The first commemorative coin series was issued way back in 1964 in the honour of India’s first Prime Minister Jawaharlal Nehru.
On December 30 1943, the tricolour was hoisted at the Cellular Jail in Port Blair for the first time and Netaji Subash Chandra Bose, the legendary freedom fighter, performed the honours.
Seventy-five years later, the government has announced the release of a Rs 75 coin to commemorate this historic event.
The first commemorative coin series was issued way back in 1964 in the honour of India’s first Prime Minister Jawaharlal Nehru.
These coins have ranged from as small as 5 paise to as high as Rs 1,000 and have been issued for various reasons–some as uncirculated collector items and others for mass circulation.
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They have been issued as a way to remember prominent personalities as well. The coin series released in 1969 celebrated the birth centenary of Mahatma Gandhi and the series in 2011 marked the 150th birth anniversary of Rabindranath Tagore.
In 1985 and 1992, the government released commemorative coins for Indira Gandhi and Rajiv Gandhi, respectively, a year each after they had been assassinated.
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Additionally, coins that commemorate not individuals but institutions, like the State Bank of India, Reserve Banf of India, Comptroller and Auditor General of India amongst others, have also been released.
Three things to know about the Rs 75 coin:
1. This coin will weigh 35 grams.
2. It will be made of 50 per cent silver, 40 per cent copper, and 5 per cent nickel and zinc, each.
3. It will bear a portrait of Netaji Subhash Chandra Bose saluting the Tricolour, with the cellular jail in the background.
An official statement released by Ministry of Finance, said, “The coin of seventy-five rupees denomination shall only be coined at the Mint for issue under the authority of the central government on the occasion of ’75th Anniversary of Hoisting of Tricolour’ for the first time by Netaji Subhash Chandra Bose at Port Blair.”
(Edited by Gayatri Mishra)
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