Saturday 31 December 2016

Rice pulling Old coins,Copper Jugs fraud caught to media

Explaining video in English :-
Many people would have weakness of knowing about future or forecasting etc. This example fraud says Coin has powers which can stop aeroplanes,rockets.You can become crorepathi over night. It happend in Vizag 50 lakhs fraud and offering a coin to business man. This coin or Ragi Jug attracts rice grains due to the metail iridium .They target cash parties.They are caught in Srikakulam.

Friday 30 December 2016

Price of Proof set Jaya Prakash Narayan with description

JP Proof set

                              2002 – LOKNAYAK JAYA PRAKASH NARAYAN (1902-1979)
Rs 100,Rs 10,1 Re
Jaya Prakash Narayan appears 
Issue Price (Face value)
Rs  470
Approx. Market Price
Rs  14000
100 Rs
Quaternary Alloy , 35 grams, 44mm, 200 serrations
10 Rs
Copper nickel,12.5 grams,25mm,150 serrations
1 Rs
Copper nickel,4.8 grams,25mm,

  ü  People started calling him as JP . Till now we observe most of the people calling this name of any person in short as so
  ü  Independence activist and leading opposition to Indira Gandhi at 1970’s
  ü  He was awarded Bharat Ratna , highest civilian award .
  ü  Intially Jawaharlal Nehru invited him to Indian National congress  and later he moved separate

  ü  Being in Opposition, he was the key person who formed a  Janata committee during emergency     revoked by Indira Gandhi  Jan 18 ,1977 .

Saturday 17 December 2016

Price and more details of Proof Coin 2002 Saint Tukaram

Saint Thukaram

                              2002 – SAINT THUKARAM (1608-1650)
Rs 100,Rs 50,Rs 10,Re2
Saint Thukuram  appears
Issue Price (Face value)
Rs  750
Approx. Market Price
Rs  30000
100 Rs
Quaternary Alloy , 35 grams, 44mm, 200 serrations
50 Rs
Copper nickel  , 30 grams  ,39mm ,180 serrations
10 Rs
Copper nickel,12.5 grams,25mm,150 serrations
2 Rs
Copper nicket,6 grams,26mm,

    ü  Saint Tukuram was born in Dehu(near Pune)
    ü  His real name Tukuram Vhilhoba Aambe

    ü  He is devotee of god Vitthala or Vithoba

Saturday 10 December 2016

12 Facts on old currencies that every one doesn't know

           12 Unknown facts on old coins and currencies

1. In starting of 20th century  Aden,Oman, Kuwait , Bahrain, Qatar, Trushial States, Kenya, Uganda, Mauritius used our Indian currency. 

2. During the independence time the price of $ is almost same with Rupee.  

1947     1$ almost equal to 1 Rupee
Now      1$ = 66 Rs approx

3. It takes around Rs 6.10 to mint the 10 Rupees coin .

4. In 2007 there was a heavy shortage of Kolkata due to illegal movement to Bangladesh for manufacturing blades.  For a one rupee coin they can make Rs35 worth seven fine quality blades. 
At that time few people and few small business men used to take money from beggars with more value for one rupee.

5. As per legal tender, RBI can mint only  maximum denomination of Rs 10,000 not more than that.It can mint lower denomination like Rs 1000 any number of notes.

6. India has highest denomination Rs 10,000 note was in circulation between 1938 to 1946 . Later in 1978 these were demonetized.

7. Till 1947   1 Rupee = 64 Paise later in 1957 they divided and made it into 100 Paisa for a Rupee.

8. Paper currency was first started in 18th century. India and China are the first countries in the world to use coins . 

These paper currency notes were first minted by private banks Bank of Hindustan, Bank of Bengal, Bank of Bombay, Bank of Madras

9. After Pakistan separated from India till the currency was established , Pakistan used currency of India from RBI with stamp "Government of Pakistan".

10. Every currency denomination has an unique symbol with little bubble. when you roll your hand on these symbols you can feel a bubble which can easily identify at dark. 

     2000 Rs - Rectangle 
       100 Rs - Triangle 
         50 Rs -  Square
         20 Rs -  Vertical Rectangle 

symbols for currency

The cross lines at the right and left side are for blind people to identify . 100 Rs has four lines .2000 Rs has seven lines.

11. The Indian  currency is made from cotton not from Paper just like semi cloth . Hopefully almost  every one are eagerly waiting for plastic notes to come .

12. All the notes are released by RBI except one rupee note which is released by Indian Government because of it 1 Re note has finance secretary signature.                                      

Read more facts on other currencies 

Sunday 4 December 2016

Worries or No worries for coin collectors on demonetisation

As old coins become more older and older in case of demonetization the value of them should be appreciated rather than down fall. But temporary there may be downfall but it should be recovered over the mean while .

