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1973 Indian proof set of coins. Coins of the Indian rupee (₹) were first minted in 1950. [1] New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of 1, 2, 5, 10, and 20 rupees.
There was a coin of one anna, and also half-anna coins of copper and two-anna pieces of silver. [2] With the rupee having been valued to 1s 6d [3] and weighing 180 grains as a 916.66 fine silver coin, [4] the anna was equivalent to 9/8 d (one penny and half a farthing). Hence the 2 anna silver coins were of low weight (22.5 grains = 1.46 g).
With the Royal Titles Act 1876, Victoria took the title "Empress of India", so in 1877 coin inscriptions changed from Victoria Queen to Victoria Empress. There was a transition period after India gained independence on 15 August 1947, and the first set of republic India coins were issued in 1950.
Coin Collecting Is Hot: Investors Taking a Shine to Numismatics If you've collected coins over the years and aren't quite sure what to do with them, they could wind up fetching you a load of cash now.
The Padmanabhaswamy temple treasure is a collection of valuable objects including gold thrones, crowns, coins, statues and ornaments, diamonds and other precious stones. It was discovered in some of the subterranean vaults of the Padmanabhaswamy Temple in Thiruvananthapuram, in the Indian state of Kerala, when five of its six (or possibly eight) vaults were opened on 27 June 2011.
The Indian One Paisa coin (Hindi: पैसा) is a former denomination of the Indian Rupee. The 1 coin equals 1 ⁄ 100 (one-hundredth) of the Indian Rupee. The symbol for paisa is (). In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957.
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