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PM Modi launches Rs 75 coin: On the occasion of the inauguration of the new Parliament Building, Prime Minister Narendra Modi unveiled a commemorative Rs 75 coin during an event held at the Lok Sabha Chamber on 28 May.
The Union Finance Ministry’s Department of Economic Affairs sent a formal notification saying that the weight of the coin will be around 35 grams.
Allow me to elaborate and provide more information with the specification guide.
Why did the government come up with a 75 rupee coin? [Rs 75 coin? ]
To commemorate the inauguration of the new Parliament House, the Finance Ministry has released Rs. 75 coin has been released. As per their announcement, the obverse side of the coin will feature the ‘Ashoka Stambha’ lion capital at its centre, accompanied by the phrase ‘Satyameva’. Jayate’ is written below.
Devanagari script for ‘Bharat’ and English for ‘Bharat’ will be decoratively affixed on either side of the Ashoka pillar.
75 rupee coin for general circulation? [ general circulation? ]
According to a finance ministry official, the commemorative coins are not for general use and cannot be used for transactions.
Earlier, the finance ministry had announced that a quaternary mix of 50% silver, 40% copper, 5% nickel and 5% zinc was in force.
Notably, the 35-gm coin is distinguished by the presence of 200 notches running along its sides.
What is the market price of a coin of Rs 75? [ market price of rs 75 coin composition ]
According to Yogesh Singhal, President of Bullion Jewellers’ Association, the raw material cost of the coin is at least Rs. 1,300 is. However, for the actual purchase price of the coin, one must wait for more information to be released by the government.
Features of New Rs 75 Coin [Features]
The lion capital of the Ashoka pillar is going to adorn this fresh coin. The phrase “Satyamev Jayate” will be inscribed below it.
On the left side of the text, India will be written in Devanagari script, and on its right, India will be written in English characters.
The lion capital will be accompanied by both the rupee symbol and the numerical value of 75 in international numerals.
The reverse side of the coin will depict the Parliament complex. The top border will have Parliament Complex written in Devanagari script, while the Parliament Complex will be displayed in English on the bottom border.
The coin, weighing 35 grams and having a circular shape with a diameter of 44 millimeters, will be produced using a four-part alloy consisting of 50% silver, 40% copper, 5% nickel and 5% zinc, while showing its edges. 200 serrations.