New Coins of India in 2019, Check it!

The word 'Coin' is the derived from the Latin word. The Latin word is "Cuneus". The first use of coins was in the country of China and Greece. It is in the year 700 BC. The coin used in India in the sixth century B.C. In that year coin were not available due to denomination. They were used the cowries. It is the hard outer shells of shellfish. It is also used to supplement coins. It is widely utilized by the poor. A Coin is a piece of metal. It has the prescribed weight and design. It is produced under the directions of an authority. The coin is use as a medium of exchange and commercial transactions. It has become the part of daily life. The Collecting old, rare, and obsolete coins are the fascinating and extremely educative hobby many peoples. It has gained immense popularity. The momentum is the course of Last century. The study of coins and medallions is also known as the NUMISMATICS.

In India, the coins of are sufficiently small due to denomination. The coins in Indian currency have mostly been in low denominations. It is a high denomination coin. It is doubtful whether you will ever get to hold it in your hands. It has extreme lengths to procure one. In India, coins are issued for circulation. It is with the help of the Reserve Bank. This is in terms of the RBI Act. The coins in India are the issued in denominations. That is of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees. The Government of India has been using various metals from time to time depending on the value of metals. The Five-rupee coins are made from brass. They are being minted by the Reserve Bank of India (RBI) RBI Coins Booking .The fifty paise, one, two and five-rupee coins were made from ferritic stainless steel. There are other 12 and more different types of 10 Rs. Coins. It is in circulation in India at present. The coins and notes are issued by the Government of India.

The Government and or RBI is providing or owing you as the assets. The notes are fiat money. It is issued by the Reserve Bank of India. They have the approval and or specification by the Central Government. The value is up to of Rs.10, 000. The notes are a liability by the RBI. It is to pay the bearer. The sum amount in Rupees is denoted by the promissory clause. The Coins issued may not exceed 1000 Rupees. The size, design and other specs may be decided by the Central Govt. Coins are not a liability but an asset. The note is considered a non-metallic coin. It is as per the Coinage Act.

Below are the some New Coins of India in 2018:

• 60 Rs coin for 60 years of Government of India
• 75 Rs coin is for Platinum Jubilee of RBI
• 100 Rs. coin for 100th anniversary of Mahatma Gandhi’s return to India
• 125 Rs coin is for 125th birth anniversary of Sarvepalli Radhakrishnan
• 125 Rs coin is for 125th birth anniversary of B. R. Ambedkar
• 150 Rs. coin for birth anniversary of Rabindranath Tagore
• 1000 Rs. coin for Brihadeeswara Temple in Thanjavur