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Saturday, December 25, 2010

25 paise coin 1962

In September, 1955 that the Indian Coinage Act was amended for the country to adopt a metric system for coinage. The Act came into force with effect from 1 April 1957. The rupee remained unchanged in value and nomenclature. It, however, was now divided into 100 'paisa' instead of 16 annas or 64 pice. For public recognition, the new decimal paisa was termed 'Naya Paisa' till 1 June 1964 when the term 'Naya' was dropped.In 1957, India shifted to the decimal system, but for a short period both decimal and non-decimal coins were in circulation. To distinguish between the two pice, the coins minted between 1957 and 1964 have the legend "Naya Paisae".The word "naya" was dropped in 1964.
This is a very old 25 paise coin this was the first 25 paise coin to be minted in  India.This is a pure Nickel coin having a diameter of 19mm and weight 2.5 gram. On one side 25 is inscribed with a few Hindi words such as 'Naye Paise' meaning new paise and 'Rupye ka chotta bhag' meaning  one by fourth of an rupee.This was done because people were not very familiar with the decimal system.This 25 paise was also known as 'chavanni' meaning 4 annas because one 25 paise was equal to 4 annas.On the reverse the Ashoka Sthamba is depicted with the words Bharat and India.

Friday, December 10, 2010

50 paise 1982 commemorative coin

 
This 1982 commemorative 50 paise coin was issued on the subject 'National Integration'.It is a copper-nickel coin a similar 2 rupees coin was also issued in 1982 on 'National Integration'.It was the first time a 2 rupee coin was issued in India.To stress the need for communal harmony and to aware the people that the different states and its people are the integral part of our country India, a 50 paise coin with the theme “National Integration” was issued in April,1985.On one side of the coin 'Ashoka Sthamba' is depicted along with the denomination and on the reverse side .The map of India  is depicted and within the map the Indian flag is seen to be waving in the air and the word National Integration is written in block letters in english and hindi outside the map of India.This coin is very rarely found in India.The diameter of the coin is 24mm and the wight is 5grams

Friday, November 12, 2010

1991 One rupee Tourism coin

The Government had the view that a visitor to India,  is in for an unforgettable experience. Judging from the available international trends in those times, tourism was destined for a major upsurge, and a big traffic movement was expected in the coming years.  India was well set to emerge as one of the most popular destinations in the 1990s . To give thrust to these effort, the year 1991 was declared as the "Visit India Tourism Year," during which the traditional lamp of welcome were lightened at  India's gateways to the 1990s.The 12-month celebration  took place all across India, in festivals ablaze with color, pageantry, ritual, and custom.An elaborate calendar of events were drawn up, and to facilitate international tourists, special measures were taken by the government, like relaxation of visa rules, opening up of new areas, and liberalization of charter flights to India.To increase hotel accommodations of all categories, a number of incentives were announced to make investment in the hotel industry more attractive.
On such an occasion India also issued a normal size one rupee commemorative copper-nickel coin  having a diameter of 26mm and the weight of the coin is 6grams  .On one side of the coin the Peacock, Pavo cristatus (Linnaeus),  the national bird of India is depicted in dancing state with the words 'Tourism Year' in english as well as hindi.The peacock has been designated the national bird of India in 1963.Peacocks have been given full protection under the Indian Wildlife (Protection) Act, 1972.Hunting of peacocks is banned in India.On the other side of the coin The denomination as well as 'Ashoka Sthamba' with the slogan 'Satyamev Jaytae' is inscribed.

Thursday, November 4, 2010

1976 Five paisa coin

The  five paisa coin of 1976 was a Aluminum series coin with less text.The coin was a mixture of Aluminum and magnesium.This type of coin was first issued in 1972 and it was continued minting till 1984.The coin was square in shape and the diagonal lenght was 22mm.On one side 5 paisa  was inscribed the word paisa was written in Hindi as well as in English and on the other side "Bharat" and "India" was inscribed along with the Ashoka Sthamba .A dot is also present below the 7 of 1976 this signifies it is from the Bombay mint. The Bombay Mint has a small dot or diamond mint mark under Date of the Coin.The weight of this coin is 1.5 gram.

