www old currency value in, About Indian Rupees, Banknotes, Pre & Post Independence Issues, FAQs

www old currency value in, About Indian Rupees, Banknotes, Pre & Post Independence Issues, FAQs

www old currency value in- Old coins can be hard to identify and put values or prices on if you don’t even know what the old coin is called. Is your old coin made of silver or gold? What country is the old coin from? Are the inscriptions in English, Hindi or some other foreign language? Does the coin look brand-new, or is it so worn that it is barely identifiable? Is it a real coin or some sort of gaming or trade token?

Questions like these can confuse a person who is unfamiliar with the hobby of numismatics, also known as coin collecting. However, if you take a logical approach to your task at hand, it can be quite enjoyable, and maybe you just might find a rare and valuable coin in your possession.

In Hindi:

यदि आप यह भी नहीं जानते कि पुराने सिक्के को क्या कहा जाता है, तो पुराने सिक्कों को पहचानना और उन पर मूल्य या कीमतें लगाना मुश्किल हो सकता है। क्या आपका पुराना सिक्का चांदी या सोने का बना है? पुराना सिक्का किस देश का है? क्या शिलालेख अंग्रेजी, हिन्दी या किसी अन्य विदेशी भाषा में हैं? सिक्का बिल्कुल नया दिखता है क्या? या यह इतना घिसा हुआ है कि मुश्किल से पहचाना जा सकता है? क्या यह एक वास्तविक सिक्का है या किसी प्रकार का गेमिंग या व्यापार टोकन है?

इस तरह के प्रश्न एक ऐसे व्यक्ति को भ्रमित कर सकते हैं जो मुद्राशास्त्र के शौक से अपरिचित है, जिसे सिक्का संग्रह के रूप में भी जाना जाता है। हालाँकि, यदि आप अपने काम के लिए तार्किक दृष्टिकोण अपनाते हैं, तो यह काफी सुखद हो सकता है, और हो सकता है कि आपको अपने कब्जे में एक दुर्लभ और मूल्यवान सिक्का मिल जाए।

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About Indian Rupees

The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of the denomination of 1 rupee are the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934.

In 2010, a new rupee sign (₹) was officially adopted. It was derived from the combination of the Devanagari consonant “र” (ra) and the Latin capital letter “R” without its vertical bar. Then the parallel lines at the top (with white space between them) are said to make an allusion to the tricolour Indian flag,[9] and also depict an equality sign that symbolises the nation’s desire to reduce economic disparity. The first series of coins with the new rupee sign started in circulation on 8 July 2011. Before this, India used “₨” and “Re” as the symbols for multiple rupees and one rupee, respectively.

On 8 November 2016, the Government of India announced the demonetisation of ₹500 and ₹1,000 banknotes with effect from midnight of the same day; making these notes invalid. A newly redesigned series of ₹500 banknotes; in addition to a new denomination of ₹2,000 banknotes is in circulation since 10 November 2016.

From 2017 to 2019 the remaining banknotes of the Mahatma Gandhi New Series were released in denominations of ₹10, ₹20, ₹50, ₹100 and ₹200. The ₹1,000 note has been suspended.

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Old Coins (www old currency value in)
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Banknotes

Pre-independence issues

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Old 1 rupee note (British Indian one rupee note)

In 1861, the Government of India introduced its first paper money: ₹10 note in 1864, ₹5 note in 1872; ₹10,000 note in 1899, ₹100 note in 1900, ₹50 note; in 1905, ₹500 note in 1907 and ₹1,000 note in 1909. In 1917, ₹1 and ₹21⁄2 notes were introduced. The Reserve Bank of India began banknote production in 1938, issuing; ₹2, ₹5, ₹10, ₹50, ₹100, ₹1,000 and ₹10,000 notes; while the government continued issuing ₹1 notes but demonetized the ₹500 and ₹21⁄2 notes.

