Commemorative coins are usually issued on some
special occasion or to remember a special events/ individual or movements
etc.,The first commemorative coin was issued on 1964 by honouring India’s first
Prime Minister Jawaharlal Nehru. It was issued to commemorate his birth
anniversary. Following that, many more commemorative coins have been issued. In
India there are four minting units are working in following places.
Mumbai
Kolkata
Hyderabad
Noida
The
commemorative coins may be issued for general circulation or for coin
collectors in specially marketed packages. These specially marketed
packages can be either un circulated sets / proof sets. Commemorative coins
have been issued in various denominations, ranging from 5 paise to 100 rupees.
The lower denomination coins are usually for general circulation and their
metal composition is usually in line with the regular coins, whereas the higher
denominations usually contain some silver and are meant for collection purposes
only. The lower denomination coins can be found in general circulation. The
specially issued collector commemorative coins can be ordered directly from the
mint during a specified time period.
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