India Government Mint, Mumbai
Encyclopedia
The India Government Mint, Mumbai is one of the four mints
in India
is situated in the city of Mumbai
. The Mint was established in 1829 by the then governor of the Bombay Presidency
. The main activity of the mint is in the production of commemorative and development-oriented coins
. The mint is situated just opposite the Reserve Bank of India
in the Fort area of South Mumbai
.
Initially governed by the Governor of the Bombay Presidency, it was transferred to the Government of India
on 18 May 1876 through a Finance Department Resolution 247. In 1918, a branch of the Royal Mint
of London
was set up to issue British
sovereigns. In April 1919, after manufacturing 12.95 lakh
(1.295 million) coins, it was shut down.
Besides coins, the Mint also produces medals of various types, for Ministry of Defence, Ministry of Home Affairs, educational institutions, social service institutions, badges etc. It is also a centre for the issuance of gold
ingot
s in exchange of unrefined gold tendered by licensed dealers. The institution also has a separate department that makes official weights and measures such as metric weights, capacity, and linear measures for state governments, laboratories and the Bureau of Indian Standards
.
Mint (coin)
A mint is an industrial facility which manufactures coins for currency.The history of mints correlates closely with the history of coins. One difference is that the history of the mint is usually closely tied to the political situation of an era...
in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
is situated in the city of Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
. The Mint was established in 1829 by the then governor of the Bombay Presidency
Bombay Presidency
The Bombay Presidency was a province of British India. It was established in the 17th century as a trading post for the English East India Company, but later grew to encompass much of western and central India, as well as parts of post-partition Pakistan and the Arabian Peninsula.At its greatest...
. The main activity of the mint is in the production of commemorative and development-oriented coins
Indian coinage
Coinage of India, issued by Imperial dynasties and smaller middle kingdoms of India began during the 1st millennium BC, and consisted mainly of copper and silver coins in its initial stage. Scholars remain divided over the origins of Indian coinage...
. The mint is situated just opposite the Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
in the Fort area of South Mumbai
South Mumbai
South Mumbai , sometimes incorrectly referred to by English Media as "SoBo" , the southern-most precinct of the city of Mumbai, India, comprises the city's main business localities and its adjoining areas...
.
Initially governed by the Governor of the Bombay Presidency, it was transferred to the Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
on 18 May 1876 through a Finance Department Resolution 247. In 1918, a branch of the Royal Mint
Royal Mint
The Royal Mint is the body permitted to manufacture, or mint, coins in the United Kingdom. The Mint originated over 1,100 years ago, but since 2009 it operates as Royal Mint Ltd, a company which has an exclusive contract with HM Treasury to supply all coinage for the UK...
of London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
was set up to issue British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
sovereigns. In April 1919, after manufacturing 12.95 lakh
Lakh
A lakh is a unit in the Indian numbering system equal to one hundred thousand . It is widely used both in official and other contexts in Pakistan, Bangladesh, India, Maldives, Nepal, Sri Lanka, Myanmar and is often used in Indian English.-Usage:...
(1.295 million) coins, it was shut down.
Besides coins, the Mint also produces medals of various types, for Ministry of Defence, Ministry of Home Affairs, educational institutions, social service institutions, badges etc. It is also a centre for the issuance of gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
ingot
Ingot
An ingot is a material, usually metal, that is cast into a shape suitable for further processing. Non-metallic and semiconductor materials prepared in bulk form may also be referred to as ingots, particularly when cast by mold based methods.-Uses:...
s in exchange of unrefined gold tendered by licensed dealers. The institution also has a separate department that makes official weights and measures such as metric weights, capacity, and linear measures for state governments, laboratories and the Bureau of Indian Standards
Bureau of Indian Standards
The Bureau of Indian Standards is the national Standards Body of India working under the aegis of Ministry of Consumer Affairs, Food & Public Distribution, Government of India. It is established by the Bureau of Indian Standards Act, 1986 which came into effect on 23 December 1986...
.
See also
- Indian rupeeIndian rupeeThe Indian rupee is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India....
- Indian coinageIndian coinageCoinage of India, issued by Imperial dynasties and smaller middle kingdoms of India began during the 1st millennium BC, and consisted mainly of copper and silver coins in its initial stage. Scholars remain divided over the origins of Indian coinage...
- India Government MintIndia Government MintThe India Government Mint operates four mints in the country for the production of coins. They are located at:* Mumbai, Maharashtra* Kolkata, West Bengal* Hyderabad, Andhra Pradesh* Noida, Uttar Pradesh...
- Kolkata MintIndia Government Mint, KolkataThe India Government Mint, Kolkata was first established in 1757, and was located in a building next to the Black Hole in the old fort - where the GPO stands today. It was called the Calcutta Mint and used to produce coins with the mint name. Murshidabad-Second Mint:The second Calcutta Mint was...