November 21, 2008

India introduces new ferric stainless steel coins

It is reported that the Reserve Bank of India is introducing a new ferritic stainless steel coins of rupees five issued by the Government of India to commemorate the occasion of 75 Years of Dandi March.

The reverse side of the coin shall bear the portrait of MAHATMA GANDHI MARCHING. The obverse face of the coin shall bear the Lion Capital of Ashoka Pillar with the legend Satyameva Jayate.

The coins are circular with 23 mm diameter with security edges and weighs 6 grams. Ferric stainless steel coin contains 82% iron and 18% chromium.

The Reserve Bank of India will shortly put into circulation new ferritic stainless steel coins of INR 5 issued by Government of India to commemorate Mahatma Basaveswara.