Check if you have one..Omg!! these old coin Prices are in estimated Lakhs !

Lucky if you can find couple of coins by chance your great grand fathers kept aside for you . Really, this could be your lucky stones if you have few mohur old coins


Always rare coins will give you best return on investment . If you are lucky and no one can get that collection . It is the seller demand where buyer needs to put extra money to own.

George VI old coin	1995	50,000
	1999	4 Lakhs
George VI 1939 yearold coin	2007	7,000
Pure silver	Now	4 Lakhs

Read this article from Economic times 

Read how to know the value of coins

Old 100 Rupee elephant currency can get you one acre of Land

100 Rupee elephant old note

This 100 Rupee is very huge  in size that it cannot accommodate in today wallet .Of course now its time for cashless too ☺☺

Interestingly i found a person who saved in album where he has been taken dowry in those days with this seven 100 Re notes from parent in-laws. It gives him old memories .

100 Rupee Big size elephant note

.

This note could buy an acre of land which costs approx 5 lakhs now . Now this currency of 100 Rs note in market is around 8 to 20 based on the condition of the currency.

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.

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 

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.

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

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 
http://blogs.economictimes.indiatimes.com/counter-point/time-to-withdraw-rs-500-and-rs-1000-currency-notes/

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.

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.

Inspiring coins and currency collection from Venkatesh from Hyderabad

Global Famous Stolen Coin Collections in 2014

I am writing a few global famous theft took place in 2014 year and would like to add few more in near future.
Thought these news is an year back but this is for your information .

CANADA ONTARIO COLLECTION THEFT($50,000) :

The Ontario Provincial Police aren't known for their coin collecting acumen, but burglary has been putting on numismatic news .

Sometime around 3: 25 PM noon on May 9,2014 in broad day light some one opened a safe sitting in the garage of home in Township of Admaston Bromley and walked away with the collection Inside.

Some coins were stored in two metallic box- type suit cases were theft worth $50,000. Those includes Olympic coins with 12 trays of 24 coins . The other held coins with various animal and insect emblems. All were Canadian currency. Then there were two large boxes, one yellow and one blue containing silver coins with various large animals pictures depicted on them . The other boxes contain silver coins

The thief might have escaped with all those coins - they must have weighted lot .But even selling coins individually or in small batches ,presents problems. OPP investigators are keeping an eye on websites like Kijiji ,eBay to see whether the coins show up for sale .

Source : Coin Treasure Magazine ,Chennai

Contributed by : N Ganesan

NSW LIBRARY , AUSTRALIA (1$ Million ): 

Staff of NSW state Library have been left distraught after up to 1$ million worth of rare Australian coins were stolen in brazen day light theft. CCTV footage of the heist , which occurred just before 4 PM (AEST) on Wednesday , has been handed to Police , who say it shows a man entering the library on Macquaria Street and approaching the glass display cabinet.

Library staff did not discover the theft until the following morning. The coins were part of rare collection . There were 15 coins on display and 12 were stolen .

The most interesting one in many years is holey dollar ,dating from the time of Governor (Lachlan) Macquarie (Governer 1810-1821) and is an example of Australian first currency . It is hard to imagine something more precious . It really was Australia's first currency. 

We see our job carrying forward for the next generations , so when some one cuts across that , it is upsetting . " Dealers had been alerted to the theft , he said. The coins were in a secure display case, on the upper level of the Mitchell Library building . Mr Byrne said they were in an secure case that was connected to an alarm ,very difficult to open and monitored by CCTC footage.  

Source : Coin Treasure Magazine ,Chennai
Contributed by : N Palaniappan Chieft Editor

Fist time Industrialist commemorative coin released to honour Jamsetji Tata

On Jan 6th 15, PM Narendra Modi has released a coin set with Rs 100,Rs 5 to honor TATA Group founder  Jamsetji Nusserwanji Tata to mark 175th Birth Anniversary

A collector’s item, the set of Rs 100 and Rs 5 coins in silver depicting Jamsetji’s bust, has been fabricated by the Kolkata mint of the Security Printing and Minting Corporation of India and would be priced at Rs 4,500 each. Initially, only a dozen sets have been sent for being presented to the dignitaries. -

In the past, Jamsetji has been honoured by India Post through release of stamps — one in 1958 to mark the golden jubilee of the steel industry in India and another in 1965 in recognition of his contribution to the industrialisation of India. So far, coins have only been minted in honour of the freedom struggle, freedom fighters, events, scientists, temples, institutions and organisations 

Jamsetji was chosen by the Modi government because he is regarded as the “father of the Indian industry” for setting in motion what became Asia’s first integrated steel company, despite the hostile investment environment of a colonised India and his own failing health. 

Only the hotel — Taj Mahal in Mumbai — became a reality during his lifetime. Tata Iron and Steel Company Ltd (now Tata Steel) came into being in 1907, three years after his death in May 1904, and is ranked among the world’s top steel companies. -

Source:IE

Hope see to more govt is going to honor more Industrialists who made the country proud.

Numismatist : Passion for old Tamil coins

An article was published in Adyar Times about Sir.Raman Sankaran who is a collector of south indian ancient coins.

British India old coin engravers (coin designers)

Do you know meaning of Engrave ? Design a print on the surface


Around year 1833 where Queen Victoria coins are designed by William wyon .

