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  • Numismatic Expo 2017: Mumbai: January 20, 2017 - January 22, 2017

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Offline Bimat

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Numismatic Expo 2017: Mumbai
« on: October 22, 2016, 03:58:21 PM »
When: January 20, 21 and 22, 2017

Where: Expo Center, World Trade Center, Cuffe Parade, Mumbai.

Organized by SNS Coins and ICCG.

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

Offline Bimat

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Numismatic Expo 2017: Mumbai
« Reply #1 on: December 14, 2016, 03:25:01 PM »
Mumbai mint will also be participating in this expo. They will have their own stall where you can buy mint sets/single coins (basically whatever stuff they sell at the mint counter) for issue price.

This is (perhaps) the first time that any (Indian) government mint is participating in a coin exhibition?

Aditya
« Last Edit: December 14, 2016, 03:41:36 PM by Bimat »
Caution. The low-hanging fruits are still there maybe for a reason.

Offline dheer

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Re: Numismatic Expo 2017: Mumbai
« Reply #2 on: December 14, 2016, 06:11:37 PM »
Mumbai mint for the first time. I guess there was RBI counter Last year.

But given the rates of mint. I recommend that no one buys.
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Offline Bimat

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Numismatic Expo 2017: Mumbai
« Reply #3 on: December 15, 2016, 04:38:32 AM »
RBI has been participating in Mumbai exhibitions for quite some time now (so is India Post). But they don't sell anything which is surcharged; only circulation coins and bundles of notes at times. Mumbai mint, on the other hand, will sell only surcharged coins/sets...

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

Offline Bimat

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Numismatic Expo 2017: Mumbai
« Reply #4 on: January 02, 2017, 02:55:25 PM »
Message from Mumbai Mint (as received):

___

India Government Mint, Mumbai is pleased to announce its participation in ICCG Numismatics Expo 2017 which is to be held on 20th, 21st & 22nd January 2017 at World Trade Center, Cuffe Parade, Mumbai.
We have kept a stall in this Expo where there will be the Counter Sale of UNC & Proof Set Coins issued by India Government Mint, Mumbai.
Event :- ICCG Numismatic Expo 2017
Date :- 20, 21, 22 January 2017
Time :- 10 am - 7 pm
Stall No :- 02
Come & participate and complete your missing UNC - Proof Sets by purchasing it from us at the stall in the event.
We would be highly obliged by your presence over there and visiting our stall and show the love and gratitude towards India Government Mint, Mumbai.
GRAB THE OPPORTUNITY BE A PART OF THIS HISTORIC EVENT
Please Find the List of Proposed Commemorative Coin Sets to be displayed, which may vary on availability of stock.
Theme
1 Saint Alphonsa Birth Centenary
2 60 Years of Commonwealth
3 Homi Bhabha Birth Centenary
4 100 Years of Indian Council of Medical Research
5 K Kamraj - Reminted
6 150th Birth Anniversary of Madan Mohan Malaviya
7 150 Years of Kuka Movement
8 150th Birth Anniversary of Motilal Nehru
9 60 Years of Coir Board
10 Acharya Tulsi Birth centenary
11 International Day of Yoga
12 125th Birth Anniversary of Dr B R Ambedkar
13 Golden Jubilee of 1965 Indo-Pak War
14 150 Years of Allahabad High Court

INDIA GOVERNMENT MINT, MUMBAI WISHES YOU A VERY HAPPY & PROSPEROUS NEW YEAR !!!!!
Regards
भारत सरकारटकसालमुंबई
INDIA GOVERNMENT MINT
Shahid Bhagat Singh Road, Fort, Mumbai
Telephone +91-22-22703184/85 ext 132

___

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

Offline dheer

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Re: Numismatic Expo 2017: Mumbai
« Reply #5 on: January 02, 2017, 04:22:20 PM »
Advise to all fellow collectors... Do not buy from mint. The sets are cheaper with dealers by at least 10-20%
http://coinsofrepublicindia.blogspot.in
A guide on Republic India Coins & Currencies

Offline Bimat

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Numismatic Expo 2017: Mumbai
« Reply #6 on: January 03, 2017, 04:37:26 AM »
I'm sure Mumbai mint knows the market situation and it would be foolish if they are selling these sets for issue price. They must sell these at-least for the price which dealers are asking and they still make good profit (unlike dealers). Otherwise, they won't even recover the stall fare and other expenses...

Dheer, for the benefit of the readers, can you please provide issue prices of sets mentioned above (unc as well as proof)? That would be really handy for those who are planning to buy from the fair (either from the mint or dealers)

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

Offline Bimat

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Numismatic Expo 2017: Mumbai
« Reply #7 on: January 19, 2017, 04:46:49 AM »
I'm likely to be at the fair tomorrow, provided all goes well at the office. ;) Not possible to attend it on Saturday as I'm tied up with some other work. Shall confirm by tonight.
 
Anyone else coming tomorrow?

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

Offline Bimat

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Numismatic Expo 2017: Mumbai
« Reply #8 on: January 21, 2017, 04:04:49 PM »
I was at the expo today (had to cancel my original plan to visit yesterday at the last moment)...Overall, it's quite OK, nothing special to say about it. I didn't see any effect of demonetization as all the collectors and dealers seemed to have plenty of new ₹500 and ₹2000 banknotes. >:D Only Mumbai mint and a dealer were accepting card payments, rest all were accepting only cash. Like last fairs, majority of dealers were dealing with Republic India banknotes. Plenty of errors/fancy numbers in new ₹500 and ₹2000 notes, plus the star series in new ₹500 notes were available almost with every dealer.

Mumbai mint was (is) selling coin sets for issue price. I was told that dealers are NOT selling coin sets made available by the mint at the counter for less than issue price. May be there was some agreement between them, I don't know. The mint's counter had reasonable crowd and I believe they did a good business.

Hitesh Tahilramani, a well known banknote collector from Surat, has displayed a part of his collection at the exhibition and it's worth visiting. Some extra-ordinary errors, fancy number series notes and varieties are on display. They could have allotted more space for the exhibition, though.

I didn't buy a single coin. Met some fellow collectors, had lunch at Kamat's restaurant (as usual) and also had delicious pasta at a roadside vendor (he's quite popular, I am told). Overall, a day well spent. :)

Aditya
« Last Edit: January 21, 2017, 05:07:35 PM by Bimat »
Caution. The low-hanging fruits are still there maybe for a reason.

Offline dheer

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Re: Numismatic Expo 2017: Mumbai
« Reply #9 on: January 23, 2017, 01:34:15 PM »
plus the star series in new ₹500 notes were available almost with every dealer.

Thanks for the update.

On the Rs 500 Star notes, what was the price?
http://coinsofrepublicindia.blogspot.in
A guide on Republic India Coins & Currencies

Offline Bimat

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Numismatic Expo 2017: Mumbai
« Reply #10 on: January 23, 2017, 03:13:32 PM »
Thanks for the update.

On the Rs 500 Star notes, what was the price?

Since I do not collect banknotes, I did not ask what price they were expecting. However, I shall come back to you soon, as a friend bought a few of those. :)

I also heard that some part-time dealers have received notice from IT department to submit proof of VAT payment done for income through coin/note sales. Now that's really difficult, as no seller (except the auction houses) does this business 'legally'....

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

Offline Bimat

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Numismatic Expo 2017: Mumbai
« Reply #11 on: January 23, 2017, 05:06:56 PM »
Just received reply from the friend: Dealers were asking ₹600 for a star (new) ₹500 banknote. Pretty cheap IMO. Since this is the exhibition price, actual price will be even lower. Which also means that they are out in large numbers. ;D

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