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Coinage (Issue of Commemorative Coin on the occasion of the 550th Parkash Purab of Sri Guru Nanak Dev Ji) Rules, 2019
Published vide Notification No. G.S.R. 407(E), dated 3.6.2019
Last Updated 18th October, 2019 [act3412]
Ministry of Finance
(Department of Economic Affairs)
G.S.R. 407(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 (Issue of Commemorative Coin on the occasion of the 550th [Parkash Purab of Sri] Guru Nanak Dev Ji) Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Denomination of coins. - The coin of Five Hundred and Fifty denomination shall also be coined at the Mint for issue under the authority of the Central Government on the occasion of "the 550th [Parkash Purab of Sri] Guru Nanak Dev Ji". 3. Dimension and composition of coins. - The coin of the above denomination 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 and Fifty Rupees |
Circular |
200 |
Quaternary Alloy Silver - 50 per cent Copper -40 per cent Nickel - 05 per cent Zinc - 05 per cent |
First Schedule
(See rule 4)
Five Hundred and Fifty Obverse. - This face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend ^^lR;eso t;rs** inscribed below, flanked on the left periphery with the word ^^Hkkjr** in Devnagri script and on the right periphery with the word "INDIA" in English. It shall also bear the Rupee symbol "L" and denominational value "550" in the International Numerals below the Lion Capitol. Reverse. - This face of coin shall bear the Picture of "Gurdwara Shri Ber Sahib, Sultanpur Lodhi, Punjab." The inscription ^^Jh xq: ukud nso th dk 550 oka izdk'k mRlo** in Devanagri script and "550th [Parkash Purab of Sri] Guru Nanak Dev Ji" in English shall be written on the top periphery and lower periphery of the coin respectively. The year "1469" and "2019" in International Numeral shall be flanked at left and right periphery of the coin.Second Schedule
(See rule 5)
|
Denomination of coin |
Standard weight |
Remedy allowed |
|
|
In composition |
In standard weight |
||
|
(1) |
(2) |
(3) |
(4) |
|
Five Hundred and Fifty 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 be 34.65 grams to 35.35 grams. |