Few others are

1) Kasinath Dass (1 Rupee silver coin, quarter anna)

• His skills were impressed by minting committee and appointed him Die cutter and copper plate engraver
• His salary was fixed at Rs 300 a month
• He has primarily done for 1 Rupee silver Queen victoria, quarter anna

2) Robert saunders  and Flaxman (1,2 Mohur coins)

•  Incuse F stands for his work

3) William wyon (Queen victoria,King william coins )

• Highly rated and skilled ,impressed by most of the people
• 1861 to 1851 period
• He has done portrait representations of not only queen victoria, but also George 1V,William IV
• Leonard Charles Wyon is son of William wyon who continued to work after his retirement.
• Infact victoria queen made sittings with him to design her portrait .

4) George William De Saulles (King Edward coins)

• After Leonard charles death, Wyon De Saulles 
• He married in June 1884 to Myra Hill but had no children
• He is special in Medal works between 1894 -1903 year with 30 medals
• He has signatureas 'DES' .on coins and medal

5) A.P Spencer ( George VI)

• Calcutta Mint engraver
• George V coin was prepared by Mr. Percy Brown and he adopted 
• He prepared designs for 2 Annas, 1 Anna, 1/2 Anna coin of copper nickel

But today i guess every thing is automated with advanced machinery and its a cake walk to print on new edition coins.

Do you know ? One of the Worlds Largest BANK NOTE

Largest Bank Note

Do you know ?

• This is one of the worlds largest bank note
• The denomination of this is 1 Lakh Peso note
• Created by government of Philipines in year 1998
• This was released in celebration of century (100 years) independence of spanish rule.
• It is released only to limited people especially collectors
• The market value to purchase is 1lakh 80 thousand pesos nearly $3,700.

5 Deer CD Deshmukh ,5 Rupee Fake Currency Note

5 Rs CD Deshmukh curreny note 

5 Deer CD Deshmuk with 5 Deers standing

\

3 Peacock Fake Notes Be careful before buying ,collecting

How to identify old currency note is fake or original ?

Just little basic knowledge or refer books like Indian Paper Money Guide book or follow our blog . This will very well help you in gaining the knowledge on old currency/coins.

3 Peacock Fake Notes Sample Images

(Govt has never issued such kind of Notes ) . Don't fall into the prey of fraud sellers 

Abroad (out of India) Minting locations of Old Indian Coins

S.No	Location of Mint	How to identify on coin
1	Lahore ,Pakistan	Small L symbol below the year
2	Moscow Mint, Russia	MMD in oval below the Year
3	Mexico City	O  above M below year
4	Slovakia Kremnca Mint	MK small shown in circle
5	Tower Mint UK	U  below Year
6	Taegu Korea	Star * symbol below Year
7	Seoul Korea	Star * symbol below year
8	Royal Mint Ottawa, Canada	C  below year
9	Royal Mint London, UK	During British rule, Below year Diamond symbol
10	Birmingham or Heaton	H below last digit of year
11	South Africa (Pretoria)	M below year

My MTC android app !! to know current location of chennai citi buses

Another new venture from Grandpacoins.in Team -My MTC android app !!

Our team has played a crucial role in new venture My MTC app !!! Chennai gets it first....

We are happy to release mobile app  have also been part of this initiative. Please check the latest android app MY MTC for Chennai buses. 

Download the app at https://play.google.com/store/apps/details?id=com.ca.mybus9.

Well, wats different from the existing ones ? 

• The only application that deals with the problem of waiting for city buses.
• Bus commuters can track their bus real time through the Spot and Find features in the app
• The updated and latest app available in the market.
  
• Additional features includes Map view of the routes, Bus fare, Distance, Know your nearest bus stop and more....

 Also like us on https://www.facebook.com/mymtcbus

  Together we can simplify city bus journey :)

Please share your valuable suggestions and comments !!

                   

Thanks & Regards

MY MTC Team

Email : connectingarea1@gmail.com

            grandpacoins@gmail.com

Coins minting centers in India

Facts about Minting centers

• •  Indian coins are minted from the year 1835.
  • Some of them are minted abroad approved by RBI and imported in 1857-1943,1985,1997-2002 has some other sign or symbol
  
  
  
  BOMBAY MINT ◆ : Small dot or diamond mint mark
  Shahid Bhagat Signh Road,Fort, Mumbai 400023,India Ph :+91-022 2661735 Fax:+91-03322661450

 

• CALCUTTA MINT (  or c ) : No mark or C on some coins
  Address : 4135 Alipore, South Kolkatta -700053
  Phone : 033 240 4132 /033 2401
  Email : calmint@vsnl.net
  Website : www.igmint.org
  HYDERABAD MINT ★ : Split Diamond
  IDA Phase II,Cheralapally,  R.R District ,
  Hyderbad 500051 ,India
  Phone : 0091-040-7266095
  Fax:040-27262951
  
  NOIDA MINT ⚫ : dot
  Address : D-2 ,Sector -1, Nodia -201301
  Phone : 0091 95120 2520563
  www.finmin.nic.in
   For quiz on minting places click here
   Sample pictures click here
  
  Why to wait ? Pull a coin from your pocket or wallet and check  now.