The Coins of Republic India - 1950 Onwards

Friday, October 15, 2010

Right since India became Republic on 26th January, 1950 coins were minted at various mints in the country. The mints at which these coins were minted were identified by the locations. These are as follows:

B-Bombay Mint
C-Calcutta Mint
H-Hyderabad Mint
N-Noida Mint

No coins were minted by Indian Government right after it's independence on August 15th 1947 until 1950. During the period from 1947-1950, the Government of India continued using the coins that were in circulation i.e. the coins that were minted by the British. The Indian Government minted coins of 1947 until 1950. On 26th January 1950, the scenario changed after India became Republic. In 1949, the Government Mint produced 14 types of pattern proof coins made of Nickel, Cupro-Nickel Alloy or Brass. Their mintage was very few and each of them is much valued.

Following list describes the mintage of various coins of India:
HALF ANNA:
1950 B C, 1954 B, 1955 B

ONE ANNA:
1950 B C, 1954 B

TWO ANNA:
1950 B, 1954 B, 1955 B

ONE PICE:
1950 B C, 1951 BC, 1952 B, 1953BCH, 1954BCH, 1955BH,



1/2 Anna, 1 Anna, 2 Anna & 1 Pice (Obverse & Reverse)

On 15th August 1950, the Government of India started minting their own coins. The obverse of all the Indian coins show the 'lion capital' taken from the Asoka Pillar. The pillar was made by the mighty Asoka the Great (272 BC - 236 BC) who later embraced Budhism and preached 'ahimsa' which means 'no killing'. In 1950, the Government issued 1 Pice, 1/2 Anna, 1 Anna, 2 Annas, 1/4 Rupee, 1/2 Rupee and 1 Rupee coin for circulation. 4 Pice was equal to 1 Anna and 16 Annas were equal to 1 Rupee. All these coins have sharper finish than the later coins. So, these coins are in great demand. Also, some of these coins are slightly different compared to other issues, especially the 1 Pice, 1/2 Anna, 1 Anna and the 1 Rupee coins. This series, famously known as the 'Anna Series' prevailed upto 1957.

The Decimal Coinage was introduced in the year 1957. The 1 Rupee coin remained the same. All the others were changed. One Rupee became equal to 100 Paise. The denomination introduced were 1 Naya Paisa, 2 Naya Paise, 3 Naya Paisa, 5 Naya Paisa, 10 Naya Paisa, 25 Naya Paisa and 50 Naya Paisa. The word 'Naya' (meaning 'New' in Hindi) was meant to make the people familiarize with the new coins. 'Naya' means 'new'. The word 'Naya' was dropped after year 1964.

ONE PAISE:
1957BCH, 1958BH, 1959BCH, 1960BCH, 1961BCH, 1962BCH, 1963BCH, 1964BCH, 1965BH, 1966BCH, 1967BCH, 1968BCH, 1969BCH, 1970 C, 1971 H, 1972BH



1 Naya paisa & 1 Paisa (Obverse & Reverse)

TWO PAISE (NICKEL):
1957BC, 1958BC, 1959BC, 1960BC, 1961BC, 1962BC, 1963BC, 1964BC

TWO PAISE (ALUMINIUM):
1965BC, 1966BC, 1967BC, 1968BC, 1969B, 1970 BC, 1971C, 1972CH, 1973CH, 1974CH, 1975CH, 1976BH, 1977BH, 1978BH, 1979 H



2 Naye paise & 2 Paise (Obverse & Reverse)

THREE PAISE:
1964BC, 1965BC 1966BCH 1967BCH 1968BCH 1969CH 1970BC 1971CH
















3 paise (Obverse & Reverse)

