Rs 75 Commemorative Coin

May 29, 2023

In a notification released on May 25, the Finance Ministry announced the launch of a new commemorative coin. This coin holds significant historical and cultural value, celebrating important events and personalities in the country’s heritage.

The Composition of the Rs 75 Commemorative Coin

The newly introduced Rs 75 commemorative coin is composed of a unique quaternary alloy. It consists of 50% silver, 40% copper, 5% nickel, and 5% zinc. This blend of metals ensures durability and longevity, making the coin a cherished piece for collectors and enthusiasts alike.

The Design and Inscriptions

The face of the coin is adorned with the renowned Lion Capitol of Ashoka Pillar at its center. Below the emblem, the inscription “सत्यमेव जयते” (Satyameva Jayate) is elegantly engraved. On the left periphery, the word “भारत” (Bharat) is inscribed in Devnagri script, while the word “INDIA” appears on the right periphery in English.

Flipping the coin reveals a captivating image of the new parliament building, showcasing the nation’s democratic spirit. The upper periphery carries the inscription “Sansad Sankul” in Devanagari script, while the lower periphery proudly displays the words “Parliament Complex” in English.

Acquiring Commemorative Coins

For those interested in obtaining commemorative coins, the Securities of Printing and Minting Corporation of India Limited (SPMCIL) website serves as a reliable platform. However, it’s important to note that the value of commemorative coins may not always align with their face value. These coins often contain precious metals such as silver or gold, making them collectibles with intrinsic worth beyond their monetary denomination.

Role of the Central Government and the RBI

Under the authority granted by the Coinage Act, 2011, the central government holds the power to design and mint coins across various denominations. The Reserve Bank of India (RBI) plays a crucial role in the distribution of these coins, ensuring they reach the public as intended by the central government.

Mints Across India

All coins, including commemorative ones, are minted in the four mints owned by the Government of India. These mints are located in Mumbai, Hyderabad, Kolkata, and Noida. They are responsible for the precision and craftsmanship behind the production of the nation’s coins, preserving the integrity of the currency.

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