Monday, October 25, 2010

Why 1995 one rupee note has a great value

Production of 1 Rupee denomination was discontinued since March 1994 by Government of India,because the life of a one rupee coin is much more than that of a one rupee paper note.The notes available in the market of 1995 bearing the signature of  S. Venkitaramanan  are either fake or or are printed by mistake.Montek Singh Ahluwalia was Finance Secretary, Ministry of Finance, New Delhi from 16.03.93 to 19.08.98 and so the note if any should bear the signature of Montek Singh Ahluwalia.
S. Venkitaramanan was the eighteenth Governor of the Reserve Bank of India from 22 December 1990 to 22 December 1992.He was also Finance Secretary, Ministry of Finance, New Delhi in the year 1985 and all the one rupee notes of 1985 bears the signature of S. Venkitaramanan .So by mistake the notes of 1985 got printed as 1995,thats why these notes are very very rareand a huge price is associated with them.

1991 Rajiv Gandhi one rupee coin

Metal          Cupro-nickel
Weight          6.05 g
Diameter       26.0 mm
Thickness      1.5 mm
Shape           Round


This is a commemoration coin for Rajiv Gandhi, the former prime minister of Indiawas the 7th Prime Minister of India. He was assassinated on 21 May 1991  by a bomb blast. The coin  has the Ashoka Pillar and the numeral one on the obverse and a portrait of Rajiv Gandhi on the reverse. The reverse also has words "RAJIV GANDHI" in English and "राजीव गांधी" in Hindi along with his lifespan (1944-1991) and his left facing image .The 1985 Indira Gandhi's death commemorative coin had Indra Gandhi's right facing image whereas her son's image is facing left .It is not purely a left facing portrait like the queen Victoria series coin.Rajiv Gandhi's face is turned in the front position towards right thus highlighting the left part of his face.

Monday, October 18, 2010

1989 One rupee coin on 100th anniversary of Nehru's birth.

Jawaharlal Nehru was born on 14th November ,1889 and the year marked the 1st Centennial of birth of Pandit Jawaharlal Nehru , a set of three coins of 100, 5 and 1 rupee were issued with his portrait in 1989. .The government issued this coin as a respect to the first prime minister of India.A one rupee commemorative coin was issued on the death of  Pandit Jawaharlal Nehru  and earlier a one rupee coin was also issued on the 1st Centennial of birth of Mahatma Gandhi.This coin is a copper-nickel coin whereas  1964 coin is a pure nickel coin.The coin is a large coin showing one side of  Pandit Jawaharlal Nehru's face the portrait  is of right side of the face  unlike the Queen Victoria in the British India coins where she is portrayed on the left side .The image of Pandit Jawaharlal Nehru is shown wearing a  Gandhi Topi(cap) and is shown wearing a Indian kurta wheras in the  1964 coin he is shown without the cap and only the face is shown.The size of the coin is of a normal one rupee coin having a diameter of 26mm and weight 6gm.

Wednesday, October 13, 2010

1988 10 paisa Nepali Coin

This is a 10 paisa nepali coin of 1988 having the date 2045 written in Hindi over it but the nepal has its own calender  named "Nepali Sanvat" .The year 2045 means the year 1988 according to the international calender .On that side of the coin has the name of the then king of Nepal  Birendra Bir Bikram is also inscribed. He ruled from 31 January 1972 to  1 June 2001.The coin also bears a Coat of arms of Kingdom of Nepal which was changed On 30 December 2006.The coat of arms in use before 30 December 2006 consists of a white cow, a green pheasant (Himalayan Monal), two Gurkha soldiers (one carrying a kukri and a bow, and the other a rifle), peaks of the Himalayas, two crossed Nepalese flags and kukris, the footprints of Gorakhnath (the guardian deity of the Gurkhas) and the royal headress. It also contained the same red scroll with the national motto. This coat of arms was preceded by the Emblem of Nepal. The word "sahdev" is also added to the name of the king   Birendra Bir Bikram .On the other side shree bhavani is written in devnagri along with the denomination of the coin  i.e. 10 paisa.Nothing is written in any other script other than the devnagri script this adds to the point that it was the world's only country to have Hinduism as its state religion
The coin is made up of pure Aluminium .The softness of this coin can be guessed from the fact that it can be misshaped by hands only

