BOOKING OF UNC COINS BY HYDERABAD & MUMBAI MINT

For the first time in the history of the mints in India, single low value denominations UNC coins are being sold by the Hyderabad Mint. A single coin of Rs. 2.00 issued on 200th Birth Anniversary of Louis Braille was on sale for Rs.130.00 and the second single coin issued on Tercentenary of Gur-ta-Gaddi of Shri Guru Granth Sahibji was on sale for Rs.150.00. The booking of these coins opened on 12th November 2009 and closed on 12th December 2009, a period of 30 days only. The cost includes packing, forwarding and postage charges.Mumbai mint also followed soon and issued their own two coins: A single coin of Rs. 5.00 issued on Saint Alphonsa Birth Centenary was on sale for Rs.150.00 and the second single coin issued on Tercentenary of Gur-ta-Gaddi of Shri Guru Granth Sahibji was on sale for Rs.150.00. The booking of these coins opened from 08th March 2010 and closed on 30th April 2010, a period of 52 days only. The cost includes VAT, postal and packing charges.PS. Delivery of these coins can only be made by post with a minimum order of 25 coins each.

To which section of collectors is this new type of UNC coins being targeted by the mints. Limited dates of booking. Majority of coin collectors were not aware of this sale by the mint. Information should be sent to the numerous coin societies in India about the sale. The price policy is also not in tune with UNC coins. Paying Rs.150.00 for a UNC Rs.2/- or Rs.10/- coin is fleecing the ordinary and genuine collector. There is no mention as to wheather the UNC coins will be available across the counter in the mints for the days of booking. If not that shows are the coins being minted after the booking closes?

Send your feed back to stampstodayindia@gmail.com

This entry was posted in Uncategorized. Bookmark the permalink.

Comments are closed.