India Government Mint: Difference between revisions
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Revision as of 15:12, 22 December 2011
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| Company type | Government of India |
|---|---|
| Industry | Coin and medallion production |
| Headquarters | , |
Area served | India |
The India Government Mint operates four mints in the country for the production of coins. They are located at:
Under The Coinage Act, 1906, the Government of India is charged with the responsibility of the production and supply of coins to the Reserve Bank of India (RBI). The RBI places an annual indent for this purpose and the Government of India draws up the production programme for the India Government Mints on the basis of the indent.
Besides minting coins, the mints at Mumbai, Kolkata and Hyderabad also make coin blanks. Hyderabad, Mumbai and Kolkata mints have gold assaying facilities and the Mumbai mint produces standardised weights and measures.
Commemorative coins are made at Mumbai and Kolkata. Kolkata has the facilities for making medallions too. The NOIDA mint was the first in the country to mint coins of stainless steel.
Marks on Mint
Each currency coin minted in India (for that matter anywhere in the world) has a special mint mark on it to identify the Mint.
The Bombay (Mumbai) Mint
Bombay (Mumbai) Mint has a small dot or a diamond under the date of the coin (year of issue). The Proof coins from this mint have a mint mark ‘B’ or ‘M’.
The Calcutta (Kolkata) Mint
Calcutta mint has no mark under the date of the coin (year of issue). Many people confuse “c” found under some coins to be from calcutta mint. However, that symbol belongs to the Ottawa mint in Canada.
The Hyderabad Mint
Hyderabad Mint has a star or a diamond under the date of the coin (year of the issue). The other mint marks from Hyderabad include a split diamond, and a dot in the diamond.
The Noida Mint
Noida mint has a dot under the year of issue (coin date).