Friday, October 8, 2010

why the demand for 1964 1982 and 1995 one rupee note is so high

Atrader in old coins and notes, purchased 30 one-rupee notes -- the first ones printed by the government after Independence -- bearing the signature of the then finance secretary of India, K R K Menon.He paid Rs 1,350 for each note.All bank notes of India carry the signature of Reserve Bank of India's Governor's signature except the 1 Rupee note which has the Finance secretary's signature. The first Finance Secretary was KRK Menon and the first RBI governor was CD Deshmukh. Some of the Re 1 notes printed in 1964, bearing the signature of the then finance secretary, S Bhoothalingam, are at present available on ebay.com for Rs 25,500 each.However, all old currency notes do not appreciate as rapidly in value. The availability of the note in the market is the main factor. For example: the Re 1 notes printed in December 1964 and signed by Bhoothalingam are very rare, but other notes signed by him in the subsequent months might be available in the market and may not fetch the same value. The Rupee note ceased to be in existence in 1995.That is why demand of  one rupee note of 1995 is very very high.

Saturday, October 2, 2010

5 Rupee Coin 1989


The first five rupee coin was first minted in Independent India in 1985 it was not a circulation coin it was a commemorative coin issued  on the death of Indira Gandhi.It was a copper-nickel coin  the size of the coin was very big ,the diameter of the coin was 30mm.The normal coins in circulation were 22-25 mm.The coin made of the same metal was issued in 1989 to commemorate the Centennial of Pandit Jawaharlal Nehru's birth.The size was also similar to the 1985 coin .The normal 5 rupee coin for circulation was first minted in 1992 having a smaller size.

Jawaharlal Nehru was born on 14th November ,1889 and the year marked the 1st Centennial of Pandit Jawaharlal Nehru , a set of three coins of 100, 5 and 1 rupee were issued with his portrait in 1989. .The government issued this coin as a respect to the first prime minister of India who was also the father of Smt Indira Gandhi on whose death  a similar 5 rupee coin was issued .The same coin was issued on the death of Indira Gandhi and the Centennial of Pandit Jawaharlal Nehru's birth.
The coin is a large coin showing one side of  Pandit Jawaharlal Nehru's face the portrait  is of right side of the face similar to that of the coin of Indira Gandhi potrayed on the right side unlike the Queen Victoria in the British India coins where she is portrayed on the left side .The image of Pandit Jawaharlal Nehru is shown wearing a  Gandhi Topi(cap) and is shown wearing a Indian kurta wheras in the  1964 coin he is shown without the cap and only the face is shown

Thursday, September 23, 2010

1983 Fisheries coin (20 Paisa)

The Food and Agriculture Organization of the United Nations (FAO) is a specialised agency of the United Nations that leads international efforts to defeat hunger. Serving both developed and developing countries, FAO acts as a neutral forum where all nations meet as equals to negotiate agreements and debate policy. FAO is also a source of knowledge and information, and helps developing countries and countries in transition modernise and improve agriculture, forestry  and fisheries practices, ensuring good nutrition  and food security for all.Fifteenth Session of the Committee on Fisheries, was held in Rome from 10 to 19 October 1983. The session also constituted the technical phase of the FAO World Conference on Fisheries Management and Development.Various countries issued commemorative coins on 'FAO' like Cyprus, Bangladesh ,India, Philippines and many more in the year 1983.India issued a 20 Paisa Aluminum coin  hexagonal in shape having a diameter of 26 x 24.5 mm and weight 2.2 gm.India and cuba depicted fisheries on their coin .It was the last commemorative coin issued on 20 paisa.ON one side two men are seen catching a fish using a net and in the background their boat is seen."Fisheries" is written in english and 'Matsya Udyog' is written in hindi with the year 1983 written at the top.Border is also provided in the coin.On the reverse side the denomination along with the Ashoka Sthamba is depicted.

