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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.

1 comment:

  1. i have 10 coins of 25 paisa 1962 rupye ka choutha bhaag mujhe bechna hai please tell me the price value my email i d is hak_stp@indiatimes.com