Author Topic: India: New series of circulation coins  (Read 7030 times)

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Offline kansal888

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Re: India: New series of circulation coins
« Reply #60 on: January 19, 2019, 12:39:19 PM »
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




Offline Pabitra

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Re: India: New series of circulation coins
« Reply #61 on: January 19, 2019, 01:14:18 PM »
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.

Offline kansal888

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Re: India: New series of circulation coins
« Reply #62 on: January 23, 2019, 05:40:09 AM »
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
« Last Edit: January 23, 2019, 06:48:33 AM by kansal888 »

Offline Pabitra

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Re: India: New series of circulation coins
« Reply #63 on: January 24, 2019, 01:53:34 AM »
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.

Offline Pabitra

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Re: India: New series of circulation coins
« Reply #64 on: February 11, 2019, 05:24:09 AM »

Offline kansal888

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Re: India: New series of circulation coins
« Reply #65 on: February 11, 2019, 09:30:47 AM »
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

 

Offline Navaneeth

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Re: India: New series of circulation coins
« Reply #66 on: February 11, 2019, 10:08:13 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. 

Offline Pabitra

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Re: India: New series of circulation coins
« Reply #67 on: February 11, 2019, 12:01:26 PM »
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.

Offline Figleaf

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Re: India: New series of circulation coins
« Reply #68 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
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Pabitra

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Re: India: New series of circulation coins
« Reply #69 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 😜
« Last Edit: February 11, 2019, 06:59:12 PM by Pabitra »

Offline kansal888

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Re: India: New series of circulation coins
« Reply #70 on: February 12, 2019, 05:33:07 AM »
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

Offline Pabitra

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Re: India: New series of circulation coins
« Reply #71 on: February 12, 2019, 06:20:02 AM »
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.

Offline Pabitra

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Re: India: New series of circulation coins
« Reply #72 on: February 12, 2019, 06:27:59 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😃

Offline Figleaf

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Re: India: New series of circulation coins
« Reply #73 on: February 12, 2019, 06:58:38 PM »
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
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Pabitra

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Re: India: New series of circulation coins
« Reply #74 on: February 12, 2019, 10:15:26 PM »
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