Thursday, September 16, 2010

10 Paisa 1980



The first 10 paisa coin was struck in copper-nickel  in 1957 it was a coin of "Naye Paise" series .The shape of 10 paisa coin was Scalloped and it weighted 5 gram .From 1964 the "Naye Paise" term was dropped from the coin and the coin was minted in Aluminium and Manganese the shape remained the same  but the size increased from 23mm to 26 mm.In between 1968 to 1971 a  similar but  smaller 10 paisa coin of nickel-brass came into circulation.The pure Aluminium coin  came into circulation in 1971.This 1980 commemorative coin was issued in 1980  for "Rural Women's Advancement".It was a pure Aluminium coin whose diameter was 26 mm.This coin was very disimilar from the prevailing 10 paisa coin.On one side of the coin the Ashoka Sthamba is shown along with the denomination which is the specialty  of any commemorative coin .On the other side a women is shown doing some household work like washing clothes and behind her a thatched hut is shown which signifies a village house and "Rural Women Advancement" is written on the coin in English and Hindi along with the year 1980.The coin was issued in 1980 because the government had long been emphasizing the need for the development of rural women and their involvement in developmental activities five decades of planned development in India have not achieved much for women, especially rural women.A systematic analysis of the status and role of women in rural development strategies started with the National Plan of Action for Women (1976). For the first time a chapter on Women and Development appeared in the Sixth Five year plan (1980-85).

Tuesday, August 24, 2010

Old 5 paisa of India(1967)




The five paisa was first struck in 1957 in copper and nickel .It was the "Naya Paisa" series coin with the word "नये पैसे " written over it .In the brief period from 1964 the term "Naye Paise"was dropped from the Nickel-copper series coin.In all the five paisa coin struck in Aluminium after 1966 the word "Naye Paise " was replaced by "paanch paise" .The 5 paisa coin was struck in Aluminium-Magnesium and weighted 1.5 g and was square in shape and its diagonal measured 22mm. and on one side "रूपये का बी सवा भाग " ,"20th part of an Rupee" was written along with the denomination .Nothing is written in english on this side and on the reverse side Ashoka Sthamba is inscribed along with the word "Bharat " and "India".

Sunday, August 15, 2010

Old ten rupee note of India

The most commonly used symbols for the rupee are Rs., or as Re. or रू or ரூ(tamil) or రూ. (Telugu).
In 1861, the Government of India introduced its first paper money, 10 rupee in 1864, 5 rupees in 1872, 10,000 rupees in 1899, 100 rupees in 1900, 50 rupees in 1905, 500 rupees in 1907 and 1000 rupees in 1909. In 1917, 1 and 2½ rupees notes were introduced.
The Reserve Bank of India began note production in 1938, issuing 2, 5, 10, 50, 100, 1000 and 10000 rupee notes, while the Government continued to issue 1 rupee notes.Rs.10, Rs.20, Rs.50 and Rs.100 notes issued earlier and which are still in circulation contain the Ashoka Pillar watermark and Ashoka Pillar effigy.It is a 10 rupee note which was in circulation from 1957 to 1962.The size of the note is large compared to our contemporary notes.The dimension of this note is  146x83mm .One main thing missing from this Indian banknote is the image of  Mahatma Gandhi .This is because   the Mahatma Gandhi  series began in 1996.In all the Indian banknotes before 1996 one will find the "Ashoka Sthamba" in place of the image of  Mahatma Gandhi.The watermark symbol is also the Ashoka Sthamba  in place of  Mahatma Gandhi..All the banknotes except the one rupee note bear the signature of The governor of The Reserve Bank of India.This banknote has been signed by the then Governor of RBI  Mr. P. C. Bhattacharya.On the reverse side of the banknote is depicted a sailing boat (A dhow ) and below the boat the logo of RBI is shown.The word "ten Rupees" is written in 13 languages.An island is seen behind the sailing boat .The idea conveyed by the sailing boat in the sea  is very difficult to guess.Maybe India was a paradise for ancient sailors maybe a reason for depicting this scene .The notes having smaller dimensions replaced the notes that is shown here this was done for economic reasons, to reduce the cost of paper and printing costs, it also  helped in bringing the notes to a handy size.

Wednesday, August 4, 2010

Indira gandhi 50 paisa (1985)

The Indira Gandhi coin of 1985 was issued on the occasion of the infamous assassination of  then prime minister Mrs. Indira Gandhi (on 31st october ,1984).Earlier commemorative  coins had been issued after the death of Pandit Jawaharlal Nehru in 1964 .Smt  Indira Gandhi was the daughter of Pandit Jawaharlal  Nehru and when the coin was issued in 1985 Indira Gandhi's son Rajiv Gandhi was the Prime minister of India.  A 50 paisa coin was issued on the death of  Pandit Jawaharlal Nehru.The 1985 coin of Indira Gandhi was a copper-nickel coin having a diameter of 23mm.

