Old Currency Value In: India won its independence on 15th August 1947. During the period of transition, India retained the monetary system and the currency and coinage of the earlier period and introduced a new distinctive series of coins on 15th August 1950. Chronologically, the main considerations influencing the coinage policy of the Republic of India over time have been: old indian currency value in market
The incorporation of symbols of sovereignty and indigenous motifs on independence;
- Coinage Reforms with the introduction of the metric system;
- The need felt from time to time to obviate the possibility of the metallic value of coins rising beyond the face value;
- The cost-benefit of colonisation of currency notes
In Hindi:
Contents
Old Currency Value In: भारत ने 15 अगस्त 1947 को अपनी स्वतंत्रता हासिल की। संक्रमण की अवधि के दौरान, भारत ने पहले की अवधि की मौद्रिक प्रणाली और मुद्रा और सिक्के को बरकरार रखा और 15 अगस्त 1950 को सिक्कों की एक नई विशिष्ट श्रृंखला पेश की। कालानुक्रमिक रूप से, सिक्के को प्रभावित करने वाले मुख्य विचार समय के साथ गणतंत्र भारत की नीति रही है:
स्वतंत्रता पर संप्रभुता और स्वदेशी रूपांकनों के प्रतीकों का समावेश;
- मीट्रिक प्रणाली की शुरूआत के साथ सिक्का सुधार;
- सिक्कों के धात्विक मूल्य के अंकित मूल्य से ऊपर उठने की संभावना को समाप्त करने के लिए समय-समय पर आवश्यकता महसूस की गई;
- करेंसी नोटों के औपनिवेशीकरण का लागत-लाभ
Independent India Issues could broadly be categorised as follows:
The Frozen Series 1947-1950
This represented the currency arrangements during the transition period up to the establishment of the Indian Republic. The Monetary System remained unchanged at One Rupee consisting of 192 pies.
- 1 Rupee = 16 Annas
- 1 Anna = 4 Pice
- 1 Pice = 3 Pies
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The Anna Series
This series was introduced on 15th August 1950 and represented the first coinage of the Republic of India. The King’s Portrait was replaced by the Lion Capital of the Ashoka Pillar. A corn sheaf replaced the Tiger on the one Rupee coin. In some ways, this symbolised a shift in focus to progress and prosperity. Indian motifs were incorporated on other coins. The monetary system was largely retained unchanged with one Rupee consisting of 16 Annas.
| Denomination | Metal |
| Rupee One | Nickel |
| Half Rupee | Nickel |
| Quarter Rupee | Nickel |
| Two Anna | Cupro Nickel |
| Half Anna | Cupro Nickel |
| One Anna | Cupro Nickel |
| One Pice | Bronze |
The Decimal Series
The move towards decimalisation was afoot for over a century. However, it was in September 1955 that the Indian Coinage Act 1906 was amended to pave the way for the country to adopt a metric system for coinage. The amended Act came into force with effect on 1st 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 1st June 1964, when the term ‘Naya’ was dropped. The value is described in Hindi explaining the value as equal to the hundredth part of one rupee.
Naya Paisa Series 1957-1964
| Denomination | Metal Weight Shape Size |
| Rupee One | Nickel 10 gm Circular 28 mm |
| Fifty Naye Paise | Nickel 5 gm Circular 24 mm |
| Twenty-Five Naye Paise | Nickel 2.5 gm Circular 19 mm |
| Ten Naye Paise | Cupro-Nickel 5 gm Eight Scalloped 23 mm (across scallops) |
| Five Naye paise | Cupro-Nickel 4 gm Square 22 mm (across corners) |
| Two Nayer Paise | Cupro-Nickel 3 gm Eight Scalloped 18 mm (across scallops) |
| One Naye Paise | Bronze 1.5 gm Circular 16 mm |
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Paisa Series 1964 onwards (The word ‘Naya’ dropped and value in words added)
| Denomination | Metal Weight Shape Size |
| Fifty Paise | Nickel 5 gm Circular 24 mm |
| Twenty-Five Paise | Nickel 2.5 gm Circular 19 mm |
| Ten Paise | Cupro-Nickel 5 gm Eight Scalloped 23 mm (across scallops) |
| Five Paise | Cupro-Nickel 4 gm Square 22 mm (across corners) |
| Two Paise | Cupro-Nickel 3 gm Eight Scalloped 18 mm (across scallops) |
| One Paisa | Bronze 1.5 gm Circular 16 mm |
Metal Changes for small coins up to 20 Paise
In 1965, the elaborate descriptions were dropped and the word ‘paisa’/ ‘paise’ was used both in Hindi and English.
