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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.
The Indian 1-rupee coin (₹1) is an Indian coin worth one Indian rupee and is made up of a hundred paisas. Currently, one rupee coin is the smallest Indian coin in circulation. Since 1992, one Indian rupee coins are minted from stainless steel. Round in shape, the one rupee coins weighs 3.76 grams (58.0 grains), has a diameter of 21.93 ...
The 25 Paisa coin was introduced in 1957. Prior to this, the 25 paise coin was known as the " 1 ⁄ 4 rupee", which was equivalent to 4 annas (1 rupee = 16 annas). On June 30, 2011, the 25 paisa and all lower denomination coins were officially demonetised .
Value: 20 (1 ⁄ 5 ₹) Paise: Mass: 2.2 g ... The Indian 20 coin is a former denomination of the Indian rupee. The 20 Paise coin equals 1 ...
In 1955, the Parliament of India amended the "Indian Coinage Act" to adopt the decimal system for coinage. Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa".
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).
The Indian 10 coin is a former denomination of the Indian rupee. The 10 Paise coin equals 1 ⁄ 10 of a rupee. The last issue, minted in stainless steel, was first introduced into circulation in 1988. [1] Various 10 paisa coins.
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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