 can be slightly larger in size.
5 Rs 20 can be of 12 sided polygon - bimetallic.
6 Alternate denominations could have serrations and plain edge
Very Nice. Waiting for new definitive coins.
More info here:
India will soon have Rs 20 coin shaped as 12 edged polygon, says Finance (https://www.firstpost.com/india/india-will-soon-have-rs-20-coin-shaped-as-12-edged-polygon-says-finance-ministry-gazette-notification-6210441.html)
Rs. 1 _ 20 mm _ Round _ Plain edge _ Steel
Rs. 2 _ 23 mm _ Round _ Milled edge _ Steel
Rs. 5 _ 25 mm _ Round _ Plain edge _ Brass
Rs. 10 _ 27 mm _ Round _ Milled edge _ Bra // copper-nickel
Rs. 20 _ 27 mm _ 12 sides _ Plain edge _ copper-nickel // Bra
The metallic composition and sizes should be something like this:
Back to same old design of grains. All denominations having same design.
*New Coinage Today*
Obverse face: Lion capital +. Satyamev Jayate + Bharat + India.
Reverse face: Grains depicting agriculture theme. Denomination in numerals, Hindi n English. Date.
1 Re: 20 mm round, no serrations. FSS
2 Rs: 23 mm round, 50 serrations. FSS
5Rs: 25 mm round, No serration, Ni Brass
10Rs: 27mm round, 100 serration,. Bimetallic
20Rs: 27 mm, 12 sided, No serrations. Bimetallic
Finally, 10 Rupees coin will have serrations.
First pics of coin release
Some further images. Unfortunately so far no clear images of all of the coins.
Nor any indication of weight of these coins.
Quote from: Pabitra on March 07, 2019, 10:45:32 AM
Nor any indication of weight of these coins.
Here: New Rs 20 coin shaped as 12-edged polygon to be in circulation soon, says (https://www.firstpost.com/india/india-will-soon-have-rs-20-coin-shaped-as-12-edged-polygon-says-finance-ministry-gazette-notification-6210441.html)
In my opinion, a bit boring, simple but modern design, I like it. And the Rs20 coin is the first polygonal bimetallic coin with a "silver" ring minted for circulation, the rest of polygonal coins hace brass or copper ring and nickel center.
Good job India, hope that the poor struck quality will be improved too.
Quote from: eurocoin on March 07, 2019, 10:39:49 AM
Some further images. Unfortunately so far no clear images of all of the coins.
Dear Euro Coin
Your pic depicting Rs 20 coin is wrong. The actual coin is quite different.
There is a possibility that depiction of Rs 10 coin may also have some errors (not sure). I will check and reconfirm
Regards
Sanjay
Quote from: kansal888 on March 07, 2019, 01:02:28 PM
There is a possibility that depiction of Rs 10 coin may also have some errors (not sure). I will check and reconfirm
Indeed, looks like the final designs don't have braille marks.
;)
Quote from: Jostein on March 07, 2019, 10:53:39 AM
Here: New Rs 20 coin shaped as 12-edged polygon to be in circulation soon, says (https://www.firstpost.com/india/india-will-soon-have-rs-20-coin-shaped-as-12-edged-polygon-says-finance-ministry-gazette-notification-6210441.html)
In my opinion, a bit boring, simple but modern design, I like it. And the Rs20 coin is the first polygonal bimetallic coin with a "silver" ring minted for circulation, the rest of polygonal coins hace brass or copper ring and nickel center.
Good job India, hope that the poor struck quality will be improved too.
Very Nice coins. Rs 1 and Rs 2 are smaller and Rs 5 is bigger. Rs 10 and Rs 20 has 27 mm.
Quote from: Jostein on March 07, 2019, 10:53:39 AM
Here: New Rs 20 coin shaped as 12-edged polygon to be in circulation soon, says (https://www.firstpost.com/india/india-will-soon-have-rs-20-coin-shaped-as-12-edged-polygon-says-finance-ministry-gazette-notification-6210441.html)
In my opinion, a bit boring, simple but modern design, I like it. And the Rs20 coin is the first polygonal bimetallic coin with a "silver" ring minted for circulation, the rest of polygonal coins hace brass or copper ring and nickel center.
Good job India, hope that the poor struck quality will be improved too.
