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Government is aware of the reports of circulation of fake ₹ 10 coin in a number of States/UTs. Two factories were unearthed in Bawana and a case was registered vide FIR No. 816/16 dated 01/10/2016 u/s 243/232/234/235/344/120B IPC P.S. K.N. Katju Marg, Delhi. Fake coins of ₹ 5 and ₹ 10 denomination valuing ₹ 6,37,500/- in Indian Currency were recovered.
One Factory was unearthed in Peera Garhi and a case was registered vide FIR No.172/16 dated 13/10/2016 u/s 232/235/243/120B/34 IPC P.S. Crime, Delhi. Fake coins of ₹ 10 denomination valuing ₹ 8000/- in Indian Currency were recovered.
The Government has issued Gazette Notification No. 376 (E) dated 10th May, 2011 in which the standard weight of bi-metallic coin of Rupees Ten denomination, the remedy allowed in the composition, and the remedy allowed in standard weight is also mentioned.
The genuineness of a coin can be known after verification of its metal composition
This was stated by Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.
Counterfeit coin circulation requires verification of metal composition under coin standards; criminal investigation and seizures follow. Police discovered manufacturing facilities producing counterfeit coins, recovered counterfeit pieces of multiple denominations, and registered criminal cases. The Government relies on a Gazette notification prescribing the standard weight and remedial tolerances for the bi-metallic ten-rupee coin. Determination of genuineness requires verification of a coin's metal composition, which is the operative forensic criterion used alongside criminal investigation and seizures.Press 'Enter' after typing page number.