Mumbai Mint launches Ganesh Chaturthi silver souvenir coin

The India Government Mint, Mumbai launchedu00c3u0082u00c2u00a0the Ganesh Chaturthi Silver Souvenir Coin 40 gram. Pic courtesy/Suraj Ojha

The India Government Mint, Mumbai (a unit of Security Printing and Minting Corporation of India Ltd.) launched the Ganesh Chaturthi Silver Souvenir Coin 40 gram (999 fineness) on September 3, 2019. Ajai Kumar Srivastav, Director Technical (SPMCIL) and S. Pradhan (General Manager) IGM, Mumbai were present during the launch. The souvenir coin is a painstaking and laborious effort by the mint engraver with Lord Ganesha in all his majesty with his devotees on the obverse side and the SPMCIL logo with the purity of silver and the year mentioned on the reverse side. The coin weighs around 40 gms on a 44 mm size blank. The mint has also produced the much-acclaimed Shahi Snaan coin which sold in large numbers at the recently concluded Kumbh Mela.

Other notable products include the recently minted new series of coins - 12 sided coin which is also known as a polygon-shaped coin with braille letters. Today, the mint recorded a sale of 900 sets which is an indicator of big sales. The packing is sturdy and functional with the coin placed in a plastic capsule. Several numismatic and coin collectors were also present at the event. Ashok Shahani, a lawyer and coin collector who was present at the event stated, "this religious offering from the Mumbai Mint is a curtain-raiser for many as a good indicator for the Numismatic scene. We shall also be seeing our country's first coloured coin soon. The coins from Mumbai Mint can stand out in their own way and are considered world-class and a numismatic delight. Many more souvenir coins are around the corner."

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The Mint is also conducting a joint issue with the Department of Posts and the Union Ministry of Culture on Mahatma Gandhi's 150th birth anniversary on 2nd October. Mumbai mint established in the year 1829 and is a heritage structure. In 1918, the Mumbai Mint had also minted the Gold British Sovereign coin with the "I" mark in the section now known as Mint house. The coin minted is rare and highly prized by collectors.

Mumbai Mint is a wholly-owned entity of Ministry of Finance, Government of India, a public utility institution. It is engaged in the manufacturing of circulation coins, medals and commemorative coins, assay and refining of precious metals. The organization is engaged in sovereign functions of Minting Coins for the nation, manufacturing standard weights & measures for various State Governments/U. T's, Gold refining, Manufacturing gold coins, medals to various prestigious.

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