One of the other interesting fact about this coin is that  there are 3 recognised mule coins from the Republic of India.  One is the 10 Paise coin issued in 1979 to commemorate 'International Year of the Child'.  The mule coins has the obverse of the 1978 Ten Paise coin commemorating 'Food and Work for All'.  Second is the 50 Paise issued in 1985 to commemorate the death of Indira Gandhi.  The mule coin has the obverse of the 50 Paise coin commemorating 'Fisheries' also minted in 1985.  The third is the 50 Paise 'Fisheries' 1985.  The mule has the obverse of the 50 Paise Indira Gandhi 1985 coin.The obverse of a common Indira Gandhi 50 Paise and Fisheries 50 Paise can be easily distinguished by the presence of a line made of dots on the rim of the Indira Gandhi coin.



In numismatics, a mule is a coin or medal minted with obverse and reverse designs not normally seen on the same piece. These can be intentional or produced by error. This type of error is highly sought after, and examples can fetch steep prices from collectors.
 Opinion is divided between those who think that they are accidental, the result of an incorrect combination of a new die with one that had officially been withdrawn from use, or the work of coiners working with dies stolen from an official mint, perhaps at a time when one of them should have been destroyed.
The name derives from the mule, the hybrid offspring of a horse and a donkey, due to such a coin having two sides intended for different coins, much as a mule has parents of two different species.

Tuesday, July 20, 2010

2 Rupees Indian Banknote

This banknote was first issued  on  16th April 1976 and it bore the signature of   K. R. Puri , a member of the Indian Civil Service ,Governor Reserve Bank of India since 20th August 1975 to 21st May 1977.He was the Chairman and Managing Director of the Life Insurance Corporation of India prior to his appointment as Governor of the RBI .This note shown above is a 1985 banknote and  it contains the signature of  R. N. Malhotra.R. N. Malhotra was the seventeenth governor of the Reserve Bank of India, serving from 4 February 1985 to 22 December 1990.This banknote is the smallest denomination banknote issued by the RBI.

               

The size of this banknote is 107 X 63 mm.On one side of the banknote  we can see the value in Hindi left bottom, Reserve Bank of India monogram  on top right hand side .The watermark  is in a Oval shape window, Askokan Pillar is used  as watermark with 6 wheels in background.Two rupees is written in13  Regional language on front of the Banknote.On the front side these words are signed by the Governor of the RBI."I promise to pay the bearer the sum of two rupees" in english and Hindi.On the reverse side we have the image of Indian Satellite ' Aryabhata 'in space.Aryabhata was India's first satellite, named after the great Indian astronomer of the same name. It was launched by the Soviet Union on 19 April 1975 from Kapustin Yar using a Cosmos-3M launch vehicle.To commemorate this achievement this image was printed on the two rupees note.

The cost of printing and servicing these notes was,  not commensurate with their life. Printing of these notes was, therefore, discontinued.Production of 2 Rupees denomination was discontinued since February 1995 by Government of India

Thursday, July 15, 2010

News:Cabinet approves new rupee symbol

The Union Cabinet on Thursday approved the new symbol for the Indian rupee - an amalgam of the Devnagiri 'Ra' and the Roman capital 'R' without the stem.
The symbol, designed by an Indian Institute of Technology (IIT) postgraduate D Udaya Kumar, was selected from among five shortlisted symbols before the cabinet, information and broadcasting minister Ambika Soni said after the cabinet meeting."My design is based on the Tricolour with two lines at the top and white space in between. I wanted the symbol for the Rupee to represent the Indian flag. It is a perfect blend of Indian and Roman letters: a capital 'R', and Devnagari 'Ra', which represent rupiya, to appeal to international and Indian audiences. After working on the design for few months, I shortlisted eight to 10 designs and then refined them further till I got this one," said Kumar. It would take about six months in India and about two years to make it recognized internationally.The government had organised a symbol design competition with a prize of Rs 2.5 lakh for the winner.  Five designs were shortlisted. D Udaya Kumar had submitted more than one design.The contestants were asked to design a symbol that would be the Hindi alphabet Ra with two lines - to  "reflect and capture the Indian ethos and culture"
The growing influence of the Indian economy in the global space is said to have prompted this move. The Rupee will join the select club of global currencies like the US dollar, the British Pound, European Euro and Japanese Yen that have unique symbols.

