Friday, 28 September 2018

Golden Era Of Aluminium Coins Of Republic India : Part - 2

Almost same is the story of 10 Paise Aluminium Coin also. This coin first came in to the existence in the year of 1971 prior to that Cupro-Nickel and Aluminium-Bronze issue of this denomination were in circulation. 

Year Of Issue : 1971-1982
Value : 10 Paisa = 1/10 Rupee
Metal : Aluminium (96% Aluminium + 4% Magnesium)
Shape : Scalloped (12 Rounded Notches) 
Diameter : 26 mm
Thickness : 1.9 mm
General Description : 10 Paise Aluminium Coin with Scalloped 12 Rounded Notches. 
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side.
Reverse Description : 
A bold numeric "10" surrounded by a dotted circle of beads and wreath around the periphery. Left side written "पैसे" whereas in Right written "PAISE" followed by Year of Mintage with Mint Marks at bottom. 
10 Paise Aluminium Coin
10 Paise Aluminium Coin
This 10 Paise Aluminium Coin was subsequently followed by its smaller version also, which was later introduced in the year 1983 which continued minting and circulation up to 1993. This coin was significantly smaller than the earlier version of it. Perhaps, cost cutting was the reason to reduce the size of this coin. But, since the worth and value was the same so it moved well in the circulation and enjoyed good presence in the market. Details of this coin is like below :

Year Of Issue : 1983-1993
Value : 10 Paisa = 1/10 Rupee
Metal : Aluminium (96% Aluminium + 4% Magnesium)
Shape : Scalloped (8 Rounded Notches) 
Diameter : 23 mm
Thickness : 1.9 mm
General Description : 10 Paise Aluminium Coin with Scalloped 8 Rounded Notches. 
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side and "सत्यमेव जयते" just beneath the Lion Capitol.
Reverse Description : 

A bold numeric "10" above of which written "पैसे" in Hindi and "PAISE" written just beneath of numeric "10" followed by Year of Mintage with Mint Marks at bottom.
10 Paise Small Aluminium Coin
10 Paise Small Aluminium Coin
These 10 Paise Aluminium Coins both the large and small remained quite active in circulation even after suspension of their mintage. Since, after withdrawal of these aluminium coins another FSS Coin of the same value 10 Paise came into the existence so, both these coins continued to rally in the market along with the latest and newer 10 Paise FSS coin. 

And this is time to discuss about the 20 Paise Aluminium Coins which was the last issue in the era of Aluminium Coins in the history of Indian Coins. This Coin was introduced in the year 1982 and ended its mintage in 1997. This coin was also a successor of its previous version of Aluminium-Bronze version. So, had a pretty good acceptance for this denomination. Details of the coin is mentioned below :

Year Of Issue : 1982-1997
Value : 20 Paisa = 1/5 Rupee
Metal : Aluminium (96% Aluminium + 4% Magnesium)
Shape : Hexagonal (6 Rounded Sides) 
Diameter : 26 mm
Thickness : 1.7 mm
General Description : 20 Paise Aluminium Coin with Hexagonal 6 Rounded Sides. 
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side and "सत्यमेव जयते" just beneath the Lion Capitol.
Reverse Description : 

A bold numeric "20" above of which written "पैसे" in Hindi and "PAISE" written just beneath of numeric "20" followed by Year of Mintage with Mint Marks at bottom.
20 Paise Aluminium Coin
20 Paise Aluminium Coin
Though this coin was last minted in the year 1997 but, it continued to be in circulation for many more years. But, after the year 2000 there was almost no acceptance of these coins in cash transactions so, it was discontinued then after. 

So, after ruling for more than three decades in Indian economy these Aluminium Coins are out of circulation and are no more used for any transactions. We can say that The Golden Era of Aluminium Coins have gone behind the shadow of history. Now, these coins are just there for remembrance only and have lost their worth in our day to day transactions. But, their numismatic value have gone quite up and people interested in collecting old coins and banknotes will continue to run before these coins in order to add it in their collections.   
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Golden Era Of Aluminium Coins Of Republic India : Part - 1

How many of you do remember the days when few aluminium coins in your pocket were enough to make you feel rich? Perhaps a few? But, yes those were the days when it was a truth. Later, after passing of the time their value went off and they became of no use. Let us remember those days once again at least just for the sake of remembrance. First Aluminium Coin was issued in Independent India was of a value of 1 Paisa. Mintage of these coins were started in the year of 1965 and continued till 1981. More details about this coin is as mentioned below :

