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  • Rajkot Coin Fair: June 12, 2015 - June 14, 2015

Author Topic: Rajkot coin fair - 12 to 14 June 2015  (Read 1589 times)

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Offline asm

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Rajkot coin fair - 12 to 14 June 2015
« on: May 04, 2015, 07:14:14 AM »
The Saurashtra & Kutch coin society is organising a coin fair at Rajkot in the middle of June. 2 Auctions and an exhibition are proposed. One Auction is by Oswals and the other one by Bombay Auctions.

Amit
« Last Edit: May 04, 2015, 07:17:49 AM by Bimat »
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Offline Bimat

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Rajkot coin fair - mad June 2015
« Reply #1 on: May 04, 2015, 07:15:28 AM »
I believe it's on June 12 - June 14. Please confirm so that I can link it to the events' calender. :)

Aditya
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Offline asm

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Re: Rajkot coin fair - 12 to 14 June 2015
« Reply #2 on: May 04, 2015, 07:17:09 AM »
Confirmed. Thanks a ton Aditya.

Amit
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Offline Bimat

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Rajkot coin fair - 12 to 14 June 2015
« Reply #3 on: June 15, 2015, 05:54:07 AM »
I heard that this event had lot of negative publicity in Gujarati media and on the last day, there were some bad incidents because of which it turned out to be nightmare for many. The negative publicity was because of some dealers selling banknotes at a huge premium (b'day notes, 1964 Bhootlingam etc)...

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline asm

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Re: Rajkot coin fair - 12 to 14 June 2015
« Reply #4 on: June 15, 2015, 08:50:43 AM »
It is the bane of the coin collectors and coin societies. Factional feuds.

Apparently some disgruntled elements, not happy with the way things were moving and the great organization of the fair, called the reporter of this one particular vernacular daily and let him on the inside info on what was happening. The crap that this paper (which has been known to blackmail) has printed is to be read to be believed. The paper reports one of the dealers as claiming to have paid over Rs 70,000/- for a stall - when the fact is that the stall rental was very low (around 5000/-).

Yes, most Indian coin fairs have been having numerous stalls buying and selling current notes and coins at a premium (which is illegal) and authorities have been looking the other way. However, this paper almost forced the income tax department, the RBI, Police etc to act accusing their officials of being hand in glove with the organizers when they did not respond. It appears that the Government departments - IT and RBI said they would act on Monday (the fair was to finish on Sunday) and this too was prominently published. Finally they could get the police to ask the organizers to have the fair called of on Sunday.

Some of the dealers (who were requested by the organizers not to display or trade in current currency) decided not to heed the call and went ahead with the trade. This and some dispute between the traders who had not paid rent trying to do business in the halls (and were prevented) ..... seems to have triggered a huge backlash.

Amit

PS: Our member Husain could shed more light on this.
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Offline Figleaf

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Re: Rajkot coin fair - 12 to 14 June 2015
« Reply #5 on: June 15, 2015, 01:20:49 PM »
It's hard to find a positive side to gossip mongering, false accusations and an irresponsible publication, losing sight of the fact that this is about fun and learning, not about money. However, what happened is still better than secret police surveillance and random police razzias, resulting in destruction and pilfering. The missing element is responsibility. Those hit by the innuendo should be able to have recourse to court action and payment of damages.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline asm

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Re: Rajkot coin fair - 12 to 14 June 2015
« Reply #6 on: June 15, 2015, 01:55:56 PM »
.......... Those hit by the innuendo should be able to have recourse to court action and payment of damages.
The problem is that the guy who tries that in India will regret that he ever thought about it. The number of visits to the police and then the courts and the time it takes..................at least 20 years if it does not go to the High Court. The lawers fees would be multiple times the loss......... and then you have the press to contend with.

Regards,

Amit
"It Is Better To Light A Candle Than To Curse The Darkness"