Right now, the abbreviation for the Indian Rupee, 'Re' or 'Rs' is used by India's neighbours Pakistan, Nepal and Sri Lanka as well.

Sunday, July 11, 2010

50 paisa coin of 1972



        A 50 paisa  commemorative  coin was issued  on 16th August 1972. to mark the 25th anniversary of our independence  all the previous version of 50 paisa coin were struck in nickel,but this 50 paisa coin was struck in copper and nickel  ( 75% Cupper + 25% Nickel ).India gained its independence 0n 15th August,1947 and on 15th August ,1972 India was celebrating 25th year of  its independence  and it was called the silver jubilee of India's independence to commemorate the 25th year of India's  independence this coin was issued .On one side a man and a women holding the Indian Tricolour infront of the Indian Parliament is depicted and  "२५वि  स्वअतन्त्र्य जयंती "  is written on one side which means "25th Independence anniversary.The picture man and women symbolizes the equality of men and women in Independent India. On the other side The Ashoka sthamba is depicted with the 50 paisa mark.A set of 2 commemorative coins in the denomination of Rs. 10, and 50 paise were issued for general circulation.


       

Tuesday, July 6, 2010

One rupee 1981 Currency note




Among the earliest issues of paper rupees were those by the Bank of Hindustan (1770–1832), the General Bank of Bengal and Bihar (1773–75, established by Warren Hastings), the Bengal Bank (1784–91), amongst others.The Paper Currency Act of 1861 gave the Government the monopoly of note issue throughout the vast expanse of India, which was a considerable task. Eventually, the management of paper currency was entrusted to the Mint Masters, the Accountant Generals and the Controller of Currency.After Independence of India, the government brought out the new design Re. 1 note in 1949. Initially it was felt that the King's portrait be replaced by a portrait of Mahatma Gandhi. Finally however, the Lion Capital of Asoka was chosen. The new design of notes were largely along earlier lines. In 1953, Hindi was displayed prominently on the new notes. The economic crisis in late 1960s led to a reduction in the size of notes in 1967.

The  one rupee note of India is most unique in its nature .It doesnot bear the signature of The Governor of Reserve Bank of India but it is signed by the Finance secretary of India .In India, the Permanent Secretary - level civil servant, who plays a leadership role in the bureaucracy of the Finance Ministry is known as the Finance Secretary.One rupee note is referred as currency note and rest higher denominations are called bank notes this is because for one rupee note  finance ministry has the authority to issue or print these notes so finance secretary will sign where as for other denominations only RBI governor has authority to issue or print.The Reserve Bank of India began note production in 1938, issuing 2, 5, 10, 50, 100, 1000 and 10000 rupee notes, while the Government continued to issue 1 rupee notes.The one rupee  is not the actual legal tender of the country.  On one side of  the note we can see a large Circular  watermark window with Ashokan Pillar as watermark and one Rupee in Hindi in the centre. Front of 1 Rupee coin image on top right.The colour of the note is Blue, Brown, Pink and Deep Purple .The note is signed by R. N. Malhotra who lateron became a reserve bank governor .On the reverse side there is a image of  'Sagar Samrat' offshore oil rig and  back of 1 Rupee coin image on top left side.Production of 1 Rupee denomination was discontinued since March 1994 by Government of India

Thursday, July 1, 2010

1976 Indian Rupee Coin



In most parts of India, the rupee is known as the rupee, rupaya (Hindi), rupiyo in Gujarati (રૂપિયો), roopayi in Telugu (రూపాయి), Tulu (ರೂಪಾಯಿ) and Kannada (ರೂಪಾಯಿ), rubai in Tamil (ரூபாய்), roopa in Malayalam (രൂപ), rupaye in Marathi (टी) or one of the other terms derived from the Sanskrit रूप्यकम् rupyakam) (Devanagari: रूप्यकं), raupya meaning silver; rupyakam meaning (coin) of silver. However, in West Bengal, Tripura, Mizoram, Orissa, and Assam, the Indian rupee is officially known by names derived from the Sanskrit तनक Tanka. Thus, the rupee is called টাকা Taka in Bengali, টকা tôka in Assamese, and ଟଙ୍କା Tôngka in Oriya, with the symbol T


