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The lowest-denomination Indian coins, the half-pice (128 to a rupee) and the pie (192 to a rupee) were officially demonetized in 1947; while both denominations had continued to circulate up to that time, new examples were not minted after 1942 as they were practically worthless (India remained a member of the sterling area after independence ...
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.
British Indian 1 rupee, 1917 Rupee gold coin of Princely State of Bahawalpur. The 1911 accession to the throne of the King-Emperor George V led to the famous "pig rupee". On the coin, the king appeared wearing the chain of the Order of the Indian Elephant. Through poor engraving, the elephant looked very much like a pig.
Five-rupee coins, made from brass, are being minted by the Reserve Bank of India (RBI). In 1997 the 20 paise coin was discontinued, followed by the 10 paise coin in 1998, and the 25 paise in 2002. Between 2005 and 2008 new, lighter fifty-paise, one-, two-, and five-rupee coins were introduced, made from ferritic stainless steel.
Total mintage: 159,939,000 (1947). Engraver (Obverse): Percy Metcalfe. Engraver (Reverse): P. W. M. Brindley. Comment: Coins minted in Lahore & Mumbai mint. This particular coin was minted in Mumbai (dot below year indicates it was minted in Mumbai). Coin dates to pre independence of India (British Empire period). Monetization status ...
Indian Rupee [52] 15 August 1947 [3] 15 July 2010 (symbol) [52] Indian rupee (ISO code: INR) is the official currency of India, the issuance of which is controlled by the Reserve Bank of India. [53] Rupee is derived from rupya or rūpiya, which was used to denote various coins in usage since 4th century BCE. [54]
Prior to 1957, the Indian rupee was not decimalised. From 1835 to 1957, the rupee was divided into 16 annas. Each anna was further divided into four Indian paises (pice) and each paise into three Indian pies till 1947 when the pice was demonetised. In 1955, the Parliament of India amended the "Indian Coinage Act" to
Sometime around 600BC in the lower Ganges valley in eastern India a coin called a punchmarked Karshapana was created. [38] According to Hardaker, T.R. the origin of Indian coins can be placed at 575 BCE [39] and according to P.L. Gupta in the seventh century BCE, proposals for its origins range from 1000 BCE to 500 BCE. [25] According to Page.
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