Those lines remind me of the €1 and €2 coins for some reason. Possibility to scam people in Europe by passing off these in the euro zone in change?
Wasn't there something like that going on in the UK before with pound coins and 5 rupee cupro nickel coins?
Quote from: Jostein on March 07, 2019, 10:53:39 AM
In my opinion, a bit boring, simple but modern design, I like it. And the Rs20 coin is the first polygonal bimetallic coin with a "silver" ring minted for circulation, the rest of polygonal coins hace brass or copper ring and nickel center.
In Rs 10 and Rs 20 coins, the metals of central pieces and the annular rings have been swapped.
Rs 10 has outer ring of Nickel Brass (yellow) and central portion of Nickel silver.
Rs 20 has outer ring of Nickel Silver and central portion of Nickel Brass.
GoI must have done this to avoid wastage of metal. Central portion of Nickel Brass which was cut out from Rs10 coin can be used as central piece in Rs 20.
My friend Pabitra ji may throw some more light on world wide practices.
Regards
Sanjay Kansal
Quote from: quaziright on March 07, 2019, 03:16:03 PM
Those lines remind me of the €1 and €2 coins for some reason. Possibility to scam people in Europe by passing off these in the euro zone in change?
A vague possibility maybe. But these coins are bigger - 27 mm (Rs 10) vs 23.25 mm (€1). And the Rs 20 coin has quite a different appearance (polygonal) anyway. Now as for those vertical lines, the Hungarian 200 forint circulation coins have them too. And the Dutch last pre-euro series had some - fewer though - vertical lines on the 5 and 10 ct coins. Guess there is no copyright here. ;)
Christian
General reaction by people regarding the new ₹20 coin is not positive. In many parts of the country, ₹10 are not accepted (in spite of RBI's repeated warnings) and people fear that same will happen with ₹20 coin too...
Aditya
Dear friends
The Election Commission of India declared the dates of general election 2019 just now.
This means Govt has issued new coinage series just before imposition of code of conduct.
Regards
Sanjay Kansal
Before release of this new set, Hyderabad mint has issued a 2 rs coin in 2019. The photo of this coin is collected from Internet. No knowledge whether some other mints have done same. No information about issue of other denominations also.
Quote from: beekar on March 10, 2019, 04:32:58 PM
Before release of this new set, Hyderabad mint has issued a 2 rs coin in 2019. The photo of this coin is collected from Internet. No knowledge whether some other mints have done same. No information about issue of other denominations also.
I have got the 2 Rs 2019 one. But I think there will be 1 Re and 5 Rs too. The 10 Rs 2018 came lately due to shortage in supply of raw materials and am doubtful of 2019 ones as new series will be coming up now.
It looks like the die used for the 2019 2 rupees above was worn. Maybe it is telling that it wasn't replaced?
Peter
Quote from: quaziright on March 07, 2019, 03:16:03 PM
Those lines remind me of the €1 and €2 coins for some reason. Possibility to scam people in Europe by passing off these in the euro zone in change?
As already pointed out by Chrisild, the possibility of mixing Indian coins for Euros is rather remote. On the other hand, for 1 Euro ( 23.25 mm, 7.5 gms) , Hungary 100 Forints ( 23.8 mm, 8 gms) or Turkey 50 Kurus ( 23.85 mm, 7 gms) would be better choice.
Quote from: quaziright on March 07, 2019, 03:16:03 PM
Wasn't there something like that going on in the UK before with pound coins and 5 rupee cupro nickel coins?
For UK 1 £ ( old, round one, 22.5 mm, 9 gms), India 5 Rupees Copper Nickel is too thin for same weight since specific weight of Copper Nickel is much higher. The confusing candidates with Nickel Brass and hence the yellow colour are Sri Lanka 5 Rupees ( 9.5 gms ) or Ghana 500 Cedis ( 9.17 gms), both of which were minted by the Royal mint so due consideration was taken in to account.
Quote from: kansal888 on March 08, 2019, 02:09:38 AM
In Rs 10 and Rs 20 coins, the metals of central pieces and the annular rings have been swapped.
Rs 10 has outer ring of Nickel Brass (yellow) and central portion of Nickel silver.
Rs 20 has outer ring of Nickel Silver and central portion of Nickel Brass.
