Author Topic: Indian MP Demands Ban on Melting of Ancient Coins  (Read 592 times)

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Offline Bimat

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Indian MP Demands Ban on Melting of Ancient Coins
« on: January 16, 2016, 01:41:29 PM »
Ahir for rules to stop melting of ancient coins

TNN | Jan 16, 2016, 03.30 AM IST

Nagpur:

Minister of state for chemicals and fertilizers Hansraj Ahir on Friday said that he will pursue with the government the need to frame rules to prohibit melting of ancient coins. He said he will hold a discussion whether the act of melting should be brought under prohibition or not. "I personally believe that melting such precious heritage is a cruel act and the government should work on making strict laws to stop it from happening," he said.

"Ancient coins which form a very important proof of ancient civilization have been underrated by several generations. All they see is the value of metal the coin holds," said Ahir while addressing a three-day first international seminar on 'Gupta coinage' organized by the Coin Society of India held at a city hotel on Friday. Society chairman Prashant Kulkarni, trustee Chandrashekhar Gupta, professor at Boston University Pankaj Tondon, researcher on Gupta coinage from Netherlands Alen Raven, former vice-chancellor of Kavi Kulguru Kalidas University Pankaj Chande, numismatic researcher from Oxford University Shailendra Bhandare and numismatic researcher from the United States Sanjeev Kumar were seated on the dais.

Former president of Numismatic Coin Society of India SK Bose, who is spreading awareness among people against melting of ancient coin said, "It has been because of the role of coin societies that people instead of melding coins are coming to us to know the historic value of such coins."

Talking about Gupta coinage, Ahir said, "In Indian history, the Gupta kings' rule between 3rd and 5th century AD is considered as a golden era. Every single coin that was minted in that age was made in gold, called 'dinaar'. It signifies the level of prosperity we had then. Being a Lok Sabha member I am realizing that India is slowly coming back to where it was."

Talking to TOI about the significance of 'Gupta', Kulkarni said, "There is one peculiar thing about every Gupta coin. Minted in gold, they all had exquisite pictorial representations punched on them, unlike other coins which usually have scripts or symbols.

The Guptas have a series of coins depicting various qualities that a king should have. One coin showcases a king playing Veena, signifying that a king should have a sense of music. On other coin, a king is performing 'Ashvamedha', depicting strength. There is also a coin in which the king is shown as lion slayer."

"Gupta has always stood as a proud dynasty. The famous Nalanda University flourished in the reign of king Kumar Gupta who gave a lot of importance to education. We all know about Sanskrit scholar Kalidas lived during the reign of King Chandra Gupta ll," he said.

(Reporting by Shakti Singh)

Source: Times of India
Caution. The low-hanging fruits are still there maybe for a reason.

Offline Globetrotter

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Re: Indian MP Demands Ban on Melting of Ancient Coins
« Reply #1 on: January 17, 2017, 02:34:55 PM »
Very reasonable I would say.

Ole
Ole

If you're interested in coin variants please find some English documentation here:
https://sites.google.com/site/coinvarietiescollection/home
and in French on Michel's site (the presentations are not the same):
http://monnaiesetvarietes.esy.es/

Offline dheer

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Re: Indian MP Demands Ban on Melting of Ancient Coins
« Reply #2 on: January 17, 2017, 03:52:58 PM »
I don't believe people are melting old Coins. Modern Coins yes
http://coinsofrepublicindia.blogspot.in
A guide on Republic India Coins & Currencies

Offline Bimat

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Indian MP Demands Ban on Melting of Ancient Coins
« Reply #3 on: January 17, 2017, 04:16:49 PM »
I don't believe people are melting old Coins. Modern Coins yes

I wouldn't rule out melting of old coins completely. In rural areas, when some hoard of old coins is found, it is usually sold to a scrap dealer and the scrap dealer may not always sell it to a dealer or collector. However, the question is how to implement this rule, if approved by the government. ::)

Aditya
Caution. The low-hanging fruits are still there maybe for a reason.

Offline Globetrotter

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Re: Indian MP Demands Ban on Melting of Ancient Coins
« Reply #4 on: January 17, 2017, 04:31:46 PM »
Hi,

you really have to inform the scrap dealers that old coins might have more value than just the metal! In Rajastahn I met a hotel owner (former lower local royalty), who had let word out to the former underlings, that he would buy all found coins at "top" value depending on their weight.... He had a nice exposed collection of around 500 coins, although he didn't know how to expose them, nor how to catalog them. Anyway he felt good about conserving the coins. He paid silver price + 50% according to the weight and the coppers next to nothing. He still bought coins with an average frequency of 1 every two weeks. I was duly impressed.

Ole
Ole

If you're interested in coin variants please find some English documentation here:
https://sites.google.com/site/coinvarietiescollection/home
and in French on Michel's site (the presentations are not the same):
http://monnaiesetvarietes.esy.es/

Offline Figleaf

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Re: Indian MP Demands Ban on Melting of Ancient Coins
« Reply #5 on: January 17, 2017, 04:39:24 PM »
I think lying should also be forbidden. This reminds me of an election slogan I saw in Germany. Ban murder! :)

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

Offline Bimat

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Indian MP Demands Ban on Melting of Ancient Coins
« Reply #6 on: January 17, 2017, 04:45:49 PM »
I don't know if this 'facility' is available today, but there were some scrap dealers in Gujarat/Rajasthan who used to sell random silver coins on weight basis (with some 10-15% commission above melt value) until few years ago. That makes me believe that anything is possible in India, including melting ancient gold coins. ;D

Aditya
Caution. The low-hanging fruits are still there maybe for a reason.