Home > News > Business India News
Posted on Feb 18, 07:21PM | IANS
New Delhi, Feb 18 : People can now buy authentic British commemorative sovereigns minted in India for the first time in almost 100 years, it was announced here Monday.
The Royal Mint, world's oldest and most venerable organisations, with an unbroken history of minting British Coinage and MMTC-PAMP, a joint venture between PAMP SA, Switzerland and MMTC, a government of India undertaking announced the new partnership here.
The Royal Mint's gold sovereign commemorative coins will be uniquely available to the Indian market and will carry the mark 'I' to show that they have been manufactured in India.
"Apart from reliability and authenticity, the sovereign coins are known for their quality. Each coin will be packed individually, with individual number, and purity and weight mentioned. It is about integrity and prestige. People should know what they are buying," said Adam Lawrence, deputy master and chief executive of The Royal Mint.
The first production will be of 50,000 pieces and will be available in the market from Monday.
These gold sovereigns will be available for sale to customers in India, initially at select jewellery outlets in Delhi and subsequently pan-India through MMTC-PAMP India's distribution network and selected banks.