| Denomination | Metal Weight Shape Size |
| Rupee One | Cupro-Nickel 8 gm Circular 28 mm |
| Fifty Paise | Cupro-Nickel 5 gm Circular 24 mm |
| Twenty-Five Paise | Cupro-Nickel 2.5 gm Circular 19 mm |
| Twenty Paise | Nickel-Brass 4.5 gm Circular 22 mm |
| Ten Paise | Aluminium-Magnesium 2.3 gm Scalloped 26 mm (across scallops) |
| Ten Paise | Nickel-Brass 4.24 gm Eight Eight Scalloped 23 mm |
| Five Paise | Aluminium-Magnesium 4 gm Square 22 mm (Diagonal) |
| Three Paise | Aluminium-Magnesium 1.25 gm Hexagonal 21 mm (Diagonal) |
| Two Paise | Aluminium-Magnesium 1 gm Scalloped 20 mm (across scallops) |
| One Paisa | Aluminium-Magnesium 0.75 gm Square 17 mm (Diagonal) |
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Weight Reduced
| Denomination | Metal Weight Shape Size |
| Rupee One | Cupro-Nickel 6 gm Circular 26 mm |
| Fifty Paise | Cupro-Nickel 5 gm Circular 24 mm |
| Twenty Paise | Aluminium-Magnesium 2.2 gm Hexagonal 26 mm (diagonal) 24.5 mm (across flats) |
| Ten Paise | Aluminium-Magnesium 1.75gm Scalloped 23 mm (across scallops) |
| Five Paise | Aluminium-Magnesium 1.5 gm Square 22 mm (Diagonal) |
Ferritic Stainless Steel (Metal Changes)
Over a period of time, cost-benefit considerations led to the gradual discontinuance of 1, 2 and 3 paise coins in the seventies; stainless steel coins of 10, 25 and 50 paise, were introduced in 1988 and of one rupee in 1992. The considerable costs of managing note issues of Re 1, Rs 2, and Rs 5 led to the gradual coinisation of these denominations in the 1990s. New designs depicting Rhinoceros on 25 paise and the Indian Parliament superimposed on the India map on 50 paise were introduced in ferritic stainless steel.
| Denomination | Metal Weight Shape Size |
| Rupee One | Ferritic Stainless Steel 4.85 gm Circular 25 mm |
| Fifty Paise | Ferritic Stainless Steel 3.79 gm Circular 22 mm |
| Twenty-Five Paise | Ferritic Stainless Steel 2.83 gm Circular 19 mm |
| Ten Paise | Ferritic Stainless Steel 2 gm Circular 16 mm |
New Denominations of Rs. 2 and Rs. 5
In 1982, the Rs. 2/- coin was introduced depicting the India map superimposed with the national flag explaining National integration. In 1992, the Rs. 5/- definitive coin in cupro-nickel was introduced to supplement the paper currency. Lotus buds and flowers with stems and leaves became the main motif of this denomination. The lotus symbol was re-introduced in the Rupee symbol series in 2011 for all denominations except Rs. 10/-. old indian currency value in international market
| Denomination | Metal Weight Shape Size |
| Five Rupees | Cupro-Nickel 9 gm Circular 23 mm |
| Two Rupees | Cupro-Nickel 8 gm Circular 28 mm |
| Two Rupees | Cupro-Nickel 6 gm Eleven sided 26 mm |
Unity in Diversity
In 2005, a series namely Unity in Diversity was introduced in denominations of Re. 1/- followed by Rs. 2/- and Rs. 10/- in 2005. These issues, however, came into circulation in 2006. The Unity in Diversity has intersecting line/s with 4 dots.
