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Indian Coins

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Author Previous TopicReplies: 9 / Views: 1,161Next Topic  
Valued Member
Eurocoin's Avatar
Finland
294 Posts
 Posted 06/27/2007  1:46 pm Show Profile   Bookmark this topic Add Eurocoin to your friends list Get a Link to this Message Number of Subscribers
Maybe my Indian collection comes more worthy

http://news.bbc.co.uk/2/hi/south_asia/6766563.stm
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mathman's Avatar
United States
179 Posts
 Posted 06/27/2007  2:01 pm  Show Profile   Bookmark this reply Add mathman to your friends list Get a Link to this Reply
I liked the story linked on that site about the Australian mint worker who smuggled $155,000 worth of $2 coins in his boots.

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Susanlynn9's Avatar
United States
5877 Posts
 Posted 06/27/2007  2:10 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Very interesting. I think I'm going to watch for Rupee auctions on ebay. Who knows what may happen?
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GO's Avatar
United States
6563 Posts
 Posted 06/27/2007  2:14 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Wow!

I'm gonna go get me some big boots and work for the Mint
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maudry's Avatar
Luxembourg
588 Posts
 Posted 06/28/2007  02:50 am  Show Profile   Bookmark this reply Add maudry to your friends list Get a Link to this Reply
Back in 2001 when I was in Bombay, there was also a shortage of coins. I only managed to take back home around half a dozen coins. One of them being a 5 rupees minted in Moscow.
A couple of years ago an Internet friend living there with whom I had some swaps confirmed me that the situation had come back to normal again... not for a very long time as it seems.
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Angielczyk's Avatar
Israel
423 Posts
 Posted 06/28/2007  04:09 am  Show Profile   Bookmark this reply Add Angielczyk to your friends list Get a Link to this Reply
We have more than 18,000 5 rupee coins in stock. Do you think Gillette will be interested.
Valued Member
United States
393 Posts
 Posted 06/28/2007  04:36 am  Show Profile   Bookmark this reply Add tnwalker10 to your friends list Get a Link to this Reply
Does anyone know what the composition of these coins are that makes them good for razor blades?
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Sap's Avatar
Australia
16806 Posts
 Posted 06/28/2007  05:14 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Interesting indeed. I'd heard that coins were disappearing from eastern India, but I hadn't heard what was happening to them.

If they can turn $1 face value of coins into $35 worth of razor blades, it sounds like it's time to stop making these coins out of steel.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Eurocoin's Avatar
Finland
294 Posts
 Posted 06/28/2007  11:48 am  Show Profile   Bookmark this reply Add Eurocoin to your friends list Get a Link to this Reply
I posted the same story to Finnish coin forum too and one guy said that when we had old aluminum one penni coin in circulation in 1970's,some people made them rings to put them between wall and screw (no idea what is the correct word in English for that).One penni coin in 1979 when manufacturing was cancelled equals 0,004 euro in 2006.
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Madmartigan's Avatar
United States
264 Posts
 Posted 06/28/2007  5:50 pm  Show Profile   Bookmark this reply Add Madmartigan to your friends list Get a Link to this Reply
Well China is melting coins by the ton for the nickle to be used in their steel fabrication. India also has been expanding quickly. The two countries are one of the biggest reasons copper, nickle, etc. have skyrocketed in price of late. The US Mint put a ban on metling pennies and nickles back in I think January. Right now a nickle is worth more melted then it is to spend.
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