.........Although, the Parliament of India approved a bill in 1975 to mint coins up to denominations of Rs 1000, the government never issued coins worth more than Rs. 150. The 1000 rupee coin was issued to mark a very significant aspect of Indian history. Incidentally, it is the first time that the Mumbai Mint issued the silver coin of Rs. 1000. The coin, weighing 35 gm, contains 80 per cent silver and 20 per cent copper. But coins pose some practical difficulties. They are heavy and hence harder to carry than paper money.........
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