The Real worth of One Rupee Coin?

Saturday, June 9th, 2012 5:42:03 by

The Real worth of One Rupee Coin ?

The one-rupee coin is rumoured to have gold and the topic has created a serious chaos across the nation.

People are willing to pay as much as Rs.1000 for a sing one rupee coin mainly around the region of Swat Valley.

The price ranges between Rs. 50 to Rs.1000 and the coin business is the most efficient way to earn living in the area.

Various stories are associated with the increasing price of the currency but the one that is most commonly told is the presence of gold in its substance.

Another myth attached to the increase in price of the coin is that, it is made of copper, which is an expensive mettle especially after the sudden increase in its price recently.

The coin costs only one rupee but worth more in terms of the copper used in it.

People related to the trade of copper melts the coin and makes much more than the original price.

A resident of Swat tells his story as, “In the morning, one coin was sold for Rs35 but later on the price reached Rs100”.

“Some dealers have invested hundreds of thousands of rupees in the coins. But no one knows how and where to find an upper market,” he concluded.

There is no evidence or proof behind any of the abovementioned stories, in fact a group of people also believe it to be a mere scam.

“I went bankrupt due to such baseless rumours back in 1970. Two men circulated 10-paisa coins in the market, claiming that they had gold in them. I spent thousands of rupees on the coins. But none of the dealers would buy them,” a shopkeeper explained.

This new flow has fascinated people of all age groups, women, children, men all are on a never-ending hunt for the gold coloured coin.

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Short URL: https://www.newspakistan.pk/?p=25307

Posted by on Jun 9 2012. Filed under Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

1 Comment for “The Real worth of One Rupee Coin?”

  1. Abrar

    Easy Money never help any one connected to that Money circle

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