Year Of Issue : 1965-1981
Value : 1 Paisa = 1/100 RUPEE
Metal : Aluminium (96% Aluminium + 4% Magnesium)
Shape : Square 
Diameter : 17 mm
Thickness : 1.7 mm
General Description : Aluminium Coin with Rounded Corners and Embossed Edge.
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side.
Reverse Description : 
Semi Circular Lettering "पैसा" and "PAISA" at both the sides with a bold numeric "1" featuring in the center and at the bottom of it Year of Mintage with Mint Marks.
1 Paisa Aluminum Coin
1 Paisa Aluminum Coin
These coins have ruled the Indian pockets for a pretty long time. But, as a result of devaluation of money later they lost their worth and went away from the circulation. Though this coin has lost its time, yet the Indian people may remember the famous song. 
गरीबों की सुनो, वो तुम्हारी सुनेगा.
तुम एक पैसा दोगे, वो दस लाख देगा. 
Secondly we'll discuss another Aluminium Coin which came in existence was a coin of 2 Paise. Though, it was actually third Aluminium Coin which was circulated in India. Whereas, a 3 Paise Aluminium Coin was the second Aluminium Coin which came in to circulation. Nevertheless, we'll discuss about the same later after this. Now, let us talk about 2 Paise Aluminium Coin which also was started minting since 1965 and continued up to 1981. Let's have a look about the important features of this coin.


Year Of Issue : 1965-1981
Value : 2 Paise = 1/50 RUPEE
Metal : Aluminium (96% Aluminium + 4% Magnesium)
Shape : Scalloped (8 rounded notches) 
Diameter : 20 mm
Thickness : 1.6 mm
General Description : Aluminium Coin with Scalloped Round Notches and Embossed Edge.
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side.
Reverse Description : 
Semi Circular Lettering "पैसे" and "PAISE" at both the sides with a bold numeric "2" featuring in the center and at the bottom of it Year of Mintage with Mint Marks.
1 Paisa Aluminum Coin
2 Paisa Aluminum Coin
This 2 Paise were also had a great value in those days and thus remained quite worthy since a long time and ruled over Indian pockets for more than 16 years. And, having it in the pocket was nothing less than anything.

Here, we should discuss about that Aluminium Coin Which was the actual second entry in the Era of Aluminium Coins in India. This was 3 Paise Aluminium Coin which was launched in the Year of 1964 and continued mintage till 1971. Please find below more details about this coin :


Year Of Issue : 1964-1971
Value : 3 Paisa 
Metal : Aluminium (96% Aluminium + 4% Magnesium)
Shape : Hexagonal (Six Sided with Rounded Corners) 
Diameter : 21 mm
Thickness : 2 mm
General Description : Hexagonal Shaped Aluminium Coin with Rounded Corners. 
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side.
Reverse Description : 

Semi Circular Lettering "तीन पैसे" and a bold numeric "3" featuring in the center and at the bottom of it Year of Mintage with Mint Marks.
3 Paise Aluminium Coin
3 Paise Aluminium Coin
Govt decided to stop minting of this coin just after seven years of its commencement. Because, of late this denomination of coin could not establish its rationality since, other coin combinations were enough to suffice the need of three paise for all practical purposes. However, the minted coins remained in the circulation for a pretty long time and Indian mass had enjoyed its warmth in their pocket for a long-long time. 

Then it was the most popular 5 Paise Aluminium Coin which had too many versions in it. Though, the denomination of 5 Paise in Cupro-Nickel was arrived quite early in the year of 1957 only but the first Aluminium Coin in this denomination was issued in the year 1967. Further, a second version of this coin came in 1972 which continued till 1983 and later a last but not the least another version came in 1984 and continued till 1994. Hence, It could be said that this was the coin which had the longest survival in the Indian Market and its economy. Details of its first issue is mentioned below:

Year Of Issue : 1967-1971, [1972-1983 & 1984-1994(Thinner Coin)]
Value : 5 Paisa = 1/20 Rupee
Metal : Aluminium (96% Aluminium + 4% Magnesium)
Shape : Quadrangular (4 Sided with Rounded Corners) 
Diameter : 22 mm
Thickness : 1.5 mm
General Description : Quadrangular Shaped Aluminium Coin with Rounded Corners. 
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side.
Reverse Description : 

Semi Circular Lettering "रुपये का बीसवाँ भाग" and a bold numeric "5" featuring in the center and at the bottom of it "पाँच पैसे" written in Hindi followed by Year of Mintage with Mint Marks.
 5 Paise Aluminium Coin
5 Paise Aluminium Coin
Now, if we see the total duration of circulation then it could be clearly said that "Yes, it was the 5 Paise Aluminium Coin which have been had its longest presence in the Indian economy and in the pockets of Indian people. This was the coin which was happily accepted in the transactions even after many years of withdrawal of mintage.

