You can sell your collectable Rs 1 coin online and get up to Rs 2.5 lakh instantly. The Rs 1 coin was minted in pure copper. The special coin is a trial Off Metal Strike (OMS) coin . One such coin was reportedly sold for Rs 2.5 lakh in an auction a few years ago.
Read moreWhat is an Indian coin called?
Coins of the Indian rupee (INR) were first minted in 1950. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees .
Read moreHow many types of coins are there in India?
Coins in India are presently being issued in denominations of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees. … Coins. Five Rupee CoinTwo Rupee CoinOne Rupee CoinFifty PaiseTwenty Five PaiseTen PaiseCoins – Reserve Bank of India rbi.org.in › Scripts › ic_coins
Read moreWhat coins are issued by RBI?
The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act. Coins in India are presently being issued in denominations of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees .
Read moreWhy coins are not issued by RBI?
In respect of coins, the role of RBI is limited to distribution of coins that are supplied by Government of India . The Government of India is responsible for the designing and minting of coins in various denominations as per the Coinage Act, 2011. 7.
Read moreIs 10 RS coin banned in India?
Rupee 10 coins are legal tender , says Government. Rs 10 coins being circulated by the Reserve Bank of India (RBI) in various themes, sizes and designs are legal tender. It can be used as legal tender in all transactions, according to the Central Government.
Read moreDo we have 20 rupee coin?
20 rupees: The face of the coin shall bear the Lion Capitol of Ashoka Pillar with the legend “Satyemev Jayate” inscribed below, flanked on the left periphery with the word “Bharat” in Hindi and on the right periphery with the word “INDIA” in English.
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