Coin on Atal Bihari Vajpayee not practically available on face-value of rupees 100
Prime Minister Narender Modi has on 24.12.2018 released silver-alloy coin of face-value of rupees 100 in memory of late Prime Minister Atal Bihari Vajpayee. But the coin is not available for general public on face-value like were made available only on three occasions firstly in the year 1969 (Mohandas Karamchand Gandhi), then in the year 1970 (Food For All) and finally in the year 1972 (Independence Jubilee) for rupees 10 each with 80-percent silver-content.
But practice of issuing silver-alloy coins on face-value was later discontinued because value of silver-content exceeded much more than the face-value presently about rupees 700 in a coin. Evidently silver-alloy coins cannot be practically issued on face-value like of rupees 100.
Union Finance Ministry, Reserve Bank of India RBI, Se...