FIVE PAISE (NICKEL):
1957BC 1958BC 1959BC 1960BCH 1961BCH 1962BCH 1963BCH 1964BCH 1965BCH 1966BC

FIVE PAISE (ALUMINIUM):
1967BCH 1968BCH 1969B 1970BCH 1971BCH 1972BCH 1973BCH 1974BCH 1975BCH 1976BCH
1977BCH 1978BCH 1979BCH 1980BCH 1981CH 1982BCH 1983CH 1984CH 1985BCH 1986CH 1987CH 1988CH 1989CH 1990BCH 1991CH 1992BH 1993CH 1994BCH


5 paise (Obverse & Reverse)

TEN PAISE (ALLOY):
1957BC 1958BC 1959BC 1960B 1961BCH 1962BCH 1963BCH 1964BCH

TEN PAISE (ALUMINIUM-BIG):
1971BCH 1972BC 1973BCH 1974BC 1975BC 1976C 1977BC 1978BCH 1979BCH 1980BCH 1981BC 1982CH

TEN PAISE (ALUMINIUM-SMALL):
1983BCH 1984BCH 1985BCH 1986BCH 1987CH 1988BCH 1989BCH 1990B 1991BCH 1993CH

TEN PAISE (STEEL):
1988BCHNF 1989BCHN 1990BCHN 1991CHN 1992N 1993H 1996BCH 1997BCH 1998BCH

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 rarest of the three mules is the 'Fisheries' mule. 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. The obverse of 'Fisheries 50 Paise' has no such lining.

There is only one Piefort (coins which has twice the weight of a common coin) issued by the Reserve Bank of India. That is the 100 Rupees Piefort issued in 1981 to commemorate 'International Year of the Child'. This coin is 58.320 grams of 0.925 silver.


10 paise types (Obverse & Reverse)

TWENTY PAISE:
1968BC 19A69BC 1970BCH 1971B

TWENTY PAISE (ALUMINIUM):
1982BH 1983BCH 1984BCH 1985BCH 1986BCH 1987CH 1988BCH 1989CH 1990CH 1991CH 1992H 1994H 1996H 1997H


20 paise types (Obverse & Reverse)

TWETY-FIVE PAISE:
1950BC 1951BC 1954C 1955BC 1956 C 1957BC 1959BC 1960BC 1961BC 1962BC 1963BC 1964BC 1965BC 1966BC 1967BC 1968C

TWENTY-FIVE PAISE (COPPER-NICKEL):
1972BCH 1973BCH 1974BCH 1975BCH 1976BCH 1977BCH 1978BCH 1979BCH 1980BCH 1981BCH 1982BC 1983C 1984BCH 1985BCHF 1986BCH 1987BCH 1988BCH 1989BC 1990B

TWENTY-FIVE PAISE (STEEL):
1988BCHNF 1989BCHN 1990BCHN 1991BCHN 1992BCHN 1993BCHN 1994BCHN 1995BCHN 1996BCHN 1997BCHN 1998BCHN 1999BCHN 2000BCHN 2001BCHN 2002BCHN


25 paise (1/4 Rupee) types (Obverse & Reverse)

FIFTY-PAISE:
1950BC 1951B 1954C 1955B 1956C 1960BC 1961BC 1962BC 1963BC 1964C 1967BC 1968BC 1969BC 1970BC 1971C

FIFTY-PAISE (COPPER-NICKEL):
1972BC 1973BCH 1974BCH 1975BCH 1976BCH 1977BCH 1978BC 1980BC 1983C 1984BCH 1985BCHF 1986BC 1987BCH 1988BCH 1989BCH 1990B

FIFTY-PAISE (STEEL):
1988BCHNF 1989BCHN 1990BCHN 1991BCHN 1992BCHN 1993BCHN 1994BCHN 1995BCHN 1996BCHN 1997BCHN 1998BCHN 1999BCHN 2000BCHN 2001BCHN 2002BCHN 2003BCHN


50 paise (1/2 Rupee) types (Obverse & Reverse)

