World of Coins

Modern Asian coins, pseudo coins and trade tokens => Pakistan, Bangladesh, the Maldives => Topic started by: Bimat on November 25, 2015, 05:31:46 AM

Title: Pakistan: Introduction of 10 Rupees coin
Post by: Bimat on November 25, 2015, 05:31:46 AM
State Bank to issue ten rupees coin in FY 2015-16

Last Updated On 24 November,2015

ISLAMABAD (Dunya News) – State Bank of Pakistan (SBP) on Tuesday has stated that ten rupees coin would be introduced in the ongoing Fiscal Year 2015-16.

The supreme bank authorities told Senate’s standing committee for Finance that five rupees coin’s production cost has lessened by Rs 3.75 due to reduction in metals prices in international market. On the other hand, the State Bank is using machines as old as “World War II.”

Pakistan’s bank is equipped with technology that can only produce 80 coins per minute whereas machines that produce 800 coins per minute are used in other countries.

The State Bank authorities told the standing committee that ten rupees coin has been given a go-ahead.

The SBP in October had issued revised 5-rupee coin. The central bank stated that the fresh coin was 3 grams in weight and made of 79% copper, 20% zinc and 1% nickel.

Source: Dunya News (http://dunyanews.tv/en/Business/309863-State-Bank-to-issue-ten-rupees-coin-in-FY-201516)
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: eurocoin on September 20, 2016, 08:42:31 PM
A first look at the new circulating 10 rupees coin. The coin depicts the Faisal Mosque in Islamabad and 3 pigeons.

(http://s14.postimg.cc/q1tw4hjg1/14355118_1086028741487269_7665263626781055376_n.jpg)
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: Pabitra on September 20, 2016, 10:35:40 PM
Nickel Brass
Diameter 25.5 mm
Weight 5.5 grams
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: malawi on September 20, 2016, 10:49:00 PM
the design like this :

http://allamaiqbalstamps.blogspot.it/2011/05/un-issued-coin-rs-5.html
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: Prosit on September 20, 2016, 11:57:10 PM
I don't see any doves in that image...

Looks like a good looking coin.

Dale

the design like this :

http://allamaiqbalstamps.blogspot.it/2011/05/un-issued-coin-rs-5.html
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: eurocoin on September 21, 2016, 05:53:36 AM
The obverse of the issued coin shows (like all other denominations) a crescent and a star.
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: malawi on September 29, 2016, 12:49:28 AM
when  comes into circulation new 10 rupees coin ?
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: Pabitra on September 29, 2016, 09:30:36 AM
According to a top Numismatist of Pakistan, it will be issued in New Islamic year which starts from October 2, 2016
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: malawi on September 29, 2016, 10:51:16 AM
thank you Pabitra !
Title: Pakistan: Introduction of 10 Rupees coin
Post by: Bimat on October 03, 2016, 04:24:05 PM
Government to introduce Rs10 coin in a couple of weeks: State Bank

Published: October 3, 2016

KARACHI: The federal government is expected to introduce the Rs10 coin in a couple of weeks, a State Bank of Pakistan (SBP) spokesperson said on Monday.

The SBP started receiving Rs10 coins from Pakistan Mint — the nation’s oldest mint located in Lahore’s Shalimar Town from Monday, the SBP spokesperson told The Express Tribune. However, he said, it may take another two weeks before the new coins started circulating as the central bank needed time to supply them to its 16 offices nationwide.

“We will announce a date on which the new coins will be available but it may take two weeks,” the spokesperson revealed. Pakistan Mint, a public sector institution mints coins and medals for the armed forces and the government. The currency note printing facilities of the government are located in Karachi.

Prime Minister Nawaz Sharif had green-lighted the introduction of the Rs10 coin and a revised Rs5 coin earlier in August during a cabinet meeting in Islamabad. Decisions on important development programmes, introduction of Rs10 coin, revision of Rs5 coin, Tax Law Amendment Ordinance 2016 and determination of sales tax on petroleum products had featured prominently on the meeting’s agenda.

Source: Tribune (http://tribune.com.pk/story/1192790/government-introduce-rs10-coin-couple-weeks-state-bank/)
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: Pabitra on October 05, 2016, 06:54:49 PM
Minting in full swing
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: Pabitra on October 14, 2016, 03:44:16 PM
Issued
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: Enlil on October 17, 2016, 06:18:30 AM
Looks nice, and the minting is way better than those from India.
Title: Re: Pakistan: Introduction of 10 Rupees coin
Post by: Pabitra on October 17, 2016, 06:35:39 AM
Alloy and other aspects are more like of Iran, other side neighbour of Pakistan.
Nickel bronze coins were started by Pakistan only in October 2015.
Iran has been making them for years and their minting is superb.

Pakistan has been making high value circulating commemorative coins of Copper Nickel so far.
Next due is 50 Rupees on Abdus Sattar Edhi. Let us see if it is Copper Nickel or Nickel Bronze.
Title: Pakistan: Introduction of 10 Rupees coin
Post by: Bimat on October 23, 2016, 02:17:50 PM
State Bank to issue Rs.10 regular coin from Oct 24

October 22, 2016

ISLAMABAD: The State Bank of Pakistan (SBP) will issue Rs. 10 regular coins from Monday (Oct 24) through the exchange counters of all the field offices of SBP Banking Services Corporation, the central bank said.

The Federal government through a notification authorized the SBP to issue Rs. 10 regular coins, said a statement from the SBP.

This coin will be issued through the exchange counters of all the field offices of SBP Banking Services Corporation from 24th October, 2016, said the SBP statement.

The coin is yellow in colour and round with serrations on the edge and a diameter of 25.5 mm. It weighs 5.50 grams, it added.

According to the details of the coin, the waxing crescent moon and a five pointed star facing northwest in rising position is in the center on the obverse side of the coin.

Along with periphery on the top of the crescent star is inscribed Islami Jamhuriya-e-Pakistan in Urdu script.

Below the crescent and at the top of two springs of wheat with arms curved upward, there is the year of issuance. A circle of small beads is all along the edge of the coin.

The reverse side of the coin is decorated with the front side picture of Faisal Mosque with doves flying over it.

The face value of the coin in numerals '10' in bold letters and 'Rupee' in Urdu script is inscribed on the lower side of the coin. A circle of small beads is all along the edge of the coin.

Source: Geo TV (https://www.geo.tv/latest/118519-State-Bank-to-issue-Rs10-regular-coin-from-Oct-24)