2015-12-15 Tue

We handle coins every day. How many of us have stopped to think about how they’re made and how much do they cost? Do we think about what metal is used to mint it? The Indian One Rupee coin has the circulation in the country when compared with other denominations. Made of Ferratic Stainless Steel, the cost of minting this coin is higher than it was when the coins were made of Cupro-Nickel. With a weight of 4.85 grams and a diameter measuring 25mm, the intrinsic value of the coin stands at 70 paise when melted. The remaining 30 paise goes to the government as seigniorage.