GoI must have done this to avoid wastage of metal. Central portion of Nickel Brass which was cut out from Rs10 coin can be used as central piece in Rs 20.
My friend Pabitra ji may throw some more light on world wide practices.
Regards
Sanjay Kansal
Sanjay ji,
Indian mint seems to have borrowed the concept from Mexican mint but only partially
See reply #2
http://www.worldofcoins.eu/forum/index.php/topic,36414.0.html
Till the core size is indicated or measured, one can not be sure.
Regarding swapping, it is normal for countries to have one coin with yellow ring and other one with white, whenever the country has two Bimetallics.
Very few countries have same colour bimetallic ( Algeria 10 Dinars KM#124 is only one) or more than two bimetallic coins ( Kenya and Mexico are the only one left, Mauritania shifted to one trimetallic).
Theoretically, the preferred choice was White ring which used to be Copper Nickel since that alloy has high wear and tear resistance but now that principle appears to have been given a bye in view of plated steel rings and cores.
Quote from: beekar on March 10, 2019, 04:32:58 PM
Before release of this new set, Hyderabad mint has issued a 2 rs coin in 2019. The photo of this coin is collected from Internet. No knowledge whether some other mints have done same. No information about issue of other denominations also.
Dear BK Sir
Our mints continuously produce definitive coins every day. However it is not likely that they switch to next years dies (say 2019 dies) on 1st January of each year. It is more likely that they will wait for exhaustion of 2018 dies before switching to 2019 dies.
Considering the fact that we are in middle of March, I feel all mints might have started producing 2019 definitive coins of pre existing design few weeks back. We may get these coins after wait of 6-8 months.
Now that GoI has issued new series of visually impaired friendly coins, logically all mints should switch to new series soon.
So the 2019 definitive coins of pre existing series could be scarce.
Regards
Sanjay Kansal
Not really true as far as ground reality is concerned, Sanjay ji.
2018 Noida mint circulation coins are not yet available for love or money.
The Ten Rs coins of new series have inner core of Nickel Silver and the outer ring of Nickel Brass.
Whereas the pre existing Ten Rs coins have inner core of Cupro Nickel and outer ring of Aluminium Bronze.
Thus mints will take some time to procure coils of new metals. Before that, they will like to exhaust the existing stock of coils.
Therefore, we may not soon see the 10Rs and 20Rs coins of new coinage series very soon.
There is no change in metal composition of Re 1, Rs 2 and Rs 5 coins. So these denominations may be available soon.
According to an Indian press article:
The new series of Rs 2 and Rs 5 will be the first to be launched by April 30. It will be followed by Re 1 coins which will come in circulation by May 15. The coins of Rs 10 and Rs 20 will be rolled out by May 31.
Quote from: kansal888 on March 14, 2019, 08:01:12 AM
Thus mints will take some time to procure coils of new metals. Before that, they will like to exhaust the existing stock of coils.
Therefore, we may not soon see the 10Rs and 20Rs coins of new coinage series very soon.
There is no change in metal composition of Re 1, Rs 2 and Rs 5 coins. So these denominations may be available soon.
It seems that this article in Indian press which eurocoin referred confirms my analysis ;D
New Rs 20, other coins to come into circulation by May (https://www.dnaindia.com/business/report-new-rs-20-other-coins-to-come-into-circulation-by-may-2738357)
Quote from: Navaneeth on March 10, 2019, 05:47:27 PM
I have got the 2 Rs 2019 one. But I think there will be 1 Re and 5 Rs too. The 10 Rs 2018 came lately due to shortage in supply of raw materials and am doubtful of 2019 ones as new series will be coming up now.
2019 5 Rs has also been issued.
Quote from: Pabitra on April 24, 2019, 02:34:10 PM
2019 5 Rs has also been issued.
Nice. I got the 10 Rs 2019 Mumbai Mint.
Can you upload the image?
Quote from: eurocoin on April 12, 2019, 03:47:42 PM
According to an Indian press article:
The new series of Rs 2 and Rs 5 will be the first to be launched by April 30. It will be followed by Re 1 coins which will come in circulation by May 15. The coins of Rs 10 and Rs 20 will be rolled out by May 31.
Any news about the circulation of these coins????
Quote from: Einstein on May 21, 2019, 07:58:06 AM
Any news about the circulation of these coins????
