Define Coin and Indian Coin

Question: Define Coin and Indian Coin

Find the question and answer of IPC only on Legal Bites. [Define Coin and Indian Coin.]

Answer

The IPC draws a distinction between ‘coins’ and ‘Indian coins’. More deterrent punishments are prescribed for offences relating to Indian coins than in relation to other coins. The words ‘coin’ and ‘Indian coin’ are defined in section 230, IPC.

Section 230, IPC defines ‘Coin’ as— Coin is metal used for the time being as money and stamped and issued by the authority of some State or Sovereign Power in order to be so used.

Indian coin— Indian coin is metal stamped and issued by the authority of the Government of India in order to be used as money; and metal which has been so stamped and issued shall continue to be Indian coin for the purposes of Chapter XII, IPC notwithstanding that it may have ceased to be used as money.

The following are the chief characteristics of a ‘coin’ as defined in IPC:

1. The coin must be made of metal;
2. It must be used as money;
3. It must be stamped;
4. It must have been issued by some state or sovereign power. Thus, coins struck in Sri Lanka, China, Russia, France, or Germany are all coins.
5. The issuing of such a coin must have been for the purpose of being used as money. It must be current, i.e., used for the time being as money. Thus, old and obsolete coins now out of circulation are not coins.

Some examples are:

• Medals are not coined, inasmuch as they are not intended to be used as money.
• The coin denominated as the Company’s rupee is an Indian coin.
• The ‘Farrukhabad rupee’ which was formerly used as money under the authority of the Government of India is an Indian coin although it is no longer so used.

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