Rajasthan News

Rs 1000 coins selling in Rs 7000 in Rajasthan by RBI

by RajasthanDirect
Oct 18, 2013

Ask anyone if he or she has seen a Rs. 1000 coin, and the answer will be invariably ‘No.’

Unknown of the fact that the Reserve Bank of India (RBI) had issued Rs. 1000 coins in January, it is surprising for the common man that such coins do exist.

Released by the Mumbai mint in commemoration to ‘1000 years of Brihadeshwara Temple in Thanjavur’ the coin is being sold at prices much higher than its denomination. People in Jaipur are ready to pay any amount to get hold of this coin.

The commemorative coin set on the occasion of 1000 years of Brihadeshwara Temple in Thanjavur could be obtained, in the initial stages, from the RBI by filling in a demand draft of Rs. 5000. But, now the coins are available in the open market for Rs. 7000.

The coin weighs 35 grams and is made of 80 per cent silver and the rest of copper.

src: http://daily.bhaskar.com/article/RAJ-JPR-one-thousand-rupees-coin-issued-by-rbi-sold-for-rs-7000-in-rajasthan-4407693-PHO.html

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