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Coinage (Standard Weight and Remedy of Commemorative Coins) of Rupees Five (containing Copper 75% and Nickel 25%) coined in the memory of "Dadabhai Naoroji", Rules, 2003

The Coinage (Standard Weight and Remedy of Commemorative Coins) of Rupees Five (containing Copper 75% and Nickel 25%) coined in the memory of "Dadabhai Naoroji", Rules, 2003

Published vide Notification No. G.S.R. 709(E), dated 5th September, 2003

Act2548

Ministry of Finance

(Department of Economic Affairs)

G.S.R. 709(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 Five (containing Copper 75% and Nickel 25%) coined in the memory of "Dadabhai Naoroji", Rules, 2003.

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

  1. Standard Weight and Remedy allowed on coin of certain denomination coined in the memory of "Dadabhai Naoroji".- The standard weight of the coin of the following denomination, coined under the provisions of Section 6 of the Coinage Act, 1906 (3 of 1906), on "Dadabhai Naoroji" and the remedy allowed in making of such coin shall be as specified in the Table below:-

Table

Denomination Standard weight Remedy Allowed
In composition In standard weight
(1) (2) (3) (4)
Five Rupees 9 Grams 1/100th plus or minus both for Copper and Nickle, that is to say, Copper could vary from 74% to 76% and Nickle from 24% to 26%. 1/40th plus or minus, that is to say, the weight could vary from 8.7750 grams to 9.2250 grams.