10 Paise Fao - Food & Work for All coin value

10 Paise Fao - Food & Work for All Commemorative Coin were minted by the Indian government during the year 1976.  These coins were minted in the alloy of Aluminum Magnesium. It is Round with 12 Notches. Note that the official weight of this coin is 2.3 grams and the thickness is 2 mm. The diameter is 26mm.

10 Paise Fao - Food & Work for All coin value

Introduction
The 10 Paise (FAO) coin is a special coin in the world of coin collecting because of its historical significance and unique design.
In this article, we will explore the interesting history, detailed design elements, circulation status, and current worth of the 10 Paise (FAO) coin.
Our goal is to provide valuable information about why this coin is important and why it appeals to collectors and enthusiasts.
We will cover various aspects of the coin, including:

1. How it was created

2. What its design represents

3. Factors that affect its value

4. Its journey in circulation

5. Why people collect it

6. How much it is currently worth

By thoroughly examining these topics, you will have a complete understanding of the 10 Paise (FAO) coin and its significance among Indian commemorative coins.

The 10 Paise (FAO) Coin: A Symbol of India's Commitment

The 10 Paise (FAO) coin is a special coin issued by India in 1976. It holds historical significance as a circulating commemorative coin that was part of the FAO (Food and Agriculture Organization) series, with the theme "Food and work for all." This series aimed to highlight the importance of food security and employment opportunities for everyone.

Design Elements

The design of the 10 Paise (FAO) coin reflects its theme in a powerful way:

1. Obverse Side: The front side of the coin features an image of an Asoka lion pedestal, which is a symbol of India's rich history. Below the image, you can see the denomination of the coin.

2. Reverse Side: On the back side, there is a depiction of a figure riding a tractor, with a utility pole and buildings in the background. These elements represent agricultural development and economic progress.

Significance and Message
Through its design, the 10 Paise (FAO) coin symbolizes India's commitment to addressing two crucial needs:

1. Food Security: The FAO's mission is to eradicate hunger worldwide, and this coin represents India's dedication towards achieving that goal.

2. Employment Opportunities: By emphasizing the importance of work for all, this coin also signifies India's efforts to provide job opportunities to its citizens.

Importance Today
Even though this coin is no longer in circulation, it continues to hold significance for several reasons:

1. Historical Value: The 10 Paise (FAO) coin serves as a reminder of India's past initiatives towards social welfare and economic growth.

2. Collector's Item: Its unique design and limited availability have made it desirable among collectors and enthusiasts who appreciate numismatics (the study of coins).

The 10 Paise (FAO) coin stands as a testament to India's enduring commitment to social welfare and economic advancement, reflected through its timeless design and commemorative significance.

Design and Symbolism

The 10 Paise (FAO) coin features distinct designs on its obverse and reverse sides, each with their own significant features that contribute to the overall symbolism of the coin.
Obverse Side Design:

Reverse Side Design:

The reverse side of the coin portrays a figure riding a tractor, with a utility pole and buildings in the background. This design reflects the theme of "Food and Work for All," as intended by the FAO series.

The figure on the tractor represents agricultural labor and highlights the importance of farming and food production for sustaining societies. It symbolizes India's commitment to achieving food security and providing employment opportunities for all.

The utility pole and buildings in the background represent infrastructure development, further emphasizing the significance of work and progress in building a prosperous nation.

The overall design of the 10 Paise (FAO) coin effectively captures the message of promoting food security and employment opportunities for all. Its imagery portrays key elements related to agriculture, labor, and infrastructure development, highlighting India's commitment towards these crucial aspects of societal growth.

The symbolism embedded in the design makes this coin not only a numismatic collectible but also a historical artifact that represents India's aspirations for progress and prosperity. Through its visual representation, this coin serves as a reminder of the importance of ensuring food availability and work opportunities for every individual.

Key Factors Influencing the Value of the 10 Paise (FAO) Coin
When determining the value of the 10 Paise (FAO) coin, several key factors come into play, influencing its market price and desirability among collectors. Here are the main elements that contribute to the coin's value:

1. Condition
The condition of a coin is a crucial factor in assessing its value. For the 10 Paise (FAO) coin, factors such as wear and tear, scratches, discoloration, and overall preservation significantly impact its worth in the collector's market.

2. Mintmark
The presence or absence of a mintmark on the coin can also affect its value. Mintmarks indicate the minting facility where the coin was produced and can signify different production runs or variations, adding to the coin's collectibility.

3. Rarity
The overall rarity of the 10 Paise (FAO) coin plays a vital role in determining its value. Low mintage figures or specific variations, such as proof issues or error coins, contribute to its scarcity and subsequently elevate its market price.
By considering these key factors - condition, mintmark, and rarity - collectors and enthusiasts can better evaluate the value of the 10 Paise (FAO) coin in their numismatic pursuits.

Circulation History and Demonetization

The 10 Paise (FAO) coin was in circulation for a long time before it was demonetized on June 30, 2011. It was used as legal tender for small transactions in India. However, due to technological advancements and increasing production costs, the Reserve Bank of India decided to demonetize certain low-value coins, including the 10 Paise (FAO) coin.

