New 10 Rupee Coin: Who the hell passed this Design

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superczar said:
There's no way you can differentiate between the two now without flipping it over to see the front face
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You could say the same of all US paper currency too, and those are worth a good deal more, right :)
 
no ,it is the conspiracy of sonia gandhi to enforce christianity and cross on the pagan hindus.better beware of this. :rofl:

aah!narendra modi already found out long back with 2 rupees coins as a efficient tool for election campaign .

Addressing a public meeting in a rural part of the state last week, the chief minister virtually accused Congress President Sonia Gandhi of using the system for spreading Christian beliefs. Producing two Rs-2 coins from his pocket, one from the pre-2005 period and one minted recently, he pointed to India’s map on the first and the Cross on the other.

“The Cross has appeared on the coin after Sonia-backed Government took over. Doesn’t it amount to using the government machinery to spread Christian beliefs? Why are the pseudosecularists silent over it? Had the sign on the coin been that of Lord Ganesh or Lord Ram, this same lot would have been screaming today,” he said. And the crowds lapped it up.
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Modi back to Hindutva: India Today - India's most widely read magazine.

;););)
 
It looks ok imo. If I can make out the difference between the coins by touch then I'm perfectly satisfied and I think this design does that. That is one thing that has been a bit lacking in the recent mints.

Also, the design looks more like a something which might get modi a lot more excited than the congress.

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A small percentage of the Rs 10 coins released in the city this week have a “defect” that might cause the centre of the bi-metallic piece to be detached from the outer ring with use.

The coins, comprising a cupro-nickel centrepiece and an aluminium-bronze rim, are the first of their kind to be minted in the country and were originally scheduled to be released three years ago. “We had to delay the release of the coins because of the defect,” a senior RBI official said on Friday.

The problem was first detected by personnel operating counting machines at the Noida mint where the coins were manufactured. “While counting they found that the centrepiece could be separated from the rim in two to three coins out of every hundred,” the official said.

The defective coins have been withheld but officials suspect that the same problem might occur in two to three per cent of the remaining bi-metallic pieces after some wear and tear.

What it means is that the 10,000 bags of bi-metallic currency — 2,000 coins per bag — received by the Calcutta branch of the RBI could contain four to six lakh defective coins.

Collectors may not complain if someone gives them such a coin — stamps with errors are counted among the rarest and most valuable — but others might.

For those stumped by the toss of the two-piece coin, there is a way out to make their money count. “Both pieces of the coin must be taken to the RBI branch for exchange. Depending on their condition, the bearer will be reimbursed,” a senior official promised.

Another official said the RBI could not have rejected the coins after minting them because of the huge expenditure involved in the process. “If the coins are dumped, the loss would amount to several hundred crores of rupees.”

The RBI is releasing about 30 per cent of the coins over the counter and 70 per cent through banks.

Rabi, an unauthorised broker selling currency near the General Post Office, said: “The Rs 10 coins are selling like hot cakes. I sold 15 pieces for Rs 100 each and five for Rs 150 each on Tuesday. The buyers were mostly coin collectors.”

RBI spokesperson Alpana Killawala declined comment on the “technical problem”.
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Source: Telegraph India
 
Bluffmaster said:
Looks cool and we seriously need a Rs 10 coin.

Btw ... I have got a Rs 10 coin which is some 60-70 years old. Don't know why they stopped making it.
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You can't keep Rs.10 x100 coins in pocket comparing to Rs.10/- 100 notes :)
Instead they requires to make waterproof currency notes to keep it in circulation more years compare to current Paper Currency.
 
superczar said:
while on the topic, I wonder which moron redesigned the 1/2 Rs coins
There's no way you can differentiate between the two now without flipping it over to see the front face
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I feel like beggar when handling at those coins compared to earlier coins

~LT
 
i got 5 buks many time instead of 50 paise...these days i knowingly ask for 50 paise change...ppl give 5 buk coins and still says do come tomm...and i say sure why shdnt i....ofcourse i m earning eazy money
 
Emperor said:
You can't keep Rs.10 x100 coins in pocket comparing to Rs.10/- 100 notes :)
Instead they requires to make waterproof currency notes to keep it in circulation more years compare to current Paper Currency.
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I guess making a thin but durable and waterproof material which can't easily be imitated is a problem nobody seems to have overcome.
 
chiron said:
I guess making a thin but durable and waterproof material which can't easily be imitated is a problem nobody seems to have overcome.
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Its more to do with the recycling of the stuff, currency needs to be bio degradable and easy be able to recycled

and i thought paper currency was actually made from cotton?
 
I hate handling coins because children have a tendency to eat them and you know the rest of the story..

Whatever goes in, comes out.
 
Gannu said:
^Lol seriously! One day I handed over a 5Re. coin to an autowallah and saw a WTF! expression on his face! Assuming it to be a 50ps coin.

But me liketh the 10Re coin. -_-
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ermm.. are you sure it wasn't the other way around.

Auto fares in multiples of 50p! dayum!
 
stalker said:
ermm.. are you sure it wasn't the other way around.

Auto fares in multiples of 50p! dayum!
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Hehe that's the CNG nation for you! Cheapest auto-fare is 2 bucks. :bleh:
 
@ Gannu

W00t :O

An auto ride in coimbatore from your college to my place might cost 500 :lol: You must be taking the auto to everywhere there .....
 
Rave said:
Its more to do with the recycling of the stuff, currency needs to be bio degradable and easy be able to recycled

and i thought paper currency was actually made from cotton?
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Really?? Considering the amount of non-biodegradable crap we produce, making such notes feels just like a drop in the ocean.
 
Gannu said:
Hehe that's the CNG nation for you! Cheapest auto-fare is 2 bucks. :bleh:
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Wow!

Having lived in Madras all these years I used to think that Bombay auto rates were awesome :ashamed:
 
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