indiangoldcoin

By Joshua McMorrow-Hernandez for Coinweek …….
 

Indian Overseas Bank (IOB) announced that it will begin issuing the Indian Gold Coin, a new bullion offering that will come in denominations of 5, 10, and 20 grams.

The 0.999-fine 24-karat coins will be India’s first-ever national gold coins and boast two culturally iconic images: a portrait of Indian independence movement leader Mahatma Gandhi and a depiction of the Ashoka Chakra, a 24-spoked circular emblem from Buddhism that represents the “wheel of the law”. It is one of the national symbols of India, and has appeared on both coins and currency.

While the Indian Gold Coin features several advanced security measures, these have not been detailed and presumably are incorporated into the coin’s intricate obverse and reverse designs, along with a combination of security marks and detailed lettering. Additionally, the gold coins are sold within tamperproof packaging.

The Indian Gold Coin was commissioned by the Indian government and manufactured in cooperation with the Metals and Minerals Trading Corporation of India (MMTC), one of the nation’s largest companies involved with the foreign exchange of products such as bullion, coal, and iron. The Indian Gold Coin was officially launched by Prime Minister Narendra Modi on November 5 and is making its way into distribution channels.

The Indian Gold Coin represents a collective national effort to flex the country’s industrial muscles and make a symbolic statement in the financial world.

“Made of more than just gold, made of us,” is the coin’s tagline as stated on the official website for the Indian Gold Coin.

“We are gold,” asserts the mission statement behind the coin. “Pure, strong, and harbingers of a golden future.”
 


Gold Bullion Coins Currently Available on eBay

eBay
 Pic  Title  Details
PRE SALE - 2018 Canada 1 oz Gold Maple Leaf BU - SKU# 158647 Current Price: $1362.07
# of Bids: 0
Ending: 13 days 6 hrs 37 mins
SPECIAL PRICE! 2017 1 oz Gold Buffalo Coin Brilliant Uncirculated - SKU #118011 Current Price: $1277.59
# of Bids: 0
Ending: 8 days 3 hrs 40 mins
1 oz South African Gold Krugerrand Coin (Varied Year) Current Price: $1362.0
# of Bids: 0
Ending: 9 days 4 hrs 1 min
2017 1 oz Gold American Eagle Coin Brilliant Uncirculated SKU #117271 Current Price: $1363.6
# of Bids: 0
Ending: 14 days 23 hrs 7 mins
2017 $50 American Gold Buffalo 1 oz Brilliant Uncirculated Current Price: $1355.16
# of Bids: 0
Ending: 19 days 5 hrs 48 mins
1947 Mexico Gold 50 Pesos - BU - 1.2056 oz. Current Price: $1584.26
# of Bids: 0
Ending: 23 days 9 hrs 39 mins
 View all items... (Powered by: WP eBay Ads)  

LEAVE A REPLY