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India Government Mint, Hyderabad

India Government Mint, Hyderabad
Predecessor Royal Mint
(Mint of Nizam)
Formation 1803; 214 years ago (1803)
Founder Nizam of Hyderabad
Founded at Sultan Sahi, Moghalpura, Hyderabad, India
Merger of Nizam of Hyderabad's mint
Type Public sector undertaking
Legal status Mint
Purpose To mint coins.
Headquarters Janpath, Delhi, India
Location
Coordinates 22°30′56.4696″N 88°19′18.9084″E / 22.515686000°N 88.321919000°E / 22.515686000; 88.321919000Coordinates: 22°30′56.4696″N 88°19′18.9084″E / 22.515686000°N 88.321919000°E / 22.515686000; 88.321919000
Key people
Sandeep Jain
(general manager)
Parent organization
SPMCIL
Subsidiaries None
Website igmhyderabad.spmcil.com/Interface/Home.aspx
Formerly called
Royal Mint

India Government Mint, Hyderabad is one of the four mints in India. Based in Cherlapally, Secunderabad (twin city of Hyderabad) in the Indian state of Telangana, the mint was originally established in 1803 AD as the Royal Mint to serve as the mint for the Nizam of Hyderabad. The mint was founded by Mir Akbar Ali Khan Sikander Jah, Asaf Jah III and was originally situated at Sultan Sahi in Moghalpura suburb of Hyderabad city. In 1950, the mint was taken over by the Government of India, and in 1997 it was shifted to its present location at Cherlapally in Secunderabad. Indian 1, 2, 5 and 10 rupee coins are produced in this mint.

Till early 19th century, mints were privately operated by wealthy businessmen (Sahus, Jagirdars and Omaras) in India. Licenses for minting coins were obtained by paying fees to the exchequer. The mints used to produce coins with the name of Emperor in Delhi. FIDVI, QITAAB (title) and lettering "Yar-E-Wafadar" (trusted follower) were added to the coins.

India Government Mint, Hyderabad was established in 1803 AD by Mir Akbar Ali Khan Sikander Jah, Asaf Jah III as a private mint and along with other private mints in the country. The mint produced Indian coins in the name of Emperor of India. Initially the mint was situated at Sultan Sahi in Moghalpura suburb of the Hyderabad city. The dies were made of steel but the private mints did not have a master die. The dies hence differed in size, production of coins was crude with only partial inscription appearing on coins frequently.


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