The Ministry of Finance issued a notification on Thursday to commemorate the inauguration of the new Parliament building with a new 75 Rupee coin! The notification announces the release of a Rs 75 commemorative coin. Commemorative coins are typically minted to pay tribute to a significant event, individual, or landmark and are distinguished by design. Historically, India has introduced several commemorative coins as per the announcement made by the finance ministry.
A coin with a denomination of Seventy-Five Rupees will be minted at the Mint for issuance under the authority of the Central Government. The purpose of this coin is to commemorate the inauguration of the New Parliament Building. A commemorative coin is customarily minted to pay tribute to a noteworthy event, individual, or landmark and is characterized by a distinctive design. Historically, India has introduced several commemorative coins.
As per the statement released by the finance ministry, the newly introduced Rs 75 coin will feature an image of the new Parliament building and bear the inscription “Parliament Complex.” The coin shall possess a circular shape with a diameter of 44 millimeters and be equipped with 200 serrations along its edges. The coin weighing 35 grams will be composed of a four-part alloy consisting of 50% silver, 40% copper, 5% nickel, and 5% zinc. An image of the Parliament complex in 2023 will be engraved at the base to commemorate the year.
75 Rupee Coin Characteristics:
The coin’s obverse will showcase the Lion Capital of Ashoka Pillar, accompanied by the inscription “Satyamev Jayate” below it. The left side of the coin will bear the word “Bharat” in Devanagari script, while the right side will feature “India” in English. The coin shall feature the rupee symbol and bear the denomination value 75 inscribed beneath the Lion Capital.
The coin’s reverse side will display an image of the parliament complex. The Devanagari script for “Sansad Sankul” will be inscribed on the upper periphery, while “Parliament Complex” will be written in English on the lower periphery. Notably, the release of a Rs 75 coin to commemorate a significant event has occurred on previous occasions. In October 2020, a commemorative coin worth Rs 75 was issued to mark the 75th anniversary of the Food and Agricultural Organisation (FAO).
How to Get the 75 Rupee Coin?
The commemorative notes and coins are not intended for general circulation. Collectible commemorative coins with higher denominations that contain precious metals such as gold and silver are typically released to collect rather than being circulated as legal tender. On the contrary, commemorative coins that are priced lower usually have a shorter circulation lifespan. Individuals interested in acquiring commemorative coins may procure them from designated agencies.