After Independence of India, the government brought out the new design Re. 1 note in 1949. Initially it was felt that the King's portrait be replaced by a portrait of Mahatma Gandhi. Finally however, the Lion Capital of Asoka was chosen. The new design of notes were largely along earlier lines. In 1953, Hindi was displayed prominently on the new notes. The economic crisis in late 1960s led to a reduction in the size of notes in 1967. The very considerable costs of managing note issues of Re 1 led to the gradual coinisation



Immediately after independence, the British coinage was continued. The Monetary System remained unchanged at One Rupee consisting of 64 pice, or 192 pies. The "Anna Series" was introduced on 15 August, 1950. this was the first coinage of Republic of India. The King's Portrait was replaced by the Asoka's Lion Capital. A corn sheaf replaced the Tiger on the one Rupee coin. The monetary system was retained with one Rupee consisting of 16 Annas. The 1955 Indian Coinage (Amendment) Act, that came into force with effect from 1 April 1957, introduced a "Decimal series". The rupee was now divided into 100 'Paisa' instead of 16 Annas or 64 Pice.In 1960’s a new one rupee coin was issued which was bigger in size and weight .”BHARAT” was written on the Ashoka Sthamba side in india along with india.The famous slogan of “SATAYAMEV JAYTAE” was not included below the Ashoka Sthamba till that time.The weight of that coin was 10 gm and the diameter was 28 mm.Nickel was used because of its non-rusting property.This coin was continued till 1980.

Saturday, June 26, 2010

1862 Queen Victoria Silver Coin

Alexandrina Victoria was the Queen regnant of the United Kingdom of Great Britain and Ireland from 20 June 1837, and the first Empress of India of the British Raj from 1 May 1876.Following the Proclamation of Empire in 1877, when the British Crown took over from the East India Company the administration of British India, Queen Victoria was considered to have gained Imperial status and assumed the title Empress of India. She was thus the Queen-Empress, and her successors, until George VI, were known as King-Emperors. This title was the shortened form of the full title, and in widespread popular use.After the Mughal Emperor was deposed by the British East India Company, and after the company itself was dissolved, the title "Empress of India" was taken by Victoria from 1 May 1876, and proclaimed at the Delhi Durbar of 1877. The title was created nineteen years after the formal incorporation into the British Empire of Britain's possessions and protectorates on the Indian subcontinent. Prime Minister Benjamin Disraeli is usually credited with creating the title for her.Therefore all the coins before 1876 had the inscription written "VICTORIA QUEEN "."Victoria Empress" is inscribed for coins dated 1877 - 1901.

Sunday, June 20, 2010

20 PAISA BRASS COIN OF 1971

In 1968 a 20 paise brass coin was minted by india .In those days Aluminium series coins were very in use this  brass coin was very peculiar in those times.The coin has a lotus on one side with the denomination and the year inscribed on one side . The 20-paise coins, have the image of lotus  embossed on it and so they are fixed at the entrance of buildings and prayer rooms in those days .They also possed ornamental value as ankle chains and imitation jewellery were made out of these coins.On the other side the national embelem "The Ashoka Sthambha" is inscribed without the slogan "Satyamev Jayte".The 20 paisa brass coin was removed from circulation because it was melted down in large numbers because of its metal value

Monday, June 14, 2010

Aluminium series coins



With commodity prices rising in the sixties, small denomination coins which were made of bronze, nickel-brass, cupro-nickel, and aluminium-bronze were gradually minted in aluminium. This change commenced with the introduction of the new hexagonal 3 paise coin. A twenty paise coin was introduced in 1968 but did not gain much popularity.The one paisa coin of Aluminium-Magnesium metal weighing 0.75 gram and square in shape having diagonal lenghth 17mm was a aluminium series coin.The two paisa coin was Scalloped in shapeand was made up of Aluminium-Magnesium metal weighing one gram.The 1971 two paisa coin is depicted here. In 1964  a new denomination the 3 paise was introduced The three paisa coin of  aluminium series was also made of Aluminium-Magnesium metal weighing 1.25 gram and was hexagonal in shape .A 1966 3 paisa coin is depicted here