COIN (NANAYAM) Yesterday after shopping in a vessels shop, while givingthe balance the proprietor gave me oneten rupee, and one five rupee coins. Both the coins glittered like gold.Probably latest minted ones. I looked in to coin –With magnifying glass I couldread year of minting. Five rupee coin was minted in 2021 and ten rupee coin wasminted in 2020.
Some interesting incidents and information came to mymind. Most banks have new coins in the chest and they arepacked in pouches, containing 100 coins. Most banks gives to customers if theydesire coins, as apouch. Banks have instruction to collect coins from customersup to Rs 500-00.About a year back, while I was in a nationalized bank, one person askedcashier, whether he can remit as small coins in his account. The cashier said,upper limit is Rs 500-00 and collected the coins. I just asked the cashier how he disposes the coins. With a smile he said,merchants who have account would be pleased to have coins. First thesecollected coins will be given, and if a merchant needed more the pouches willbe given if available. I recollect an incident with the topmost private bank,when 10 rupee coin was introduced. He asked me to give a cheque for Rs 1000-00 andgave me the pouch containing coins. No counting at Bank end. Glittering coins. Keepingsome reserve I thought I may spend the balance. Most autos were looking at cointwo or three times and received them. When demolition of Rs 500-00 and Rs 1000-00 were introduced, byPM Modi, most banks having not much cash in chest gave coins to the public. When themanager announced customers can be in another queue and remit the demonetized currency in bankaccount I preferred it. Brand new currencies kept for emergency inRs 1000-00 and 500-00, I remitted to my account. I have heard reserve bank used to give coins to publicby weighing. Long queues used to be there, I am told. I do not know such practice isthere now. The most circulated coins now are for denomination ofRs 20-00, 10-00, and Rs 5-00. Though Rs2-00 and Rs 1-00 coins are there, many deposit in hundies of local temple. Therecirculation is comparatively less comparing to Rs 10-00 and Rs 5-00. In bus fares conductors collect them, andreturn also. Sometimesinstead of Rs 5-00 coin, five one rupee coins, Passenger has to receive it. I recollect old incidents especially in Keralatransports, conductor will give Rs 20-00, and three persons have to share it asRs 7, Rs 7, and Rs 6 as balance of their ticket fare. Most passengers give upor they go to pan shops. Panshop will give change only if some purchase done.Whether required or not, some passenger makes a purchase and give others, theirdues. There were dilemmas who should purchase, though not at all required anitem!!! About four decades back, when upanayanam of my son wasperformed while I was in Krishnagiri. Manager of Central Bank of India was aniyer and close to me. He complimented five LARGE SIZE five rupee coins. My wife desiredtwo to be given to co brother. He was safely keeping it in purse. One day aftera bus journey my sister in law wanted lemon juice before going to quarters. Hewas having only 100 rupee currencies. Lemon juice cost on those days only 5-00rupees. Though not required he too reluctantly dranklemon juice so that the pan shop will give balance. Alas, when hetook the currency the two five rupee coins of LARGE SIZE fell down. The panshop man insisted, he should give those coins and he has no change. In fact it was for getting thecoins. When he narrated the incident, I gave one coin out of thethree I was keeping. Now the cost isabout 1500-00 for the coin, from coinsellers. I keep the coin safe with me. It is larger than the very old silverone rupee coin in circulation when I was a boy. Though Rs 100-00 coin is introduced, it has not cometo banks for distribution. While it come one has to withdraw 10000-00 by cheque to get a pouch. From gold shopswe get coins of different weights with emblem of gods on one side, name of shop etc. on otherside. Kerala and Tamilnadu settled Keralites keep on vishu day, Lakshmi coin andany new currency bundle in vishukkani. Temples gives coins as Vishukaineetam inKerala and many temples in Tamilnadu also. Most of us keepin Hundi before Lord Ganesha, and pray after putting coin before going out onjob. Navarathri has just passed, most gave coins of 10-00or above to Ladies with other items. If it was relatives the amount changed fromRs 100-00 to 500-00. Though not related to coin, an interesting incident.About 4 years back for a navarathri, one man from a bank, gave Rs1-00 currencyto his wife to give to women invited, and my wife also was given one. She doubted, why from such a big home Rs 1-00 currency was given. I told currency of Rs 1-00is most rare and took from her and gavea 10-00 rupee currency. She was very happy. Today the value of the 1-00 rupeecurrency with coin collectors is above 250-00. By R. Gopalakrishnan,former ITS 7024 dated 9-10-2022 -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/875572542.4804586.1665306932254%40mail.yahoo.com.
