Commemorative coins to commemorate the inauguration of new Parliament Building

To commemorate the inauguration of the new Parliament building, the Ministry of Finance issued a notification on Thursday to issue a Rs. 75 commemorative coin. A commemorative coin is usually produced to commemorate a specific occasion, person, or monument, and they have a distinctive design. Several commemorative coins have been introduced in India in the past.

The currency of seventy-five rupees denomination shall be coined at the Mint for issue under the authority of the Central Government on the occasion of the inauguration of the New Parliament BuildingParliament Building, the finance ministry said.

A commemorative coin is usually produced to commemorate a special occasion, person, or monument, and they have a distinctive design. The past few commemorative coins have been introduced in India.

The new Rs.75 note, which was introduced by the government last year, will contain a picture of the new Parliament building and contain the inscription Parliament Complex.

The coin will be circular, with a diameter of 44 millimetres, and have 200 serrations along its edges. The 35 gram gold coin will be made of a four-piece alloy that includes 50 per cent silver, 40 per cent copper, 5 per cent nickel and 5 per cent zinc. A depiction of the Parliament complex in 2023 will be inscribed at the bottom of the stained glass window to commemorate the year.

One side of the coin features the Lion capital of Ashoka Pillar, the words Satyamev Jayate below it and the word Bharat will be written in Devanagari script on the left side and India in English script on the right. The Rs. 500 note will also have the rupee symbol and the denomination of 75 inscribed below the Lion Capital.

The image of the parliament complex will be shown on the other side of the coin. Sansad Sankul will be written in Devanagari script on the upper periphery and in Parliament Complex in English on the lower periphery.

This is not the first time a Rs.75 coin has been released to commemorate a significant occasion. In celebration of the 75th anniversary of the Food and Agricultural Organisation FAO, a commemorative Rs.75 coin was issued in October 2020.

Special occasion notes and coins are not available in general circulation.

Commemorative coins with higher denominations, such as gold and silver, are frequently released as collectables instead of being made available as legal money. However, commemorative coins remain in circulation for a short period of time.

Recipitive coins can be bought from specific agencies for commemorative coins.

These coins are produced by four India Government Mints situated in Mumbai, Kolkata, Hyderabad and Noida. They are usually made in limited quantities in specially marketed packages.

The commemorative coins, produced in various denominations and usually contain some silver, are particularly popular among coin collectors, as they are available in diverse denominations and are available in various denominations.

The lower denomination coins can be found frequently in circulation, and you may have seen them in the past.

To get the higher denomination coins that are exclusive for collections, you need to order them directly from any of the Indian Government Mints during a specific time period. Plus, these collectors coins can be found with coin dealers at marked-up prices.

In order to receive commemorative coins, one must visit the websites of Kolkata Mint, Mumbai Mint, and Hyderabad Mint to place an order.

Reservations for commemorative coins often begin three to six months in advance. Buying a coin can be done directly at the mint. The mints post a list of coins they have available for purchase, along with their prices, on their notice boards.

Newspaper advertisements for these bookings commence before any commemorative coins or minted coins are released or minted, and there is a set window of time during which they can be made.