If most of the Indians would have a collection of old coins there and then they can use it e.g King George V one rupee silver coin for price value like Rs 600/- during this demonetization.You can be ready to purchase groceries worth Rs 600/- using single coin.

But people are not

why people accept a silver or gold bars equivalent  money why not old coins of silver ???

Lack of awareness is the answer for this.

I feel there is no worries on the price drops if exists it would recover in short period of time.

Things that my worry dealers are only payments

  • Paying the money via cheque or cash 
  • Transferring to payee by online
Good things,
  • Costly coins which are high priced need to dealt only in bank accounts and every thing will be in white money.

Saturday 19 November 2016

Tuesday 8 November 2016

First look poster of Rs500 notes

3 Things to know about Rs 2000 currency note with NANO chip to eradicate black money

As many of you seen Rs 2000/- gone viral on internet no proofs of it whether it is real or not.
Few questions which has raised in forums with swatch Bharat Specs symbol.

 ⁠⁠⁠RBI likely to issue Rs 2000 Rupees Notes coming February 2017.

India is all set to add one more new denomination to its currencies shortly.

1)Government has put a step forward and took an initiative to declare the black money without revealing the identity. 

2)Now second action plan is track the denomination located in dense with a micro chip NGC (Nano GPS Chip)

3)How the embeded NGC Technology Works?

The unique feature of the NGC is it doesn't need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the NGC reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every NGC embedded currency can be easily tracked & located even if it is kept 120 meters below ground level. The NGC cant be tampered with or removed without damaging the currency note.

4)How will this help eradicate black money menace?

Since every NGC embeded currency can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suspicious locations other than banks & other financial institutions. The information will be passed on to the Income Tax Department for further investigation

This is fake news and RBI has responded this is not real. Fake news from whatapp forward !!

Sunday 6 November 2016

2000 Rs New Indian highest denomination currency note ready for circulation

RBI set to release Rs2000 Indian currency note ,the highest denominationto come into circulation, even as some politicians,ministres demand be discontinued to curb black money.

Below is the note that is received from whatapp groups . Experts please comments below is this original or not ?

Suprised on our observation thats there is no Mahatma Gandhi but with specs on back side.
Not sure if Mahatma can be viewed when note is seen on light.

We would like to get few opions of you by posting below comments.

2000 Rs Indian currency note 

2000 Rs currency note back 

Reserve Bank of India to issue Rs 2,000 notes soon: Report

Tuesday 1 November 2016

Feeling better solution to introduce a Mobile app to authenticate originality Rs 500 /1000 instead abolishing

Few ideas with alternatives on  Rs500/Rs 100 denomations.

In News we are hearing very common the ways to abolish denominations of Rs500 & Rs 1000 .

               Why don't we think to introduce a mobile app which can scan it in a flick from a camera and results you with a genuine or fake.

Recently AP CM Chandrababu naidu has written letter to PM to abolish 500 & 1000 notes to erupt black money.

Read below news and comments for more brain stroming ideas

Tuesday 25 October 2016

Do's and Dont's with Old silver coins market silver prices

10 days back i was checking the silver prices and found to be the price Rs 47000/- per kg. But now the price fell to Rs 42,000 .

             where is the Rs 5000/- gone from last 10 days??

If the market is reverse , then it is good earning for investors.

Are silver coins are traded with real time prices ?
Yes in some places like Mumbai. But most of the places there wont be much difference or flu cation or change in rate with the dealers of antiques and old coins.

King George VI coin which is being sold Rs 500/- will remain more or less until and unless there is a huge variation of prices

When to buy silver coins ?
When the silver price is low try to buy in bulk to negotiate with dealer on bulk linked to market value of silver price. As i mentioned above buy when silver price is low .

Clever idea
Keep very high target duration like 3 years and set a price to sell it. wait till you get the price and sell it . By luck if you get the price in just 10 days you are very lucky person.

If you are serious investor do not trade with silver coins and hold it for 4-5 years long term which is good safe investment too.

Saturday 30 July 2016

Where can you find old coins cheap in Hyderabad ?

Every one in numismatics want to collect some coins and preserve the Indian heritage .Its is good habit to educate the children to know importance of collecting numismatics.If you give Children a habit of collecting they may start collecting and may not forget for life time.
 Indian style is to find some thing in better price than the compete tiers deal with .

