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Coinage (Standard Weight and Remedy of Commemorative Coins) of the One Hundred Rupees (Containing Silver 50%, Copper 40%, Nickel 5% and Zinc 5%) and Two Rupees (containing Copper 75% and Nickel 25%) coined on "150 Years of Railways in India" Rules, 2003

The Coinage (Standard Weight and Remedy of Commemorative Coins) of the One Hundred Rupees (Containing Silver 50%, Copper 40%, Nickel 5% and Zinc 5%) and Two Rupees (containing Copper 75% and Nickel 25%) coined on "150 Years of Railways in India" Rules, 2003

Published vide Notification No. G.S.R. 653(E), dated 11th August, 2003

Act2542

Ministry of Finance

(Department of Economic Affairs)

G.S.R. 653(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 the One Hundred Rupees (Containing Silver 50%, Copper 40%, Nickel 5% and Zinc 5%) and Two Rupees (containing Copper 75% and Nickel 25%) coined on "150 Years of Railways in India" Rules, 2003.

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

  1. Definition.- In these rules, "Act" means Coinage Act, 1906 (3 of 1906).
  2. Standard Weight and Remedy allowed on coins of certain denominations coined on "150 Years of Railways in India". The standard weight of the coins of the following denominations, coined under the provisions of Section 6 of the said Act, on "150 Years of Railways in India" and the remedy allowed in 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)
One Hundred 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.
Two Rupees 6 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 5.850 grams to 6.150 grams.