Discover the 5 Rupees World of Work Commemorative Coin, issued in 1994 to honor the International Labour Organization’s 75th anniversary. Explore its unique design, historical significance, and detailed specifications in this comprehensive guide. Perfect for collectors and history enthusiasts alike.
Introduction
- Overview of the 5 Rupees World of Work Commemorative Coin
- Significance of commemorative coins in numismatics
Historical Context
- The International Labour Organization (ILO) and its 75th anniversary
- Historical significance of the coin
Coin Specifications
- Value and Currency
- Composition and Physical Characteristics
- Weight
- Diameter
- Thickness
- Shape
Obverse Design
- Description of the Asoka Lion Pedestal
- Denomination and Lettering
Reverse Design
- Symbol of the International Labour Organization
- Lettering and Date
Edge Design
- Description of the Security Edge or Reeded Edge
Minting Details
- Mints Involved
- Hyderabad
- Noida
- Mumbai/Bombay
Market Value and Rarity
- Frequency of the Coin
- Grading and Valuation
- G (Good)
- VG (Very Good)
- F (Fine)
- VF (Very Fine)
- XF (Extremely Fine)
- AU (About Uncirculated)
- UNC (Uncirculated)
Collectibility and Demand
- Factors Affecting Collectibility
- Popularity Among Collectors
Preservation and Care
- Best Practices for Storing the Coin
- Avoiding Common Damage
How to Acquire
- Buying from Dealers
- Auctions and Online Platforms
Related Commemorative Coins
- Other Commemorative Coins by ILO
- Indian Commemorative Coins
Coin Collecting Tips
- Building a Collection
- Authentication and Documentation
Conclusion
- Summary of Key Points
- Final Thoughts on the Coin
FAQs
Introduction 5 Rupees World of Work Commemorative Coin
Overview of the 5 Rupees World of Work Commemorative Coin
The 5 Rupees World of Work Commemorative Coin was issued in 1994 by the Government of India to celebrate the 75th anniversary of the International Labour Organization (ILO). This coin is a unique piece of numismatic art that blends historical significance with commemorative intent. Featuring a design that honors the ILO’s dedication to global labor rights, the coin is an important artifact for collectors and historians alike.
The coin’s design features symbolic elements that highlight the ILO’s mission and the role of labor in shaping global societies. With its detailed imagery and inscriptions, it provides a tangible connection to the historical milestone it commemorates.
Significance of Commemorative Coins in Numismatics
Commemorative coins hold a special place in the world of numismatics—the study and collection of currency. Unlike regular coins, which are produced primarily for circulation, commemorative coins are minted to mark significant events, anniversaries, or notable figures. They serve as tangible representations of historical and cultural milestones, offering collectors and historians a way to celebrate and remember important events.
These coins are often crafted with unique designs and sometimes include higher quality materials or different denominations than standard circulation coins. Their value can be both intrinsic, due to their composition, and historical, based on their commemorative nature. For collectors, they provide a rich opportunity to explore and preserve historical moments in a tangible form.
The 5 Rupees World of Work Coin is a prime example of such a commemorative piece, encapsulating a significant global event within a small, yet impactful, piece of currency.
Historical Context
The International Labour Organization (ILO) and Its 75th Anniversary
The International Labour Organization (ILO) was founded in 1919 as a specialized agency of the United Nations with the mission to promote social justice and fair labor practices worldwide. Its establishment marked a significant step toward improving working conditions and advancing workers’ rights on a global scale. The ILO’s primary goals include setting international labor standards, fostering decent work, and addressing issues such as child labor, forced labor, and discrimination.
By 1994, the ILO was celebrating its 75th anniversary, a milestone that underscored its enduring commitment to labor rights and social justice. The organization had played a crucial role in shaping labor policies and improving conditions for workers across the globe over these three-quarters of a century. The 75th anniversary was a moment to reflect on its achievements and reaffirm its mission for the future.
Historical Significance of the 5 Rupees World of Work Commemorative Coin
The 5 Rupees World of Work Commemorative Coin was issued to mark this significant 75th anniversary of the ILO. This coin represents more than just a piece of currency; it is a tribute to the ILO’s impact on global labor standards and its ongoing efforts to promote fair and just working conditions.
The 5 Rupees World of Work Commemorative coin’s issuance highlighted India’s support and recognition of the ILO’s mission. By commemorating this milestone, the coin also served to raise awareness about the ILO’s work and the importance of labor rights. For numismatists and historians, it stands as a valuable artifact that captures a moment in time when the world was reflecting on its labor practices and the progress made in improving workers’ conditions.
In essence, the 5 Rupees World of Work Coin is both a historical marker and a celebration of international cooperation in labor rights. It symbolizes the global effort to enhance the quality of work and life for people worldwide, aligning with the ILO’s core mission and values.
Coin Specifications of 5 Rupees World of Work Commemorative Coin
Value and Currency
The 5 Rupees World of Work Commemorative Coin was issued with a nominal value of 5 Indian Rupees. The Indian Rupee, symbolized as INR, has been the official currency of India since the country adopted a decimal system in 1957. This denomination reflects the coin’s role as a commemorative item while maintaining a value that is accessible and recognizable within the Indian currency system.