So where do you get coins for cheap in Hyderbad ? Its near Charminar

You can find a very small roadside or small shops selling coins for cheaper. But be careful with coins like ram, sita etc godess they are just temple tokens not the coins. You may get bigger size for Rs 100- Rs300

 There are quite a lot of varieties of coins to collect and start in cheaper rate. Better way is to bargain half of the price or less at your choice . I suggest to buy some coins and make an Album and research in net or our website about the coin and paste the description of the coin along with the album

Ofcourse you can definitely find better ways to resale the coins to other fellow collectors. Silver coins are like double edged sword where you can resale if the silver price of the coins shoots up.

Lets make some stats that i have researched personally . June 2016 the price of the silver per kg is Rs 38,000 but after a month i.e July 2016 the price of the silver shooted upto Rs 47,000 . Suppose if you have purchased the silver coin at cost  of Rs  40,000 and found a time with a better price you can resale to dealers (see the list of dealer in our site ) .Now your investments are very clever and you can get better return on investment. So be careful risk is also involved if the price comes down.

You can get some Charminar silver coins near Charminar but be careful to authenticate if it is orignal or not.

Sunday 15 May 2016

2003 Year Proof Set coin – 150 Years of Glorious

                              2003 – 150 Years of Glorious
Rs 100,Rs 2
Elephant showing the lantern (light) as in olden days .
Issue Price (Face value)
Rs  800
Approx. Market Price
Rs  2520
100 Rs
Quaternary Alloy , 35 grams, 44mm, 200 serrations
2 Rs
Copper nickel  , 6 grams 

    ü  Indian railways with largest employee base in the world
    ü  Indian railways started in India 1853.
ü  By Independence year 1947 there were 42 rails systems.
ü  In 1951, the systems were nationalized as one unit, becoming.
ü  one of the largest networks in the world.
ü  Indian Railways has more than 64,215 kms of track and 7083 stations.
ü  It is the worlds 4th largest railway network after US, Russia, China.
ü  It has close the 240000 freight wagons, 60,000 coaches and 9000 locomotives.

Thursday 28 January 2016

Proof coin 2004 – LAL BHADUR Market price

                              2004 – LAL BHADUR SHASTRI BIRTH CENTENARY (1904-2004)
Rs 100,Rs 5
Pigeon carrying  a mobile phone
Issue Price (Face value)
Rs  550
Approx. Market Price
Rs  7000
100 Rs
Quaternary Alloy , 35 grams, 44mm, 200 serrations
2 Rs
Copper nickel  , 9 grams, 23 mm 

  ü  Second PM of Republic India
  ü  1930 he joined as freedom fighter during Mahatma Gandhi Salt Satyagraha
  ü  He was prisoned for 2.5 years
  ü  He also served as Minister of Railways 1951-1956

First statement of Shastri as PM -11 June 1964

There comes a time in life of every nation when it stands at the cross roads of history & must choose which way to go, But for us there need be no difficult or hesitation ,  no looking left or right our way is straight & clear – building up of socialist democracy at home with freedom & property for all & the maintenance of world peace & freedom of all nations.

Thursday 21 January 2016

2004- Proof set coin (150 years of telecommunications ) Market price

150 Years of Telecommunication 

                              2004 – 150 Years of Telecommunication
Rs 100,Rs 5
Pigeon carrying  a mobile phone
Issue Price (Face value)
Rs  480
Approx. Market Price
Rs  4000
100 Rs
Quaternary Alloy , 35 grams, 44mm, 200 serrations
2 Rs
Copper nickel  , 9 grams, 23 mm 

  ü  Started in 1850 as experimental line between Kolkata  & Diamond harbor
  ü  1851 it was opened for the use of British east India company
  ü  After that 6400 telegraph lines started to cities like Agra , Mumbai, Chennai, Bangalore 

Tuesday 5 January 2016

Mahatma Gandhi Proof set coin (Dandi March)- 2005 with Price details

                                2005 – 75 Years of Dandi March (1930-2005)
Rs 100,Rs 5
Mahatma Gandhi and followers marching Dandi
Issue Price (Face value)
Rs  600 /-
Approx. Market Price
Rs 4000/-
50 Rs
Quaternary Alloy , 35 grams, 44mm, 200 serrations
10 Rs
Copper nickel  , 9 grams, 23 mm 

   ü  1930 (March-12) Salt Satya Graha started as a part of Indian Independent movement .
   ü  M Gandhi led Dandi March from Sabarmati ashram am near Ahmadabad to the sea coast near village of Dandi
  ü  Till 24 day (400 kms ) march to produce salt without paying tax , all Indians joined him on the way
  ü  British people beat large no of non violent protesters.
  ü  This news coverage went world wide attention and projected british as disobedience & political justice.

  ü  This commemorative coin  remained  spiritual landmarks in Indian freedom struggle. 

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