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In 1992, a new stainless steel rupee coin, smaller and lighter than the older rupee, was minted, alongside a 5 rupee Cupronickel coin. In 2005, the 10 rupee coin was minted for the first time. Higher denomination coins were introduced due to an increasing demand for change and the increasing cost of printing ₹2, ₹5 and ₹10 banknotes.
Their denominations were 1 ⁄ 12 anna, 1 ⁄ 2 pice, 1 ⁄ 4 and 1 ⁄ 2 anna (all in copper), 2 annas, 1 ⁄ 4, 1 ⁄ 2 and one rupee (silver), [59] and five and ten rupees and one mohur (gold). The gold denominations ceased production in 1891, and no 1 ⁄ 2 -anna coins were issued after 1877.
Lion Capital of Ashoka. The Lion Capital Series were a series of currency notes issued after India declared its independence from Great Britain and used until the Reserve Bank of India (RBI) introduced the Mahatma Gandhi Series in 1996 with banknotes in denominations of 10 and 500 rupees, and were designed with the image of the Lion Capital of Ashoka, the National Emblem which replaced the ...
The 1939 rupee is the most expensive rupee, as after 1939 all silver coins effectively became less pure, due to the shortage of silver during World War II. The 1947 rupee, half rupee, quarter rupee and anna coins are also of special interest to collectors, since that was the last year British issued coins were circulated in India.
Acute shortage of silver during the First World War, led to the introduction of paper currency of one rupee and two and a half rupees. The silver coins of smaller denominations were issued in cupro-nickel. The Second World War led to experiments in coinage where the standard rupee was replaced by the "Quaternary Silver Alloy". The Quaternary ...
The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series.
Banknotes of denominations of ₹5, ₹10, ₹20, ₹50, ₹100, ₹500 and ₹1000 of the Mahatma Gandhi Series. The Gandhi Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of Indian rupee. The series is so called because the obverse of the banknotes prominently display the portrait of Mahatma Gandhi.
The double mohur (minted between 1835 and 1918) with a value of 30 rupees is the highest denomination circulating coin issued till date. An 1835 double mohur was sold at a Bangalore auction for ₹11.5 lakhs making it the highest ever coin bid in India.