Reasons for Demonetization

The decision to demonetize the 10 Paise (FAO) coin was driven by several factors:

1. Cost and Efficiency: Inflation and rising metal prices made it impractical to produce and maintain low-value coins like the 10 Paise (FAO). It was more cost-effective to phase out these coins.

2. Reduction in Coin Usage: The popularity of digital payments and the availability of higher denomination coins and banknotes led to a decline in the use of low-value coins. The demonetization aimed to simplify the currency system by reducing the number of coin denominations.

3. Counterfeit Concerns: Demonetizing certain coins helps in the fight against counterfeit currency. By taking older coins out of circulation, it becomes easier to identify genuine money.

Impact of Demonetization
The demonetization of the 10 Paise (FAO) coin had an impact on both the general public and coin collectors:

1. General Public: As legal tender, the 10 Paise (FAO) coin was widely used for small transactions. Its demonetization meant that people had to either exchange their remaining coins or stop using them altogether. This change necessitated a shift towards other payment methods for day-to-day transactions.

2. Coin Collectors: Coin collectors who specifically focused on Indian circulating commemorative coins, such as the 10 Paise (FAO), were affected by its demonetization. The scarcity of these coins increased as they were gradually taken out of circulation. Collectors had to modify their collections to include other numismatic items.

The demonetization of the 10 Paise (FAO) coin reflects the changing requirements of a modern economy and the move towards digital transactions. Although it may no longer have its original monetary value, its historical significance and desirability for collectors remain unchanged.

Collectibility in the Numismatic Community

The 10 Paise (FAO) coin is highly valued by numismatists and collectors of Indian coins. Its special design, historical importance, and limited production make it a sought-after collectible item. Here are some important factors to understand about why this coin is so collectible:

1. Numismatic Significance
The 10 Paise (FAO) coin is considered an important piece in Indian coin collecting because of its connection to the Food and Agriculture Organization (FAO). This adds a sense of historical value to the coin, making it attractive to collectors who appreciate the cultural and societal themes portrayed on coins.

2. Limited Mintage
Compared to other coins in circulation, the 10 Paise (FAO) coin has a relatively low mintage of around 62 million. This limited availability adds to its desirability among collectors and contributes to its higher market value.

3. Design Appeal
The unique design of the 10 Paise (FAO) coin further enhances its appeal to collectors. It features an Asoka lion pedestal on the front and a figure on a tractor on the back, with intricate details and symbolic elements incorporated into the overall design. These artistic qualities make it visually appealing and sought after by collectors who are looking for something different and special.

4. Market Information
For those interested in acquiring or learning more about the 10 Paise (FAO) coin, there are online resources available such as Numista. This platform provides historical information, market trends, and discussions among collectors, serving as a valuable tool for numismatists looking to expand their knowledge and connect with others who share their passion.

Overall, the collectibility of the 10 Paise (FAO) coin arises from its historical significance, limited mintage, unique design elements, and appeal among numismatists. Whether you are an experienced collector or someone just starting their journey into the world of collectible coins in India, the 10 Paise (FAO) coin is a fascinating addition to any collection.

The Current Market Value of the 10 Paise (FAO) Coin
When looking at how much the 10 Paise (FAO) coin is worth in the market, it's important to think about different things that affect its price. Here's what you need to know about its current market value:
Factors Affecting Market Value
1. Condition Grades
The market value of the 10 Paise (FAO) coin can change a lot depending on how it looks. Coins that haven't been used or are in perfect condition usually cost more than ones that have been circulated and show signs of wear.

2. Mint Variations
The type of mint or any special marks on the coin can also make a difference to its value. Some collectors might be more interested in coins from certain mints or with unique marks, which can affect how much they're willing to pay for it.

Price Range

Right now, the 10 Paise (FAO) coin is worth somewhere between Rs. 30 and Rs.150. This range takes into account the different conditions and mint variations available in the market.

Understanding these details about condition grades and mint variations is really important if you want to know how much this special coin is worth. People who love collecting coins often think about these things when deciding which ones they want to add to their collection.

Conclusion

Indian commemorative coins are a treasure trove of history and beauty. They offer a glimpse into the past and showcase the rich cultural heritage of the country. If you're interested in exploring this fascinating world, here are a few things you can do:

1. Learn More: Educate yourself about Indian commemorative coins, their designs, and the stories behind them. There are plenty of resources available online and in books that can help you expand your knowledge.

2. Connect with Fellow Collectors: Join online forums or social media groups dedicated to coin collecting. Interacting with other enthusiasts can be a great way to learn, share experiences, and even buy/sell coins.

3. Visit Coin Exhibitions: Keep an eye out for coin exhibitions or numismatic events happening in your city or nearby areas. These events often feature rare coins on display and provide an opportunity to meet experts in the field.

4. Explore Auction Houses: Check out reputable auction houses that specialize in numismatics. They occasionally hold auctions where you might find unique Indian commemorative coins up for bidding.

As you embark on your journey of collecting Indian commemorative coins, remember to always prioritize quality over quantity. It's better to have a small collection of well-preserved coins than a large collection of mediocre ones.
"Collecting coins is like collecting memories - each one tells a story." - Anonymous

* Price based on market averages

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