New Commemorative Issue: 2009: Homi Bhabha Rs 100 and Rs 10

[Figleaf]

Pabitra Saha writes: "India releases Rs. 100/- and Rs. 10/- coins to commem birth centenary of H J Bhabha, its renowned nuclear Scientist. Photo of release function is only available. Images of coin will be sent when available.

PKS"

[Kid Romeo]

Cool 
Dr.Bhabha's birth centenary is on 30th October and I am surprised that it is released at much earlier date by PM; probably it will be offered to public on that 30th October onwards. Looking forward to it.

[BC Numismatics]

I am hoping that they will be available as Unc. coins,& not as Proof-only medal-coins.

Aidan.

[asm]

Aidan,
Unless an issue is withdrawn for some reason, the lower denominations are always released for circulation. In this case, it would be the Rs 10 coin. The question is when and not if.
Amit

[mumbapuri]

10 Rupee coin in which metal? ...

[BC Numismatics]

Mumbapuri,
  Try looking on the Reserve Bank of India's website.There may be something there.

It would be cool if the 10 Rupees is bimetallic.

Aidan.

[Kid Romeo]

10 Rupee coin in which metal? ...

Mumba, the 10 Rupees appears bimetallic after looking at the coinset with zoom. Also its unlikely that it will be a silver NCLT since the latest 10 Rupees commemorating Gurr di gaddi is also bimetallic.

[BC Numismatics]

Rony,
  That's very interesting.

Do you have the Gurr di gaddi bimetallic 10 Rupees in your own collection?

By the way,did you get your invitation to Coin Chat from me?

Aidan.

[Kid Romeo]

Aidan,
I have booked one UNC set of Gurr Di Gaddi coins from Bombay mint but its yet to arrive.
And yes, I did get your coin chat invitation but I am not joining.

[kansal888]

There was an amusing incident during the coin release function.

The story goes like this. On 29 September, on the occasion of the birth centenary celebration of Homi Bhabha, chief architect of India's nuclear programme, the government released two commemorative coins – Rs. 100 and Rs. 10 denominations – at a function in Vigyan Bhavan. When finance minister Mukherjee handed over the coins to the prime minister, Singh wondered if those coins could be used in the market.

Prime Minister Manmohan Singh is known for his frugal lifestyle, but no one would dare to provide him with investment advice.  Except that is, for his long-time political colleague Pranab Mukherjee!

An amused Mukherjee told the prime minister: "No sir, these cannot be used in the market." But the finance minister was apparently quick to add that the prime minister could keep the coins safely and sell it later. "After a few years, if you hand over these coins to a collector, you will definitely fetch good money," Mukherjee said.

It is not known if Singh has decided to keep the coins and try his luck!

Courtsey: Mint Newspaper

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Now, if the PM would sign the case he would receive even better money.

Peter

[MS]

As the article mentions accurately - Dr Manmohan Singh does indeed lead a frugal lifestyle. But then the fact that he does know about non circulating legal tenders is a bit far fetched to me, especially since he was once the Governor of the Reserve Bank of India, not to mention Chairman of the Planning Commission and Finance Minister of the Government of India.

[Figleaf]

Pabitra Saha reports: 10 Rupees is bimetallic.

I fixed up his scans a bit.

Peter

[asm]

I do hope that this one is not going to be a NCLT like the previous Guru-ti Gaddi issue.
Amit

[Bimat]

I do hope that this one is not going to be a NCLT like the previous Gu-ti Gaddi issue.

I don't think so.The 10 Rupees coins have hardly served any purpose,as people generally do not want to carry heavy coins in pocket and prefer spending banknotes of same denomination instead.Further,1 billion 10 Rupees  (polymer) banknotes are also supposed to be released by January 2011.Minting a bimetallic coin is quite expensive process,especially when the face value of coin is less,so Government may continue issuing them as NCLT,only for collectors,and make a good profit.. ::)Also, I don't think that there will be regular 10 Rupees bimetallic issue in 2010...

Aditya