2005-06 Unity in Diversity Series
| Denomination | Metal Weight Shape Size |
| Ten Rupees | Bimetallic Cupro-Nickel in Center Aluminium Bronze in the outer ring 7.71 gm Circular 27 mm |
| Two Rupees | Ferritic Stainless Steel 5.62 gm Circular 27 mm |
| Rupee One | Ferritic Stainless Steel 4.85 gm Circular 25 mm |
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Nritya Mudra
In 2007 a new series known as ‘Nritya Mudra’ was introduced in the denominations of 50 paise, Re. 1/- and Rs. 2/-. These coins were of ferritic stainless steel. The gestures used on the 50 paise were “Clenched Fist”, on Re. 1/- “Thumbs Up” and on Rs. 2/- was “Two Fingers”
2007 Nritya Mudra Series
| Denomination | Metal Weight Shape Size |
| Two Rupees | Ferritic Stainless Steel 5.62 gm Circular 27 mm |
| Rupee One | Ferritic Stainless Steel 4.85 gm Circular 25 mm |
| 50 Paise | Ferritic Stainless Steel 3.79 gm Circular 19 mm |
2007-09 Connectivity and Information Technology Series
| Denomination | Metal Weight Shape Size |
| Ten rupees | Bimetallic Cupro-Nickel in Center Aluminium Bronze in the outer ring 7.71 gm Circular 27 mm |
| Five Rupees | Ferritic Stainless Steel 6 gm Circular 23 mm |
| Five Rupees | Nickel Brass 6 gm Circular 23 mm |
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Rupee Symbol (₹)
In 2011, the Rupee symbol (₹), the identity mark of the Indian rupee was introduced in denominations of ₹1, 2 and 5 depicting lotus buds and flowers with stems and leaves on either side of the denominational value. The ₹10 coins continued to be issued in bi-metal as previously with ‘₹’ above the numeric value with ten rays instead of fifteen. A New 50 paise denomination was also issued in the new series.
2011 Rupee Symbol Series
| Denomination | Metal Weight Shape Size |
| Ten rupees | Bimetallic Cupro-Nickel in Center Aluminium Bronze in outer ring 7.71 gm Circular 27 mm |
| Five Rupees | Nickel Brass 6 gm Circular 23 mm |
| Two Rupees | Ferritic Stainless Steel 4.85 gm Circular 25 mm |
| Rupee One | Ferritic Stainless Steel 3.79 gm Circular 22 mm |
| 50 Paise | Ferritic Stainless Steel 2.83 gm Circular 19 mm |
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FAQs on Old Currency Value In
Do old coins have value?
If you are having any old coin of 25 paise, you can get Rs 1.5 lakh. This may sound strange and funny, but it is true. You can earn the money after selling the old and rare coins to those who love to collect them and are ready to shell out a hefty amount in exchange for the old coin
What is the price of 100 year old coin?
25 lakh. It is a silver coin and has been included in the Victorian category.
What is the value of 1 rupee old coin?
According to reports, Rs 1 coin with an ‘H’ mark and minted in 1985 can be sold for Rs 2.5 Lakh. One of these coins was auctioned at such a high price a few years ago.
What is expensive coin?
The most expensive coin in the world is the 1794/5 Flowing Hair Silver/Copper Dollar. Several expert Numismatic researchers believe that this was the very first silver coin to be minted and issued by the U.S Federal Government. old currency value chart in india