The 10 Rupee coins which were supposed to be released three years ago, but were delayed due to some technical issues are all set to surface in the year 2009. The Reserve Bank of India (RBI) has launched 10 Rupee coins in 2009. The 10 Rupee bimetallic coins will be available in the market soon. There is no official word yet but this is the latest buzz in the nation. It is a great idea to avoid and get purge of the old half torn ten rupee notes circulating in the market. Undeniably a coin will be trouble-free to use.
Rumours’ subsisting reflects that a limited number will be introduced and the coins will be offered in some auction websites. The 10 Rupee coin was designed by National Institute of Design (NID), Ahmedabad with the theme of Unity in Diversity. The coins are being prepared at Noida and Mumbai mints.
The new 10 Rupee coin has the lion capitol, the numeric 10 and the year of manufacturing on one side. The value of the coin is indicated on both Hindi and English.On the reverse side, is a symbolic representation of "Unity in Diversity" - Four head sharing a common body.
RBI says: Four headed symbol shall be thought of as people from all four parts of the country coming together under one banner and identifying with one nation.
Since the press release is out the year inscribed in the new Ten Rupee coin will be apparently 2009.But the issue lies in the fact that the coin may still face impediments, as the defect which existed 3 years ago still persists. Reports are that some of the coins’ outer rings may break away from their inner center piece -the outer rings are composed of Aluminum Bronze (95% copper, 6% aluminum and 2% nickel). The inner is struck from Cupro Nickel (75% copper and 25% nickel).I hope the defects get repaired by the institute so that we have the 10 rupee coin floated in the market in the same year.
2 comments:
10 ruppes coin...wow tats a big denomination to be coined..tat too bimetallic...sounds excitin...
im eagerly waitin to hold one in my hand real soon..
wat say!!!
Yeah.. same is the case here..Hope it comes to the market this year without any more delays..
People in ancient past you have 100 re coins.. Can you imagine?I saw one while surfing the other day..
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