Tuesday, March 29, 2011

Indian 10 rupee-Bimetal


10 rupee, 2006


10 rupee, 2008
10 rupee 2008
This 10 rupee coin is minted on the theme connectivity and information technology. The seed of the information technology revolution was sowed in India in 1980s with the advent of people like Narayan Murthy and companies like Infosys. Now, the government has acknowledged the role of information technology in providing people with employment and increasing the GDP of the country. The acknowldgment has come in the form of the 5 rupee coin with the wave pattern and this 10 rupee coin.

The new bimetallic 10 rupee coins are good on the eye and are light, but they lack detail and blind people find it hard to identify the coin by rubbing fingers on them. The two metallic rings clearly look different, whereas they should seem to be one coin only with two different colours. The outer golden ring is aluminium-bronze and the inner blank is nickel and copper. The weight of these coins is 7.7 grams and the diameter 27mm.

Though bimetallic coins are very common in most countries, this is the first time that a bimetallic coin has been released in India. This has caused massive craze among common people for these coins and many stupid people are stockpiling this coin, thinking that it has high value, or maybe its value would be way higher in the times to come. People have hoarded this coin by the hundereds, even thousands, and because of this reason this coin cannot be found in circulation.

2 comments:

igor darwin said...

Hi,

This is a really good blog. I read quite a few entries and remembered the commemorative coins I used to collect. What happens to all the ten-rupee coins that are released? One hardly finds any in circulation. And what do you think about the deteriorating quality and identities of coins being released these days?

Girish Suragani said...

Yeah i too agree with ur point....actually what happens most of the ten rupees coin are kept aside by most of the people , who then sell it to coin collectors at high price.... or keep it with themselves....one more is that minting of 10 rupees coins are not more..