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The grand chillar party

lifestyle Updated: Jul 30, 2014 18:56 IST
Kaushal Sindwani
Kaushal Sindwani
Hindustan Times

How often have you come across a Rs. 100 coin? Or a Rs. 1,000 coin, for that matter? People from the numismatic world would know these pretty well. If you’re an ardent coin ­collector or just about ­turning one, here’s some high-valued treasure to grab.

The Indian Government has been issuing odd ­denomination coins since pretty long, and the latest edition (`60) is up for booking till July 30. These coins — denominated at Rs. 50, 60, 75, 100, 150, 1000 — come under a special category of money and are meant to be collectibles and are not in ­circulation. They are issued by SPMCIL (Security and Minting Corporation of India Limited). made up of silver composites (50% or above), they are priced far higher than their denomination. What’s more, they are scarce in availability, and you might just end up waiting for almost a year to own one, so it’s not everyday that you get a chance to own one.

The first such coin edition was rolled out in 1964, with a Jawaharlal Nehru imprint. Ever since then, there have been many issues from Indian Independence’s silver jubilee, to UN’s golden ­jubilee, and the latest roll-out being on the occasion of 1000 years of Tamil Nadu’s Brihadeeshwarar Temple.

How to get them

A Rs. 1,000 coin is priced at around Rs. 5,000 (with 80% silver).The rest of the coins start at Rs. 2,900 (for a 50% silver composition)

1200-1500 sets (both domestic and international orders). Last date to book Rs. 60 coin: July 30.

(Photo credits: Kaushal Sindwani)