Old 500 rupees note

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Post-independence issues

First banknote of independent India, one rupee (1949)

After independence, new designs were introduced to replace the portrait of George VI. The government continued issuing the Re1 note; while the Reserve Bank of India (RBI) issued other denominations (including the ₹5,000 and ₹10,000 notes introduced in 1949). So all pre-independence banknotes were officially demonetised with effect from 28 April 1957.

During the 1970s, ₹20 and ₹50 notes were introduced; denominations higher than ₹100 were demonetised in 1978. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995.

10 Rupees banknote from the 1990s

The design of banknotes is approved by the central government, on the recommendation of the central board of the Reserve Bank of India.[5] Currency notes are printed at the Currency Note Press in Nashik, the Bank Note Press in Dewas, the Bharatiya Reserve Bank Note Mudran (P) Ltd at Salboni and Mysore and at the Watermark Paper Manufacturing Mill in Hoshangabad. The Mahatma Gandhi Series of banknotes are issued by the Reserve Bank of India as legal tender. The series is so named because the obverse of each note features a portrait of Mahatma Gandhi. Since its introduction in 1996, this series has replaced all issued banknotes of the Lion Capital Series. The RBI introduced the series in 1996 with ₹10 and ₹500 banknotes. The printing of ₹5 notes (which had stopped earlier) resumed in 2009.

So as of January 2012, the new ‘₹’ sign has been incorporated into banknotes of the Mahatma Gandhi Series in denominations of ₹10, ₹20, ₹50, ₹100, ₹500 and ₹1,000. In January 2014 RBI announced that it would be withdrawing from circulation all currency notes printed prior to 2005 by 31 March 2014. The deadline was later extended to 1 January 2015. The deadline was further extended to 30 June 2016.

Old Note (www old currency value in)

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More about Banknotes

On 8 November 2016, the RBI announced the issuance of new ₹500 and ₹2,000 banknotes in a new series; after the demonetisation of the older ₹500 and ₹1000 notes. The new ₹2,000 banknote has a magenta base colour; with a portrait of Mahatma Gandhi as well as the Ashoka Pillar Emblem on the front. The denomination also has a motif of the Mars Orbiter Mission (MOM); on the back, depicting the country’s first venture into interplanetary space. The new ₹500 banknote has a stone grey base colour; with an image of the Red Fort along with the Indian flag printed on the back.

Both the banknotes also have the Swachh Bharat Abhiyan logo printed on the back. The banknote denominations of ₹200, ₹100 and ₹50 have also been introduced in the new Mahatma Gandhi New Series; intended to replace all banknotes of the previous Mahatma Gandhi Series. On 13 June 2017, RBI introduced new ₹50 notes, but the old ones continue being legal tender. The design is similar to the current notes in the Mahatma Gandhi (New) Series; except they will come with an inset ‘A’.

FAQs on www old currency value in

What is the value of the old 1 rupee?

If you are the owner of a 1985 Rs 1 coin with an H mark on it then you can earn lakhs of rupees. 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.

How can I sell my old coins?

To sell old coins, take low and medium-value coins to a reputable coin dealer, where you should be able to easily sell them. If you can’t find a local coin dealer, try visiting a travelling coin show so you can network with dealers and find someone to buy your coins

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Old 10 paise coin (www old currency value in)
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What is the value of 1 Anna?

An anna (or ānna) was a currency unit formerly used in British India, equal to 1⁄16 of a rupee. It was subdivided into four (old) Paisa or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise, one anna was therefore equivalent to 6.25 paise

Which old note is valuable?

For this, you need to have notes of 1, 2, 10, 100, 500, 200, and 2000 denominations with series number 786 on it. Notably, the notes with 786 digits printed on them are considered antique and rare. When a 100 rupees note with serial number 000786 is being sold for Rs 1,900 online.

What is the price of the 100-year-old coin?

25 lakh. It is a silver coin and has been included in the Victorian category.