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Monday, October 25, 2010

Why 1995 one rupee note has a great value

Production of 1 Rupee denomination was discontinued since March 1994 by Government of India,because the life of a one rupee coin is much more than that of a one rupee paper note.The notes available in the market of 1995 bearing the signature of  S. Venkitaramanan  are either fake or or are printed by mistake.Montek Singh Ahluwalia was Finance Secretary, Ministry of Finance, New Delhi from 16.03.93 to 19.08.98 and so the note if any should bear the signature of Montek Singh Ahluwalia.
S. Venkitaramanan was the eighteenth Governor of the Reserve Bank of India from 22 December 1990 to 22 December 1992.He was also Finance Secretary, Ministry of Finance, New Delhi in the year 1985 and all the one rupee notes of 1985 bears the signature of S. Venkitaramanan .So by mistake the notes of 1985 got printed as 1995,thats why these notes are very very rareand a huge price is associated with them.

1991 Rajiv Gandhi one rupee coin

Metal          Cupro-nickel
Weight          6.05 g
Diameter       26.0 mm
Thickness      1.5 mm
Shape           Round


This is a commemoration coin for Rajiv Gandhi, the former prime minister of Indiawas the 7th Prime Minister of India. He was assassinated on 21 May 1991  by a bomb blast. The coin  has the Ashoka Pillar and the numeral one on the obverse and a portrait of Rajiv Gandhi on the reverse. The reverse also has words "RAJIV GANDHI" in English and "राजीव गांधी" in Hindi along with his lifespan (1944-1991) and his left facing image .The 1985 Indira Gandhi's death commemorative coin had Indra Gandhi's right facing image whereas her son's image is facing left .It is not purely a left facing portrait like the queen Victoria series coin.Rajiv Gandhi's face is turned in the front position towards right thus highlighting the left part of his face.

Monday, October 18, 2010

1989 One rupee coin on 100th anniversary of Nehru's birth.

Jawaharlal Nehru was born on 14th November ,1889 and the year marked the 1st Centennial of birth of Pandit Jawaharlal Nehru , a set of three coins of 100, 5 and 1 rupee were issued with his portrait in 1989. .The government issued this coin as a respect to the first prime minister of India.A one rupee commemorative coin was issued on the death of  Pandit Jawaharlal Nehru  and earlier a one rupee coin was also issued on the 1st Centennial of birth of Mahatma Gandhi.This coin is a copper-nickel coin whereas  1964 coin is a pure nickel coin.The coin is a large coin showing one side of  Pandit Jawaharlal Nehru's face the portrait  is of right side of the face  unlike the Queen Victoria in the British India coins where she is portrayed on the left side .The image of Pandit Jawaharlal Nehru is shown wearing a  Gandhi Topi(cap) and is shown wearing a Indian kurta wheras in the  1964 coin he is shown without the cap and only the face is shown.The size of the coin is of a normal one rupee coin having a diameter of 26mm and weight 6gm.

Wednesday, October 13, 2010

1988 10 paisa Nepali Coin

This is a 10 paisa nepali coin of 1988 having the date 2045 written in Hindi over it but the nepal has its own calender  named "Nepali Sanvat" .The year 2045 means the year 1988 according to the international calender .On that side of the coin has the name of the then king of Nepal  Birendra Bir Bikram is also inscribed. He ruled from 31 January 1972 to  1 June 2001.The coin also bears a Coat of arms of Kingdom of Nepal which was changed On 30 December 2006.The coat of arms in use before 30 December 2006 consists of a white cow, a green pheasant (Himalayan Monal), two Gurkha soldiers (one carrying a kukri and a bow, and the other a rifle), peaks of the Himalayas, two crossed Nepalese flags and kukris, the footprints of Gorakhnath (the guardian deity of the Gurkhas) and the royal headress. It also contained the same red scroll with the national motto. This coat of arms was preceded by the Emblem of Nepal. The word "sahdev" is also added to the name of the king   Birendra Bir Bikram .On the other side shree bhavani is written in devnagri along with the denomination of the coin  i.e. 10 paisa.Nothing is written in any other script other than the devnagri script this adds to the point that it was the world's only country to have Hinduism as its state religion
The coin is made up of pure Aluminium .The softness of this coin can be guessed from the fact that it can be misshaped by hands only

Friday, October 8, 2010

why the demand for 1964 1982 and 1995 one rupee note is so high

Atrader in old coins and notes, purchased 30 one-rupee notes -- the first ones printed by the government after Independence -- bearing the signature of the then finance secretary of India, K R K Menon.He paid Rs 1,350 for each note.All bank notes of India carry the signature of Reserve Bank of India's Governor's signature except the 1 Rupee note which has the Finance secretary's signature. The first Finance Secretary was KRK Menon and the first RBI governor was CD Deshmukh. Some of the Re 1 notes printed in 1964, bearing the signature of the then finance secretary, S Bhoothalingam, are at present available on ebay.com for Rs 25,500 each.However, all old currency notes do not appreciate as rapidly in value. The availability of the note in the market is the main factor. For example: the Re 1 notes printed in December 1964 and signed by Bhoothalingam are very rare, but other notes signed by him in the subsequent months might be available in the market and may not fetch the same value. The Rupee note ceased to be in existence in 1995.That is why demand of  one rupee note of 1995 is very very high.

Saturday, October 2, 2010

5 Rupee Coin 1989


The first five rupee coin was first minted in Independent India in 1985 it was not a circulation coin it was a commemorative coin issued  on the death of Indira Gandhi.It was a copper-nickel coin  the size of the coin was very big ,the diameter of the coin was 30mm.The normal coins in circulation were 22-25 mm.The coin made of the same metal was issued in 1989 to commemorate the Centennial of Pandit Jawaharlal Nehru's birth.The size was also similar to the 1985 coin .The normal 5 rupee coin for circulation was first minted in 1992 having a smaller size.

Jawaharlal Nehru was born on 14th November ,1889 and the year marked the 1st Centennial of Pandit Jawaharlal Nehru , a set of three coins of 100, 5 and 1 rupee were issued with his portrait in 1989. .The government issued this coin as a respect to the first prime minister of India who was also the father of Smt Indira Gandhi on whose death  a similar 5 rupee coin was issued .The same coin was issued on the death of Indira Gandhi and the Centennial of Pandit Jawaharlal Nehru's birth.
The coin is a large coin showing one side of  Pandit Jawaharlal Nehru's face the portrait  is of right side of the face similar to that of the coin of Indira Gandhi potrayed on the right side unlike the Queen Victoria in the British India coins where she is portrayed on the left side .The image of Pandit Jawaharlal Nehru is shown wearing a  Gandhi Topi(cap) and is shown wearing a Indian kurta wheras in the  1964 coin he is shown without the cap and only the face is shown