In next post we shall discuss about other Aluminium Coins of Republic Of India. Till then, "Happy Reading" and Lots Of Good Wishes For You And Your Family. 


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Evolution And Journey Of 1 PICE To 1 Paisa

It was 1943 when first coin of the face value of 1 PICE came into the existence in the regime of George V in India. It continued to be in minted every year up to 1947 till India was declared as an Independent Country. Prior to PICE it was One Quarter Anna in the circulation. In terms of its value compared to One Rupee, it was 1/64 of One Rupee. 4 PICES = 1 ANNA and subsequently 16 ANNAS = 1 RUPEE. Coin appearing in the picture below is a coin of 1947, which can be said to be a pre-independence coin of India. Because, the Crown embedded in the coin depicts that it was minted during the British Regime.   

Year Of Circulation : 1943-1947
Value : 1 PICE = 1/4 ANNA = 1/64 RUPEE
Metal : Bronze
Shape : Round with a round hole
Diameter : 21.3 mm
Thickness : 1 mm
General Description : Coin with large center hole
Obverse Description : High Crown with Large Legends and Large Date
Reverse Description : Wreath Surrounding The Large Round Hole.
1 PICE 1947
1 PICE 1947
After independence when Indian Government came into existence first Indian ONE PICE came in circulation in the year 1950. Regime of this coin can be said 1950-1955. Initially in the first year of its mintage it was a thicker coin with a thickness of 1.6 mm and weighing 3.8 gms per coin, which was later reduced from 1951 to 1955 and the thickness remained 1.3 mm and thus weight was also reduced to 23.3 gms only. 

Year Of Circulation : 1950-1951
Value : 1 PICE = 1/4 ANNA = 1/64 RUPEE
Metal : Bronze
Shape : Round 
Diameter : 21 mm
Thickness : 1.3 mm
General Description : Coin with circular embossed rim.
Obverse Description : Ashoka Lion Capitol with Circular Lettering GOVERNMENT OF INDIA
Reverse Description : Galloping Horse Facing Left With Lettering ONE PICE * एक पैसा.
1 PICE 1951
1 PICE 1951
Later, in 1957 another new coin was introduced as being 1/100 of 1 Rupee. It was a new pattern of currency evaluation in a new system. Now, the older pattern was replaced with the new calculation of currency. This coin was named as "नया पैसा" means new pice/paisa. Its worth was lesser than the older PICE. Initially, the metal of this coin was Bronze which later replaced with Nickel-Brass. And, this Nickel-Brass version came in 1962 and further minted up to 1964. The coin featuring below is a Nickel-Brass coin minted in year 1963.

Year Of Circulation : 1957-1962 Then 1962-1964
Value : 1 Naya Paisa "नया पैसा" = 1/100 RUPEE
Metal : Bronze & Nickel-Brass
Shape : Round 
Diameter : 16 mm
Thickness : 1 mm
General Description : Coin with circular embossed rim.
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side.
Reverse Description : 
Semi Circular Lettering "रुपये का सौवाँ भाग" with a bold numeric "1" featuring in the center and at the bottom of it written "एक पैसा" in Hindi.
1 Naya Paisa Nickel-Brass Coin
1 Naya Paisa Nickel-Brass Coin

Finally, the journey of 1 PICE to 1 PAISA ended up with this Aluminium Coin which was minted with a very cheap metal comparative to its previous versions. Mintage of this coin started in 1965 and continued up to 1981. However, the coin remained in the circulation for a longer period also but later it was out of circulation. Though, any information regarding its official demonetization is not available. 

Year Of Circulation : 1965-1981
Value : 1 Paisa = 1/100 RUPEE
Metal : Aluminium (96% Aluminium + 4% Magnesium)
Shape : Square 
Diameter : 17 mm
Thickness : 1.7 mm
General Description : Aluminium Coin with Rounded Corners and Embossed Edge.
Obverse Description : 
Ashoka Lion Capitol With Lettering "भारत" & INDIA appearing at either side.
Reverse Description : 
Semi Circular Lettering "पैसा" and "PAISA" at both the sides with a bold numeric "1" featuring in the center and at the bottom of it Year of Mintage with Mint Marks.
1 PAISA Aluminium Coin
1 PAISA Aluminium Coin
Though, this coin is out of circulation in India but, still it is believed to be the the first and the lowest currency. And, most often it is used to be quoted as a phrase also while measuring the low status or worth of someone who is least liked or disliked by someone else by mentioning :
"He/She does not hold the worth or status of 1 Paisa even."

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