SPMCIL Counters for Sale of Commemorative Silver-Coins
Bureau,Odishabarta
More SPMCIL counters for sale of commemorative silver-coins – SPMCIL dealers can be approached for sale by giving them commission
Delhi:First-ever sale-counter for commemorative silver-alloy coins was opened on 20.01.2020 at office of Security Printing and Minting Corporation of India Limited (SPMCIL) at Jawahar Vyapar Bhawan (Janpath – New Delhi) with nineteen such coins put on direct sale without any advance-booking. Sale should be through credit and debit cards also.
But just one sale-counter in a big country with population of 135 crores is not at all enough. Sale of commemorative coins and coin-sets should be facilitated at counters of select branches of private and public sector banks by giving them sale-commission right from date of issue of commemorative coins abolishing age-old practice of advance-booking of coin-sets by sending demand-drafts for getting coin-sets several months after issue of coins. Even SPMCIL dealers engaged in sale of silver and gold coins can be entrusted for sale of commemorative coins.
Furthermore faulty practice of having nominal face-value of silver-coins like rupees 100 or so for coins having metal value multiple times higher must be changed so that silver-alloy coins may be available on face-value like was system on first-time issue of silver-alloy coin in free India on 02.10.1969 on occasion of Gandhi birth-centenary. Face-value can be kept about twice the prevailing metal-value in the coin. These coins, never-to-come in actual circulation, then should be sold in serial-numbered sealed plastic-cover to prevent chances of fake coins. Sale of silver in round-shaped coin-design by private manufacturers then should be banned. All such steps will be a boon for coin-collectors, and provide huge net revenue-earning to government because such higher-value coins never come in actual circulation. Coin-sets should be sold in only one highest-priced category with issued coins in all denominations for affording coin-collectors.
Input;Mr Subash
