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<p>[QUOTE=&quot;cladking, post: 58197, member: 68&quot;]Modern Indian coins could have explosive price gains over the next </p><p>couple of decades.&nbsp; Like most coins from the latter half of the 20th </p><p>century they have attracted very little interest.&nbsp; This has allowed the </p><p>vast majority to go into circulation and wear.&nbsp; Now the government is </p><p>withdrawing all these small denomination coins and destroying them.</p><p>Some will be very common because a small investment would enable </p><p>a single person to set aside enough coins to assure they are common,</p><p>but some dates are likely to have been overlooked alltogether.&nbsp; I spent </p><p>years trying to locate an early issue 1r in unc.&nbsp; I was able to get a cou-</p><p>ple of AU+&#039;s but it took much more work to find an unc.&nbsp; </p><p><br /></p><p>The Indian economy has been growing at an incredible rate for decades </p><p>and if the people ever decide to collect these coins they&#039;ll find few av-</p><p>ailable for many types and dates.&nbsp; With a population around a billion and</p><p>mintages of some of the earlier moderns around ten thousand you have </p><p>figure the potential is very high.&nbsp; Take the &#039;69 10r for example.&nbsp; This coin </p><p>depicts The Mahatma who was one of the greatest men of all time and </p><p>was instrumental in winning independence for India.&nbsp; The coin is silver </p><p>and had a mintage around 83 hundred if memory serves.&nbsp; There was an </p><p>uncirculated version with a substantial mintage.&nbsp; Many of the proofs were </p><p>sold or shipped to the US which decreases the number available domestically.</p><p>The uncs are not seen at all (at least in the US).&nbsp; Some of he early aluminum </p><p>issues will prove even more elusive.&nbsp; These are quickly destroyed in circula-</p><p>tion and can be difficult to find in any grade.&nbsp; </p><p><br /></p><p>It&#039;s tough to tell from the picture but I&#039;d hang on to anything that&#039;s unc.[/QUOTE]</p><p><br /></p>

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