BRITISH PERIOD - KING EDWARD VII (1903-1910) - One Rupee

KING EDWARD


Edward VII - One Rupee coin

The Edward VII series of coins of India are dated 1903-1910. No Gold coins were issued during the reign of Edward VII. There are four silver coins (Rupee, 1/2 Rupee, 1/4 Rupee and 2 Annas) and three copper coins (1/4 Anna, 1/2 Pice and 1/12 Anna). A cupro-nickel 1 Anna coin was introduced in 1906.

Coinage of Queen Victoria had the Queen's bust facing left, following the British practice of making the effigies of successive sovereigns face opposite directions,the coins of Edward showed the king facing right.

On 01 Aug,1906, the copper coins were replace by bronze issues with the same obverse and reverse designs but a thinner plancet due to the rising international prices of copper. The 1906 coins come in both varieties.

Another special feature of the coinage of this period was that,in all the silver coins the inscription was in both English and Persian, compared to Victoria coins that showed only English. In 1 anna cupro-nickel coin, the value was shown in five languages- English, Persian, Hindi, Bengali and Telugu.

There were over 263 million of these Indian 1 rupee coins featuring King Edward VII (1901-10) minted at Bombay and Calcutta. It contains .3438 of an ounce of silver. There is no mint mark for Calcutta. The Bombay issues have a small incuse "B" (the 1903 Rupee also has a raised "B" variety). The "B" mint mark can be impossible to see but a "dot" on the stem of the lotus-bud (lower right on reverse) is a more prominent mark.

FAKE INDIAN COIN

The following coins are looking like very rare coin of republic india. But RBI never issued such coins for circulation. They are fake coins which are the hot items in online business like ebay and quikr. I request the viewer of this blog to be aware and careful of the dealers and the fake coins.

U.S. ONE DOLLAR COIN

AMERICA 1972 ONE DOLLAR EISENHOWER COIN

5 RUPEE PLUS COIN - 2007

This is a controversial coin that was banned by the government of India following the controversy surrounding coins of 1 rupee and 2 rupee coins with similar symbols on them. Due to this reason, this coin became rare and the price of this coin shoot up to 600 Rs to 1000 Rs.

Many coin sellers offered me this coin for less than 500 Rs. I also wanted this coin to be in my collection. But one of my coin dealer told me that don't buy this coin from the coin market for extra premium. I asked him what is the reason? He said me that "in 2011, Govt will release the same coin which was minted during 2007 for circulation. That time the market value of the coin will be only just 5 Rs. If you buy this coin now for Rs 600, then you will lose 595 after several years." He gave me a good advice at a right time.

Many existing coin collectors and new coin collectors may not know this fact. So, please don't buy this coin for as of now. It is better idea to wait for some more time to add this coin to your collection.

Investing in antique coins

WHY INVEST in numismatics? Compare investments made in the stock market and mutual funds with investments made in numismatics. The darling of Indian stock market – Reliance Industries with a market cap of over Rs.1, 64,000-crore was once selling at Rs.3, 252. But it touched a low of Rs.930! How is going to compensate the loss? The returns of mutual funds are also bleak.

• Investment in the PPF (Public Provident Fund) needs a 15-year wait.
• At the Post Office (Kisan Vikas Patra) you need to wait for eight years and seven months.
• National Savings Certificate needs six years to return your funds with interest.
• The RBI bonds’ tenure is six years.

Have you ever invested in coins and waited for six to eight years. You know the mind-boggling potential of returns on investments in numismatics. To believe yourself you need to search the website on archive coins. Also see the examples:

• In 2005 a George V gold Rs.15 coin was sold for $600.
• In 2008, similar coin was sold for $2600.
• That is in a matter of three years it realized $2000 profit!!
• A William gold one mohur was sold for $600 in 2003.
• A similar coin was sold for $2488 in 2007.
• That means a neat profit of $1800 in four years.
• Similar instances are aplenty. Do your homework.
• Search the above website for all values.

A few hundred thousand to a few hundred lakhs can be invested in numismatics. The US laws suggest that one can park 25 per cent on one’s earning in numismatics!!

You can specialise in

• Ancient Indian coins (Gandhara, Magadha etc)
• Indian classic gold coins
• British India gold mohurs
• Patterns and specimens
• Silver one rupee (1835-1947)
• The Presidency collections
• Native State collection
• The options are unlimited!!!

For the market movements of classic Indian gold coins of the Kushans, Guptas and the Moghuls keep watching the auctions of www.cngcoins.com. Other auction houses that regularly come up with India collection is Baldwin’s and Spinks.

The ebay website is another well-known site for one and all.

Buy with confidence, read and learn about each and every coin, store all information you gather about your coin, including scans of the coins. Attend all exhibitions.

Source: http://www.merinews.com/article/investing-in-antique-coins/15709618.shtml

COSTLIEST 2 RUPEE COIN

1992 – LAND-VITAL RESOURCE

The rarest coin issued by the Republic of India , as far as I know, is a 2 Rupee coin issued in 1992 by the Calcutta Mint to commemorate 'Land Vital Resource'. The coin is minted in Copper Nickel Alloy. The mintage of this coin is assumed to be less than 500. The Krause does not mention this coin.

However, one can find this coin listed in the commemoratives issued by the Calcutta Mint in its official website. It was issued as part of awareness campaign for conservation and promotion of scientific management of land resources. The coin was released by the then Honourable Minister for Agriculture, Mr.Sharad Pawar on 18-11-1992 during the National Resources Conservation Week which falls from 15th November to 21st of November.

This coin is one of the rarest coins issued by the Republic of India. The mintage of this coin is assumed to be less than 500.

WORLD’S LARGEST GOLD COIN

The world’s largest and most expensive gold coin, the “Canadian Gold Maple Leaf” goes on auction at Vienna’s Dorotheum on June 25th. The coin made of 99.999% pure gold weighs 100 kilograms, is approximately 50 cm in diameter, about 3 cm thick and was minted in Canada in 2007

The world record-breaking coin, which is also listed in the current edition of the Guinness Book of Records, bears the image of Queen Elizabeth II, the official head of state of Canada on one side and three map.

The coin is worth about 2 million euro (U.S. $ 3.2 million)le leafs the national symbol of Canada on the other.