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.

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