SILVER-ALLOY COIN ON RAJMATA VIJAYA RAJE SCINDIA
Bureau,Odishabarta
DELHI:Prime Minister on 13.10.2020 issued silver-alloy coin of face-value of rupees 100 which had metal-value multiple times the face-value of the coin. Evidently in such a scenario, such silver-alloy coins cannot be issued at face-value thus depriving members of public being part of an occasion commemorated through issue of special silver-alloy coins. Only some privileged ones sitting on the dais get these coins specially packed in attractive boxes that too totally free-of-cost.
Earlier these was a people-friendly system when in post-independence history of India, first such silver-alloy coin of face-value of rupees ten but with metal value much less than the face value was made available to members of public at face-value through multiple distribution-centres right from date of issue of 02.10.1969 on occasion of Gandhi birth-centenary. Same system should be restored by issuing silver-alloy coins at face-value which should be kept higher than metal-value of the coin and should be available right from date of issue through scattered distribution centres like selected post offices and bank branches throughout the country.
Since these coins never come in actual circulation, promoting their sale will be a source of net revenue-earning for the public-exchequer. To avoid fake coins, such silver-alloy coins should be numbered in a tamper-proof plastic packing. Sale of silver in round-shaped coin-design by private manufacturers then should be banned. Coin-sets should be sold in only one highest-priced category with issued coins in all denominations for affording coin-collectors right from date of issue through convenient sale-points across the country abolishing present cumbersome procedure of getting these on advance-booking to be delivered after several months of issue.
Permanent sale-counters for silver-alloy coins and coin-sets like opened on 20.01.2020 at office of Security Printing and Minting Corporation of India Limited (SPMCIL) at Jawahar Vyapar Bhawan (Janpath – New Delhi) should be set up at select post-offices and bank-branches.