No. So far everything has been delayed so I am not surprised.
The new series of circulation coins was (once again?) announced in the budget yesterday. New coins will be made available to public "shortly" if the finance minister is to be believed. ;D
Aditya
They were due in April and May
See
New Rs 20, other coins to come into circulation by May (https://www.dnaindia.com/business/report-new-rs-20-other-coins-to-come-into-circulation-by-may-2738357)
However, mints are busy minting errors on demand
Surely, the mint knows which of its activities are more profitable 😆😆😆
The judicial case related to coins ( and notes) is far from over
See
Why keep changing features of currency notes, coins, Bombay HC asks RBI | (https://www.business-standard.com/article/pti-stories/why-keep-changing-features-of-notes-coins-hc-asks-rbi-119080101208_1.html)
Times of India dated 23rd August 2019
( lest the link in preceding reply goes dead)
I have often heard praise for India's judiciary and this is in line with what I have heard (granted, from a long distance). The case is uncomplicated. The blind want to be heard (as in: somebody actually listening to them) when banknotes (or coins, I suppose) are changed. The court thinks, mmm, maybe there was an emergency or another solid reason why RBI had to make the change quickly. They ask RBI why they changed. RBI wants to come up with an 800 page report, hoping to drown the question. The court is peed off. Rightly so.
I suppose RBI just forgot to consult the associations of the blind, but it can't admit to making any mistake. If a mistake was made, someone is responsible and top civil servants are paid more because they bear the responsibility. Therefore, top civil servants have a vested interest not to follow the appropriate course, simply saying: "We made a mistake. You should have been consulted. We forgot. Sorry! We won't forget next time."
The cure: give top civil servants points for finding solutions and solving problems instead of deducting points for errors (except gross negligence, of course.)
Peter
Response filed
Size of currency notes reduced to make them pocket-friendly: RBI to Bombay high (https://www.hindustantimes.com/mumbai-news/size-of-currency-notes-reduced-to-make-them-pocket-friendly-rbi-to-bombay-high-court/story-0A9Sz74IbbpmBPEpniyUcN.html)
Hopefully, it will now enable issue of new series coins, already minted but being withheld.
Are these coins are out for circulation now????
Quote from: Einstein on September 16, 2019, 11:13:33 AM
Are these coins are out for circulation now????
No, we are still waiting.
No change in size of bank notes in near future: RBI
Updated: Sep 07, 2019 02:28 IST
HT Correspondent
Hindustan Times, Mumbai
The Reserve Bank of India (RBI) told the Bombay high court (HC) on Friday that it does not intend to change the size of currency notes in the near future.
Senior advocate VR Dhond, who represented the banking regulator, made this statement in response to a query made by the HC bench of Chief Justice Pradeep Nandrajog and justice Bharati Dangre.
The bench was hearing a public interest litigation (PIL) filed by the National Association for the Blind (NAB), highlighting the difficulties faced by the visually-impaired in identifying new currency notes and coins. The petitioner body had sought directions to the RBI to include distinctive features in currency notes and coins so that visually-impaired persons can easily identify them.
The bench said the Dhond's statement will take care of most of the problem as retaining the size of the notes will help visually-impaired persons to identify the notes.
After Dhond pointed out that the beta (trial) version of a mobile application being developed by RBI to help the visually-impaired to identify the denomination of currency notes will become available on November 1, the bench posted the PIL for further hearing on November 4.
Source: Hindustan Times (https://www.hindustantimes.com/india-news/no-change-in-size-of-bank-notes-in-near-future-rbi/story-xr7XsanqbYmvS3UBDhzUpL.html)
Quote from: Bimat on September 22, 2019, 01:12:38 PM
After Dhond pointed out that the beta (trial) version of a mobile application being developed by RBI to help the visually-impaired to identify the denomination of currency notes will become available on November 1, the bench posted the PIL for further hearing on November 4.
The best I can think of is an app that recognises the banknote and makes a different sound for each different banknote. I find it an interesting idea, but worry about some aspects. Will the app be able to detect fake notes? If so, it would be of interest e.g. to small shopkeepers, but I doubt if that is possible with the state of technology. Still, it's an improvement on feeling the size. Will the app be an excuse for not including features for the blind on banknotes? If so, taking out a phone, launching the app and scanning the notes will be very much slower than just rubbing a finger over the note, searching for the feature for the blind.
