Fascinating technology

A new coin museum showcases the history, technology of coins and currency

Did you know that the largest gold coin in the world weighing 11 kg was minted in India and became the property of the Nizams of Hyderabad?

For those who wish to know such facts or technologies regarding the evolution of coins and currency, here is a chance to visit the new Saifabad Currency Museum in Hyderabad which opened to the public on Wednesday.

It offers visitors an exciting journey through the world of coins and currency with historical facts and the ancient equipment used in the mining world around a century ago. Coins and currency used in the country since independence, now obsolete, are also on display.

Visitors who thronged the museum on the first day of opening said it was a “show of coin history”.

History and exhibits

The Saifabad Currency Museum was established by the Security Printing and Minting Corporation of India Ltd (SPMCIL) as part of “Azadi Ka Amrit Mohostav” in a currency factory that was abandoned in the 1990s.

A woman viewing exhibits after the inauguration of the Coin Museum as part of Azadi Ka Amrit Mahotsav at the Mint Compound in Hyderabad.  (NAGARA GOPAL/The Hindu)

A woman viewing exhibits after the inauguration of the Coin Museum as part of Azadi Ka Amrit Mahotsav at the Mint Compound in Hyderabad. (NAGARA GOPAL/The Hindu)

The museum recalls the history of coinage and coinage of Nizam Mir Akbar Ali Khan Sikander Jha who started minting his coins in 1803.

The exhibits in the museum include coins and currencies issued by the state of Hyderabad and the equipment used in the process, including a huge manual scale, weights and measures.

Other special attractions include replicas of the world’s largest 1,000 tola Mughal gold coin, Muhr, issued by Emperor Jahangir in the 17th century and the famous silver rupee issued by Delhi ruler Sher Shah Suri in the 16th century.

Chairman and Managing Director of Security Printing and Minting Corporation of India Ltd (SPMCIL) Tripti Patra Ghosh with others viewing exhibits after the inauguration of Coin Museum in Hyderabad.  (NAGARA GOPAL/The Hindu)

Chairman and Managing Director of Security Printing and Minting Corporation of India Ltd (SPMCIL) Tripti Patra Ghosh with others viewing exhibits after the inauguration of Coin Museum in Hyderabad. (NAGARA GOPAL/The Hindu)

The Jahagir gold coin was gifted to the ancestors of Nizam Ul Mulk Asaf Jah, the first Nizam who founded the state of Hyderabad in 1724 AD.

You can also learn how currency and coins from sunken ships were extracted and preserved.

“Facts such as the establishment of the first modern mint in Mumbai (then Bombay) in 1672 by Governor Aungier of the East India Company are quite interesting. It is also amazing to know about the 1,000 tola gold coin,” said N Ramesh, a B Tech student who came to visit the museum.

Published on

June 09, 2022