Coinage of Five Hundred Rupees and Ten Rupees Coins to commemorate the occasion of "500th Anniversary of Shri Krishna Chaitanya Mahaprabhu's Coming to Vrindavan" Rules, 2016
Published vide Notification No. G.S.R. 116(E), dated 27th January, 2016
act2874
Ministry of Finance
(Department of Economics Affairs)
G.S.R. 116(E). - In exercise of the powers conferred by clauses (d) and (e) of Sub-section (2) of section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement. - (1) These rules may be called the Coinage of Five Hundred Rupees and Ten Rupees Coins to commemorate the occasion of "500th Anniversary of Shri Krishna Chaitanya Mahaprabhu's Coming to Vrindavan" Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Denomination of coins. - The coins of the following denominations shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion of "500th Anniversary of Shri Krishna Chaitanya Mahaprabhu's Coming to Vrindavan", namely:-1. Five Hundred Rupees;
2. Ten Rupees.
3. Dimension and composition of coins. - The coins of the denominations mentioned in rule 2 shall conform to the following dimensions and composition, namely: -
Denomination of coin |
Shape and outside diameter |
Number of serrations |
Metal composition |
(1) |
(2) |
(3) |
(4) |
Five Hundred Rupees |
Circular |
200 |
Quaternary Alloy |
Ten Rupees |
Circular |
--- |
Outer Ring |
(i) Five Hundred Rupees
(ii) Ten Rupees
Table
Denomination of coin |
Standard weight |
Remedy allowed |
|
In composition |
In standard weight |
||
(1) |
(2) |
(3) |
(4) |
Five Hundred Rupees |
35 Grams |
1/500th plus or minus for Silver, that is to say, the Silver content may vary from 498 to 502 per 1000. |
1/100th plus or minus, that is to say, weight could vary from 34.65 grams to 35.35 grams. |
Ten Rupees |
7.71 Grams (outer ring 4.45 grams and center piece 3.26 grams) |
Outer Ring - |
Plus or minus 2.5 per cent. that is to say, the weight could vary from 7.52 grams to 7.90 grams. |