I hope the judge pronounces himself on these matters and does not leave such decisions to RBI officials, who have already shown a remarkable insensitivity to the needs of the blind.
Peter
Notes are not effected but new series coins now delayed beyond Nov. 4.
I hope the App does not need smartphone and judge does not ask government to provide one to every blind man of the nation.
It seems everyone here missed this. There are pictures on social media of packets of these coins released by IG Mint Mumbai dated 15th Sep 2019.
Looks like silver in colour... ???
It is not.
Has anyone able to get these from the mint or other place?
Quote from: idiotghost on September 25, 2019, 11:22:31 AM
Has anyone able to get these from the mint or other place?
Many dealers are offering on Facebook groups. Rate is @ Rs. 12 per coin + Shipping.
Abhay
Quote from: Abhay on September 25, 2019, 02:41:21 PM
Many dealers are offering on Facebook groups. Rate is @ Rs. 12 per coin + Shipping.
Abhay
Classic case of Demand-supply mismatch a per Keynesian economics! Lets wait for few months before these coins end up freely in circulation. Looks to me the regular coin & not Commemorative version.
Has anyone landed the Rs 20 bimetallic coin recently or that too hasnt come for "official" circulation yet?
Thanks
I got it from Falcon at face value ;D
Quote from: idiotghost on September 25, 2019, 02:46:18 PM
Has anyone landed the Rs 20 bimetallic coin recently or that too hasnt come for "official" circulation yet?
20/- minting not yet started.
So the first coin of new series is released.
Here is exact color image.
Next to come is likely to be 2 Rupees of Kolkata mint.
Next
Thanks for posting images of new coins Pabitra Ji.
Next due is 1 Rupee from Kolkata mint.
I am informed that like 50 p of yester years, 1 R will be minted only in Kolkata mint.
Let us hope that it is not true.
Interesting. The rupee is not yet dead. So it would be minted by all mints is my guess.
Even 50 p was not dead between 2011 to 2016 but except for 2011, it was monopoly of Kolkata mint.
1 Rupee is certainly not dead. You can still buy a matchbox from your corner cigarette shop ( even though you can not light your cigarette there in public place, at least as per law) for that coin.
Let us see how much of 1 Rupee coins are indented by RBI this year.
Here are the statistics from RBI.
The mints has met the target only when the target was 6 billion pieces and that matched the capacity in terms of number of pieces. The distribution was not adhered to.
This leaves me more confused.
All this while, it was being said that the new series will have special features to help blinds easily recognise the newly issued coins.
If you see the Old One Rupee, present Two Rupee and the new 5 Rupee Coin, they are all the same size, and almost same thickness.
So, the problem has been solved or rather increased? Now, it will be more confusing to differentiate between old 1, present 2 and new 5 rupee coins.
Abhay
It will take a decade for old coins to Vanish and new series to be only in circulation... So yes it would be huge issue for blind
Has the new Rupees 5 coins increased in diameter? It looks as big as the other 2 coins!
Yes, it is now 25 mm as against 23 mm earlier.
Since the alloy remains the same and the weight has increased to only 6.74 gms ( as against 6 gms), I assume that it is slightly thinner.
Quote from: Abhay on October 13, 2019, 09:59:10 AM
This leaves me more confused.
All this while, it was being said that the new series will have special features to help blinds easily recognise the newly issued coins.
If you see the Old One Rupee, present Two Rupee and the new 5 Rupee Coin, they are all the same size, and almost same thickness.
So, the problem has been solved or rather increased? Now, it will be more confusing to differentiate between old 1, present 2 and new 5 rupee coins.
Abhay
Dear Abhay Ji
In the new series, all coins are of different sizes and alternate denominations have serrations and plain edge for easy identification by visually impaired:
1 Re: 20 mm no serrations
2 Rs: 23 mm 50 serrations
5 Rs: 25 mm no serrations
10 Rs: 27 mm 100 serrations
20 Rs: 27 mm no serrations (12 sided polygonal)
Approval of association of blinds was obtained before releasing these coins.
While the sizes of new series may conflict with some denominations of the previous series, Govt is hoping that gradually new series will replace the earlier series over a period of time.