Composition and Physical Characteristics of 5 Rupees World of Work Commemorative Coin
The 5 Rupees World of Work Commemorative Coin is composed of copper-nickel, a common alloy used in coinage due to its durability and resistance to corrosion. This composition ensures that the coin can withstand handling and the test of time, making it suitable for both circulation and collection.
- Weight: 8.9 grams
The coin’s weight of 8.9 grams strikes a balance between durability and ease of handling. It is substantial enough to feel substantial in hand, yet light enough for practical use and storage. - Diameter: 23.3 mm
With a diameter of 23.3 millimeters, the coin is slightly smaller than a standard U.S. quarter but has a size that is comfortable for handling and striking. This diameter allows for detailed design elements while maintaining a manageable size. - Thickness: 2.6 mm
The thickness of 2.6 millimeters gives the coin a solid feel and allows for a clear, defined edge. This thickness is typical for commemorative coins, providing a robust feel without being excessively bulky. - Shape: Round
The coin is round, which is the most common shape for currency. The round shape facilitates easy stacking and storage and is traditionally used for its practicality and ease of manufacturing.
These specifications ensure that the coin is both functional and aesthetically pleasing, embodying the commemorative nature of its design while adhering to practical standards for numismatic items.
Obverse Design of 5 Rupees World of Work Commemorative Coin
The obverse of the coin features the Asoka Lion Pedestal, a significant symbol in Indian culture. This design element reflects the rich historical and cultural heritage of India. The denomination “5 Rupees” is prominently displayed below the pedestal. The inscriptions around the image read:
- भारत INDIA
- सत्यमेव जयते (Satyamev Jayate)
- रूपये 5 RUPEES
These inscriptions highlight the coin’s Indian origin and its value in both English and Hindi.
Reverse Design of 5 Rupees World of Work Commemorative Coin
The reverse side of the coin showcases the emblem of the International Labour Organization, symbolizing its global reach and mission. The inscriptions here read:
- श्रम जगत WORLD OF WORK
- ILO
- 1919 – 1994
These elements emphasize the 75-year celebration of the ILO and its dedication to improving labor conditions worldwide.
Edge Design
The edge of the coin is reeded or features a security edge, providing an additional layer of authenticity and helping prevent counterfeiting. This design choice also adds to the coin’s aesthetic appeal.
Minting Details
The 5 Rupees World of Work coin was minted at several locations in India:
- Hyderabad: Known for its historical significance in Indian minting history.
- Noida: A relatively newer mint established in 1988.
- Mumbai/Bombay: One of the oldest mints in India, operational since 1829.
Each mint’s contribution adds a unique touch to the coin’s overall narrative.
Market Value and Rarity
The market value of the coin varies based on its condition and mint mark. Here’s a breakdown of typical values:
- *ND (1994) : ₹38 in G, VG, F, and ₹100 in VF
- ND (1994) °: ₹22 in G, ₹35 in VG, ₹52 in F, ₹160 in VF, and ₹1000 in UNC
- ND (1994) ♦: ₹5.60 in G, ₹32 in VG, ₹55 in F, ₹55 in VF, ₹55 in XF, and ₹96 in UNC
The varying frequencies of these values reflect the coin’s rarity and desirability in different grades.
Collectibility and Demand
The coin’s collectibility is influenced by factors such as its historical significance, minting details, and condition. Coins with lower mint frequencies or higher grades are more sought after by collectors, driving their demand and value.
Preservation and Care
Proper preservation is essential for maintaining the coin’s value. To ensure longevity:
- Store the coin in a cool, dry place.
- Use protective cases to prevent scratches and tarnishing.
- Avoid handling the coin frequently to prevent oils from your skin from causing damage.
These practices help maintain the coin’s pristine condition and value.
How to Acquire
Collectors can acquire the 5 Rupees World of Work coin through:
- Dealers: Reputable numismatic dealers often have a range of commemorative coins available.
- Auctions: Coins may be found in specialized auctions, where collectors can bid for desired pieces.
- Online Platforms: Websites dedicated to coin collecting provide a convenient way to purchase and sell coins.
Related Commemorative Coins
There are other notable commemorative coins related to the ILO and similar themes. Exploring these can enrich a collector’s understanding and collection.
Coin Collecting Tips
For those new to coin collecting:
- Build a Collection Gradually: Start with coins of interest and expand over time.
- Authenticate Coins: Ensure coins are genuine and obtain certification if necessary.
- Document Your Collection: Keep records of each coin’s details, including its condition and provenance.
Conclusion
The 5 Rupees World of Work Commemorative Coin is more than just a piece of currency; it’s a symbol of global labor solidarity and Indian numismatic tradition. With its rich design and historical significance, it holds a special place in the hearts of collectors and history enthusiasts alike.
FAQs
1. What is the significance of the 5 Rupees World of Work Commemorative Coin?
The coin commemorates the 75th anniversary of the International Labour Organization, reflecting its contributions to global labor rights.
2. How can I determine the value of my 5 Rupees coin?
The value depends on the coin’s condition and mint mark. Consult a numismatic expert or refer to recent market prices for accurate valuation.
3. Where was the 5 Rupees coin minted?
It was minted at Hyderabad, Noida, and Mumbai/Bombay.
4. How should I store my commemorative coin?
Store it in a cool, dry place and use protective cases to prevent damage.
5. Can I buy the 5 Rupees coin online?
Yes, it is available through reputable dealers and online platforms specializing in numismatic items.
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