Monthly Archives: June 2011

25 paise coin discontinued from June 30

RBI has notified that the 25 paise coin will no longer be a legal tender from June 30, 2011. Given the inflation in the country and constant devaluation of the currency, this move is not a surprise to many. Banks and all branches of RBI will be accepting these coins at face value until June 30, 2011.

Unofficially, these coins were not being accepted at many stores and retail outlets for past many months. However there are many in the poorer districts of India that will be affected by this move. Such coins are very famous in poor districts of Bihar, Orrisa and Uttar Pradesh where daily wage laborers earn less than Rs 20 a day. The move is going to affect pan and gutka shops in such small towns.

25 paise coins were launched in 1957 when India moved from anna system to the decimal currency system. Over the years various 25 paise coins were launched by RBI including the famous 1998 stainless steel 25 paise coin.

25 paise coin 1998 rhino

Given that these coins will no longer be in circulation, there numismatic value and interest will increase sharply. If you have some of these coins, it might be a good idea to preserve them as they are now part of history.

1973 Proof set grow more food 9 coins

1973 Proof set of “Grow more food” was issued by Bombay mint. The set contains the rare 1 rupee coins of 1973. This set consists of 9 coins.

1973 proof set grow more food 9 coins

If you wish to purchase this 9 coin 1973 proof set, please contact us via the website.

1972 proof set: 25th Anniversary of Independence

In 1972, Republic of India issued a new proof set marking the 25th anniversary of Republic of India. The proof set consists of 9 coins. It contains the 1972 1 rupee coin which is considered rare. As a result, almost 70% of the set value is due to the 1 rupee coin.

This proof set was minted in Bombay mint. If you wish to purchase this set, please contact us through the website.

1971 proof set FAO issue

The 1971 FAQ issue proof set of Republic of India is one of the rare sets of modern India. The set has a significant value because of the rare 1 Rupee 1971 coin which alone costs about 60-70% of the entire set value.

Food and Agriculture Organization issue 1971 proof set

The set consists of 9 coins and was minted by Bombay Mint. If you wish to purchase this set please get in touch with us with your offer.