Regards
Sanjay Kansal
10 Rupees released
Thanks for the image Pabitra ji
Thanks for the info, the strike looks poor ... no improvement in Rs 10 minting...
This is Kolkata mint quality
The new series coins still are illusive for me! Guess I'll have to wait more to get them in some change! :(
I chanced upon the new Rs 5 coin at my home! A visitor who came, had got it in circulation~
So far only the new 5 rupees coin has been found in general circulation. Is that correct?
There are photos of other new denominations but it seems these were not found in general circulation.
2 Rupees coin of new series has been reported in circulation by a friend from New Delhi, India.
This and 5 Rupees reported in Delhi are from Noida mint whereas earlier 5/- and 2/- reported were of Mumbai mint.
Apart from these two denominations, only image of 10 Rupees of Kolkata mint has appeared.
1/- and 20/- coin images have not appeared so far.
20/- minting is scheduled to start in Hyderabad mint in January.
Quote from: Pabitra on December 19, 2019, 02:48:49 PM
2 Rupees coin of new series has been reported in circulation by a friend from New Delhi, India.
I see, so only 2 and 5 rupees then. It is all taking a lot of time.
Here are the images of Noida mint products
Each mint schedules its production as per RBI requisition, based on Currency Chests indents in the captive area.
1/- is expected to be not only the last but may be produced only by Kolkata mint ( as was 50 paise coin, after 2011 till 2016).
The issue of whole series at one go is either for Unc sets or when the orders are placed on to a foreign mint.
Quote from: Pabitra on December 19, 2019, 02:48:49 PM
2 Rupees coin of new series has been reported in circulation by a friend from New Delhi, India.
This and 5 Rupees reported in Delhi are from Noida mint whereas earlier 5/- and 2/- reported were of Mumbai mint.
I got the new Rs 2 coin in Circulation in Mumbai, 2 days before Christmas at a local Paan shop! Its tiny & can be confused with the current Re 1 coin in circulation, which looks as small as the earlier Rs 50 paise coin to the naked eye!
Now in circulation
Thanks for posting. Only rs 20 now awaited.
Quote from: dheer on January 26, 2020, 03:28:25 PM
Thanks for posting. Only rs 20 now awaited.
Has the Re 1 coin released?
If its gonna be only Kolkata mint then it will be a nightmare to find one in circulation! ??? >:(
1 Rupee coin of new series is also not yet been reported so far.
Quote from: Pabitra on January 27, 2020, 03:15:53 AM
1 Rupee coin of new series is also not yet been reported so far.
Could this be the reason that either Rupee 1 coins are still not out for circulation or whenever they come out, it would be very limited circulation (& most likely from Kolkatta Mint only)?
New one rupee currency notes: Key things to know (https://www.livemint.com/news/india/new-one-rupee-currency-notes-key-things-to-know-11581317431206.html)
Yes. Kolkata mint also does not appear to have received indent for 1 Rupee coins so far.
Regarding 20 Rupees coins, it is due for issue anytime from Hyderabad mint.
See
https://www.thehindu.com/news/cities/Hyderabad/hyderabad-mint-to-release-20-coins/article30777820.ece
Hyderabad: IGMH celebrates foundation day today (https://www.thehansindia.com/telangana/hyderabad-igmh-celebrates-foundation-day-today-603863)
Finally, the image of an actual 20 Rupees coin is gone viral. In the days of Covid19 and lockdown, viral word is become scary.
However, to see it in better form, here is artistic image by Sudhir Lunawat
That 20 rupees coin looks very bad. It looks completely round and has been struck twice.
What a waste of money to mint a coin like this!!
Aditya
Quote from: eurocoin on June 16, 2020, 04:06:36 PM
That 20 rupees coin looks very bad. It looks completely round and has been struck twice.
Yes, it looks round because Indian mints use collar while striking a round blank, to make it polygonal.
The coin made in India and other made by The Royal mint.
No comments needed
https://mumbaimirror.indiatimes.com/coronavirus/news/mint-employee-faces-up-to-7-years-in-jail-for-rs-40-theft/articleshow/77231200.cms
Issue of coins started
Let's see who gets it first and how fast the circulation will be
Looks like Hyderabad mint has also started distribution of new ₹20 coins. Saw one pic on FB today.
Aditya