The main purpose behind the museum was maintaining the records about the history of the Indian currencies. Providing information to the visitors about the coins in India as well as encourage the hobby of coin collection amongst them, were also important objectives. The museum is part of Indian Institute of Research in Numismatic Studies (IIRNS) Is a research Institute on numismatics, particularly on Indian numismatic studies.

About the collection: The museum along with fine collection of currencies, it also includes articles, replicas, photographs, line drawings, real coins and a detail analysis of the currency systems present in India, since centuries. Apart from casting and machine striking, the museum also exhibits dioramas of depicting coin minting and coin manufacturing techniques. Numismatic material and some bronze, terracotta’s, copper-hoard objects, paintings and some other historical artifacts are also displayed.

The museum also had a display of the photography works of renowned artist K.G. Maheshwari