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The coins went on sale on March 5, 1936, and the quantity made available to the public sold out in a matter of hours. Rhode Island insiders were holding back quantities for later sale once prices rose. That conduct incensed coin collectors, and the abuses led Congress to move toward banning commemorative coins.
Commemorative coins date as far back as the 1890s and were produced over the next several decades. Some of the older coins can sell for thousands of dollars on the collector’s market. But most ...
It is engaged in the manufacture / production of currency and banknotes, security paper, non-judicial stamp papers, postage stamps and stationery, travel document viz., passport and visa, security certificates, cheques, bonds, warrants, special certificates with security features, security inks, circulation and commemorative coins, medallions ...
The RBI places an annual indent for this purpose and the Government of India draws up the production programme for the India Government Mints on the basis of the indent. Besides minting coins, the mints at Mumbai , Kolkata and Hyderabad also make coin blanks .
In 2007 RBI issued a new series of Coins, The Hasta Mudra Series, in coins of 50 paisa, 1 rupee and 2 rupee denominations. These coins are stainless steel and feature various Hasta Mudras (hand gestures in Indian Classical dance). The 5 rupee piece that features waves in its design was also issued in 2007, along with a new 10 rupee coin.
In 1925, a commemorative 50-cent coin was released that showed Robert E. Lee and Stonewall Jackson. Money raised from the sale of the coins was combined with money raised by the United Daughters of the Confederacy and the Stone Mountain Confederate Memorial Association in order to fund the carving of a Confederate monument at Stone Mountain. [6]
A commemorative coin is a coin issued to commemorate some particular event or issue with a distinct design with reference to the occasion on which they were issued. Many coins of this category serve as collector's items only, although some countries also issue commemorative coins for regular circulation.
Coin Obverse design Reverse design Composition Mintage Available Obverse Reverse 50¢ George Washington 250th Anniversary half dollar [1] George Washington riding a horse Mount Vernon with eagle Ag 90%, Cu 10% Authorized: 10,000,000 (max) Uncirculated: 2,210,458 D. Proof: 4,894,044 S. 1982 – 1985
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