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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.