Indian 1-paisa coin

The Indian One Paisa coin (Hindi: पैसा) is a former denomination of the Indian Rupee. The 1 coin equals ​1⁄100 (one-hundredth) of the Indian Rupee. The symbol for paisa is (). In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957. From 1957 to 1964, one paisa coin was called "Naya Paisa" (Hindi: नया पैसा) (English: New Paisa) and on 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". One paisa coin has been demonetized and is no longer legal tender.

Not to be confused with 1 naya paisa (Indian coin).
One Paisa
India
Value1 (​1⁄100₹)
Mass1.48 g (0.048 troy oz)
Diameter16 mm (0.063 in)
Thickness1.01 mm (0.04 in)
EdgeSmooth
CompositionNickel-brass (1964)
Aluminium (1965-1971)
Years of minting1964 (1964)–1981 (1981)
Mintage2,235,853,025
Mint marksMumbai = ♦
Mumbai Proof issues = B
Hyderabad = *
Noida = °
Kolkata = No mint-mark
CirculationDemonetized
Catalog numberKM#9 & KM#10
Obverse
Reverse

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). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". One paisa coins were issued as a part of "The Decimal Series".[1][2] One paisa coin was withdrawn from circulation and demonetized on 30 June 2011.[3]

Variants
Variants (1964-1981).
ImageValueTechnical parametersDescriptionYear of mintingMonetary
status
ObverseReverseWeightDiameterThicknessMetalEdgeObverseReverseFirstLast
1 Paisa1.5 g16 mm1 mmBronzeSmoothState Emblem of India & country
name in Hindi and English.		Face-value and year.19571961
1 Paisa1.48 g16 mm1.01 mmNickel-brassSmoothState Emblem of India & country
name in Hindi and English.		Face-value and year.19641964Demonetized.[4]
1 Paisa0.75 g17 mm1.72 mmAluminium19651981Demonetized.[5]

See also

References
  1. "Republic India Coinage". Reserve Bank of India. Retrieved 30 November 2016.
  2. "1 paisa coin". India Numismatics. Retrieved 30 November 2016.
  3. "Currency Matters". Reserve Bank of India. Retrieved 30 November 2016.
  4. "1964 Indian paisa". Numista. Retrieved 30 November 2016.
  5. "1965 Indian paisa". Numista. Retrieved 30 November 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.