ONE RUPEE:
1950B 1954B 1962C 1970B 1975BC 1976BC 1977B 1978BC 1979BC 1980BC 1981BC 1982B

ONE RUPEE (SMALL):
1983BC 1984BCH 1985BCF 1986BCH 1987BCH 1988BCH 1989BCH 1990BCH 1991BCH

ONE RUPEE (STEEL):
1992BCH 1993BCHN 1994BCHN 1995BCHN 1996BCHN 1997BCHNF 1998BCHNF 1999BCHNF 2000BCHNF 2001BCHN 2002BCHN 2003BCHN 2004BCHN

ONE RUPEE (CROSS):
2005C

From 1950 to 1968, the One Rupee coins were issued only in 4 years (1950, 1954, 1962, 1964). Each of them is recognised as a type by Krause. From 1969, the One Rupee is issued every year. However, the One Rupee coins for the years 1971, 1972, 1973 and 1974 are found only with the proof sets.

1 Rupee (100 Paise) types (Obverse & Reverse)

TWO RUPEE:
1990BCH 1992BCH 1993BCH 1994BCHN 1995BCHN 1996BCHN 1997BCHN 1998BCHNF 1999BCHNF 2000BCHNF 2001BCHN 2002BCHN 2003BCHN 2004 B

TWO RUPEE (CROSS):
2005BCHN 2006BCHN 2007 H


The 2 Rupee coin issued in 1985 to commemorate the Golden Jubilee of Reserve Bank of India can be found only in the Proof sets. Similarly, the 2 Rupee coin issued in 1991 to commemorate 'Tourism', the 5 Rupee coin issued in 1991 to commemorate 'Commonwealth Parliamentary Conference, and the 5 Rupee coin issued in 1991 to commemorate 'Tourism' can be found only in the UNC sets and the Proof sets.

2 Rupee types (Obverse & Reverse)

FIVE RUPEE:
1992BCH 1993BC 1994BCH 1995BCHN 1996BCHN 1997BCHN 1997BCHN 1998BCHN 2000BCHNF 2001BCHN 2002BCHN 2003BCHN 2004 B

5 Rupee types (Obverse & Reverse)


10 Rupee types (Obverse & Reverse)

The rarest coin issued by the Republic of India, is a 2 Rupee coin issued in 1992 by the Calcutta Mint to commemorate 'Land Vital Resource'. The coin is minted in Copper Nickel Alloy. The mintage of this coin is assumed to be less than 500. The Krause does not mention this coin. However, one can find this coin listed in the commemorative issued by the Calcutta Mint in its official website. It was issued as part of awareness campaign for conservation and promotion of scientific management of land resources. The coin was released by the then Honourable Minister for Agriculture, Mr.Sharad Pawar on 18-11-1993 during the National Resources Conservation Week which falls from 15th November to 21st of November. The 2 Anna coin issued in the year 1955 is also one of the rare coins of the India Republic.

As far as my knowledge goes, below coins of the India Republic are supposedly rare:
1) 1955 2 annas
2) 1960 1 rupee
3) 1970-1974 Big One Rupee coin (These are proof set coins)
4) 1993 2 rupee land resource
5) 1996 5 Rupee INTERNATIONAL CROP SCIENCE CONGRESS
6) 2004 1 rupee (Plus symbol)
7) 2004 2 Rupee (National Integration)
8) 2006 5 Rupee Tilakji
9) 2007 5 Rupee (Plus symbol)

There is another interesting coin. Its a 5 Rupee coin issued in 1996 to commemorate '2nd Crop Science Conference'. The conference was postponed all of a sudden and hence a very limited mintage of 11,000 were issued.

In 1968, the Government of India introduced the 20 Paise coins made of brass. Some people believed that these coins contain gold and hence it was melted to make ornaments and parts of weapons. These coins were issued until 1971.

From 1988, a smaller 10 Paise made of ferretic stainless steel was introduced. Some of these coins have an error. The word 'Bharat' written in Hindi language is wrongly written as 'Marat'.

Please feel free to leave in some comments that will help me and the numismatist community.


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