In conjunction with the inauguration of the new Parliament, Prime Minister Narendra Modi unveiled a special commemorative coin and postage stamp worth 75 rupees on May 28.
Finance Minister Nirmala Sitharaman had previously announced that a coin with a denomination of Rs 75 would be minted and issued by the Central Government to mark the occasion.
There is significant curiosity among the public regarding this unique 75 rupees coin. People are eager to know how they can obtain this coin and whether it can be used for purchases.
They also want to know the quantity of coins that will be issued. Here, we provide all the details about this extraordinary coin.
Key Facts about the New Rs 75 Coin:
1) Weight: The Rs 75 coin will weigh approximately 35 grams.
2) Design: It will feature an image of the new Parliament House and bear the inscription of the Parliament Complex.
3) Shape and Size: The coin will be spherical with a diameter of 44 mm and will have 200 serrations along its edges.
4) Composition: Made of a four-part alloy containing 50% silver, 40% copper, 5% nickel, and 5% zinc.
5) Year Marking: The year “2023” will be engraved beneath the picture of the Parliament House.
6) Design Elements: The coin will display the Lion Capital of Ashoka Pillar and the words “Satyamev Jayate” on one side. The words “Bharat” and “India” will be written in English and Devanagari script, respectively, on the left and right sides.
The rupee symbol and denomination of 75 will be located below the lion capital, and the numerical value of 75 will also be inscribed.
7) Reverse Side: The reverse side of the coin will depict the Parliament Complex, with “Parliament Complex” written in Devanagari script along the upper periphery and in English along the lower periphery.
Why Did the Government Introduce a 75 Rupees Coin?
The Finance Ministry issued the Rs 75 coin as a tribute to the inauguration of the new Parliament House on May 28.
Unlike regular currency notes and coins, commemorative coins are not intended for widespread circulation and usage.
Is the Rs 75 Coin Legal Tender?
Commemorative coins, such as the Rs 75 coin, are not meant for everyday transactions as they hold special significance. Additionally, the metallic value of the coin, which contains silver, exceeds its legal value.
How to Purchase the 75 Rupees Coin?
If you wish to buy commemorative coins, you can visit the website of the Security Printing and Minting Corporation of India Limited (SPMCIL).
However, as of now, the Rs 75 coin is not listed on the website. According to Yogesh Singhal, the head of the Bullion Jewelers Association, the cost of a Rs 75 coin will be at least Rs 1,300. Interested buyers will have to await an official notification for further details.
