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Coinage (Standard Weight and Remedy of Commemorative Coins of Rupees One Hundred (Containing Silver 50%, Copper 40%, Nickel 5% and Zinc 5%) and Rupees Five (Containing Copper 75% and Nickel 25%) coined in the memory of "Bhagwan Mahavir" Rules, 2001

The Coinage (Standard Weight and Remedy of Commemorative Coins of Rupees One Hundred (Containing Silver 50%, Copper 40%, Nickel 5% and Zinc 5%) and Rupees Five (Containing Copper 75% and Nickel 25%) coined in the memory of "Bhagwan Mahavir" Rules, 2001

Published vide Notification No. G.S.R. 587(E), dated 9th August, 2001

Act2672

Ministry of Finance

(Department of Economic Affairs)

G.S.R. 587(E). - In exercise of the powers conferred by sub-section (1) of Section 21, read with Section 7, of the Coinage Act, 1906 (3 of 1906), the Central Government hereby makes the following rules, namely :-

  1. Short title and commencement.- (1) These rules may be called the Coinage (Standard Weight and Remedy of Commemorative Coins of Rupees One Hundred (Containing Silver 50%, Copper 40%, Nickel 5% and Zinc 5%) and Rupees Five (Containing Copper 75% and Nickel 25%) coined in the memory of "Bhagwan Mahavir" Rules, 2001.

(2) They shall come into force on the date of their publication in the Official Gazette.

  1. Definition.- In these rules, "Act" means the Coinage Act, 1906 (3 of 1906).
  2. Standard weight and remedy allowed on coins of certain denominations, coined in the memory of "Bhagwan Mahavir".- The Standard weight of the coins of the following denominations, coined under the provisions of Section 6 of the Act, in the memory of "Bhagwan Mahavir" and the remedy allowed in the making of such coins shall be as specified in the Table below :-

Table

Denomination Standard Weight Remedy Allowed
in Composition in Standard Weight
(1) (2) (3) (4)
100 Rupees 35 Grams 1/500th plus or minus for Silver, that is to say, the Silver contents may vary from 498 to 502 per 1000. 1/100th plus or minus, that is to say, the weight could vary from 34.65 grams to 35.35 grams.
5 Rupees 9 Grams 1/100th plus or minus both for Copper and Nickel, that is to say, Copper could vary from 74% to 76% and Nickel from 24% to 26%. 1/40th plus or minus, that is to say, the weight could vary from 8.775 grams to 9.225 grams.