5 naye paise (Indian coin)

The Indian five naye paise (Hindi: पाँच नए पैसे) (singular: Paisa), was a unit of currency equaling ​1⁄20 of the Indian rupee. The symbol for paisa is p.

Not to be confused with 5 paise (Indian coin).
Five naye paise
पाँच नए पैसे
 India
Value​1⁄20 of Indian rupee
Mass4.0 g (62.5 gr)
Diameter22 mm (0.87 in)
Thickness1.67 mm (0.066 in)
EdgeSmooth
CompositionCupronickel
Years of minting1957-1963
Mintage4,294,967,295
Mint marks♦ = Mumbai
B = Mumbai proof issue
* = Hyderabad
⟐ = Hyderabad
No mark = Kolkata
CirculationDemonetized
Catalog numberKM# 16
Obverse
DesignState Emblem of India with country name.
Reverse
DesignFace value, year and value in Hindi (रूपये का बीसवाँ भाग; Eng: Twentieth of a rupee)

History

Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized. In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage. Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa. Plural: Naye paise). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa" (or paise for denomination greater than one). Paisa coins were issued as a part of "The Decimal Series".[1][2][3]

Mintage

Five naye paise coins were minted from 1957 to 1963 at the India Government mint in Bombay (present day Mumbai) and borne ♦ (small dot/diamond) symbol mint mark. Five naye paise coins have been demonetized.[3][4]

Total mintage

Total 4,294,967,295 coins were minted from 1957 to 1963.[4]

Composition

Five naye paise coins were minted from cupronickel alloy in medallic alignment. Coins weighed 4.0 grams, had a diameter of 22 millimetres (0.87 in) and thickness of 1.67 millimetres (0.066 in). Five naye paise coins were quadrangular shaped and had smooth edge.[1]

Variants
Variants (1957-1963).
ImageValueTechnical parametersDescriptionYear of mintingMonetary
status
ObverseReverseWeightDiameterThicknessMetalEdgeObverseReverseFirstLast
5 naye paise4.0 g22 mm1.67 mmCupronickelSmoothState Emblem of India & country
name in Hindi and English.		Face-value and year.19571963Demonetized.[1]

See also

References
  1. "Coin details". India Numismatics. Retrieved 28 August 2017.
  2. "Republic India Coinage". Reserve Bank of India. Retrieved 28 August 2017.
  3. "History of Indian coins". India Numismatics. Retrieved 28 August 2017.
  4. "5 naye paise". colnect.com. Retrieved 28 August 2017.
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