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UK firm East India Company issued legal tender gold coin in honour of Sachin Tendulkar

Jun 24, 2014 16:45 IST

UK firm East India Company on 23 June 2014 issued an exclusive legal tender gold coins in honour of Sachin Tendulkar. The company will issue limited 210 gold coins. Each gold coin weighing 200 grams will be worth 12000 pound sterling.

The rare coin was issued in honour of Sachin's remarkable career spanning 24 years.
On the one side of the coin the image of Queen Elizabeth is embossed. The other side of the coin carries the image of Sachin and his 200th Test match at Wankhede Stadium in Mumbai.

Sachin and his 200th Test match are symbolically represented by Sachin's autographed bat, helmet and the number 187 which he wore during his 200th and final Test in November 2013.

The coin was designed by the coin designer Joaquin Jimenez, the Chief Engraver at Monnaie de Paris.

The canvas of the coin shows the latitude lines of the globe modelled in cricket stitching to represent the international stage of cricket. The Gateway of India features to denote Sachin's home city of Mumbai, where he started and completed his illustrious career.

The issue of a legal tender coin is an official mark of distinction given to individuals who have accomplished great achievements in human history.

East India Company had also produced 60 limited edition coins to mark the 60th anniversary of Queen Elizabeth II's reign.

About the East India Company

Created through a royal charter from Queen Elizabeth I in 1600, East Indian Company at its peak accounted for half the global trade. It was disbanded after the Indian Rebellion of 1857 when the British government took over its assets. A tiny part of the firm, with a small tea and coffee concern as well as the trading name, lived on.

Mumbai-born entrepreneur Sanjeev Mehta acquired its rights from 33 different shareholders in 2005, and invested 20 million pounds, or close to 200 crore rupees, over five years to re-launch The East India Company as a luxury brand.
In 2010, the Mahindra Group took a minority stake in the company that sells luxury products and experiences like jewellery, coins, real estate, hospitality etc.

East India Company’s first flagship Fine Food Store was launched in 2010 in London.

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Read more Current Affairs on: UK firm East India Company , gold coin , Sachin Tendulkar

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