The 75 Rs Coin: A Comprehensive Guide to India’s Newest Commemorative Coin

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The 75 Rs coin, unveiled by Prime Minister Narendra Modi to mark the inauguration of the new Parliament building, is a unique collectible commemorating India’s democratic journey and showcasing the nation’s rich heritage and history.

India’s rich heritage and history are often commemorated through the issuance of special coins. One such recent addition to this collection is the 75 Rs coin, unveiled by Prime Minister Narendra Modi to mark the inauguration of the new Parliament building. This comprehensive guide will delve into the details of this unique coin, its features, how to purchase it, and its significance to Indian history and culture.

1. The Inauguration of the New Parliament Building

1.1. The Event

On May 28th, Prime Minister Narendra Modi released a special commemorative 75 Rs coin during the inauguration event held at the Lok Sabha chamber, where the new Parliament building was officially unveiled. This occasion marks a significant milestone in India’s democratic journey and celebrates the nation’s progress.

1.2. The Significance

The new Parliament building represents a modern and inclusive space designed to cater to the needs of a growing nation. The release of the 75 Rs coin on this occasion is a testament to the importance of this event and the pride that the nation takes in its democratic institutions.

2. Features of the 75 Rs Coin

2.1. Design and Composition

The 75 Rs coin is circular in shape with a diameter of 44mm and a weight between 34.65 and 35.35 grams. It is made from a quaternary alloy, consisting of 50% silver, 40% copper, 5% nickel, and 5% zinc. This unique composition gives the coin a distinct appearance and value.

2.2. Obverse Face

On the obverse face of the 75 Rs coin, the Lion Capital of Ashoka Pillar takes center stage, with the legend “Satyameva Jayate” inscribed below it. Flanking the Ashoka Pillar on the left periphery is the word “Bharat” in Devanagari script, while on the right periphery, the word “India” is inscribed in English.

2.3. Reverse Face

The reverse face of the 75 Rs coin features an image of the new Parliament building. The inscription “Sansad Sankul” appears in Devanagari script on the upper periphery, while the words “Parliament Complex” in English adorn the lower periphery of the coin.

3. The Purpose of Commemorative Coins

3.1. Not for General Circulation

The 75 Rs coin, like other commemorative coins, is not intended for general circulation. These coins cannot be used for transactions and are primarily released to commemorate significant events or showcase unique designs that represent the occasion.

3.2. Collectibles and Historical Significance

Commemorative coins hold great value for coin collectors, serving as treasured collectibles that capture a moment in history. With over 150 such coins released since 1964, these coins are a testimony to India’s rich heritage and milestones.

4. How to Purchase the 75 Rs Coin

4.1. Official Government Website

Anyone interested in purchasing the 75 Rs coin can do so from the government website www.indiagovtmint.in. Although the price for the coin has not been listed at the time of writing, it is expected to be disclosed soon.

4.2. Expectations on Pricing

Based on the composition of the 75 Rs coin, the material cost alone is estimated to be a minimum of Rs 1,300. The actual price at which the coin can be purchased will be revealed once the government provides further information.

5. The Market Value of the 75 Rs Coin

Considering the unique composition of the 75 Rs coin and the significance of the event it commemorates, its market value is expected to be higher than its face value. Collectors and enthusiasts may be willing to pay a premium for this one-of-a-kind collectible.

6. A Brief History of Commemorative Coins in India

India has been issuing commemorative coins since the 1960s, honoring notable personalities, raising awareness about government schemes, and remembering key historic events. The first such coin was released in 1964 in honor of Jawaharlal Nehru.

7. The Coinage Act, 2011, and the Minting Process

7.1. Central Government’s Power to Design and Mint Coins

The Coinage Act, 2011, empowers the central government to design and mint coins in various denominations. In the case of coins, the Reserve Bank of India (RBI) has a limited role in distributing coins supplied by the central government.

7.2. Minting Locations

All coins, including commemorative ones, are minted in four government-owned mints located in Mumbai, Hyderabad, Kolkata, and Noida.

8. Examples of Other Commemorative Coins

Over the years, various commemorative coins have been issued to pay homage to prominent figures, such as former Prime Minister Atal Bihari Vajpayee, Indian actor and politician Late MG Ramachandran, and Carnatic singer MS Subbalakshmi. These coins serve as a reminder of the nation’s rich cultural and historical legacy.

9. The Role of Precious Metals in Commemorative Coins

Commemorative coins often contain precious metals such as silver or gold, which further adds to their value. For example, the 2018 commemorative coin of Rs 100 denomination honoring Atal Bihari Vajpayee is 50% silver and is available on the SPMCIL website for ₹5,717.

10. Conclusion

The 75 Rs coin is a symbol of India’s progress and commitment to democracy. This unique collectible coin, with its intricate design and significant historical context, will undoubtedly become a cherished possession for numismatists and enthusiasts alike. Don’t miss the opportunity to own a piece of history and keep an eye on the official government website for updates on purchasing this exceptional coin.

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