History of Indian Coins

India won its independence on 15th August, 1947. During the period of transition India retained the monetary system and the currency and coinage of the earlier period. While Pakistan introduced a new series of coinsin 1948 and notes in 1949, India brought out its distinctive coins on 15thAugust, 1950. Chronologically, the main considerations influencing the coinage policy of Republic India over time have been:

  • The incorporation of symbols of sovereignty and indigenous motifs on independence;
  • Coinage Reforms with the introduction of the metric system;
  • The need felt from time to time to obviate the possibility of the metallic value of coins rising beyond the face value;
  • The cost-benefit of coinisation of currency notes

Independent India Issues could broadly be categorised as The Frozen Series 1947-1950. This represented the currency arrangements during the transition period upto the establishment of the Indian Republic. The Monetary System remained unchanged at One Rupee consisting of 192 pies.

1 Rupee = 16 Annas

1 Anna = 4 Pice

1 Pice = 3 Pies

Here i am going to post Different verities of coins & paper money for u.. and to share My collection with u..

Wednesday, November 28, 2012

Indian Coin Mint And Its Mint Mark

Indian Coin Mint And Its Mint Mark


Following are the Mint Mark on the coins where the Coins are manufactured, this mark are have different means, some of the known marks are listed below


Mint Name

Mint Description

Sample Image
Mumbai MintA small diamond mark Under the date of coin.
Kolkata (Calcutta) MintNo mint mark
Hyderabad MintFive pointed
STAR Under the date
of coin.
Noida Mintsmall or thick
dot under the date
of the Coin. Production Started in 1988
Seoul Mint(South Korea)Five Pointed
Star
under the date of the coin butexactly
below the Last Digits of dates 199
7
Taegu Mint(Korea)Five Pointed
Star “under the date of the coin butexactly
below the first Digits of dates 1985
Royal Mint London(UK) MintSmall dot(Diamond)
under the date of the coin butexactly
below the First Digit
of
Date 1985
Heaton Press Mint(Birmingham,U.K)Ornamental/ Decorated Letter “H”exactly
below the last Digit of
the date1985
Royal Canadian Mint, Ottawa(Canada)“C” mint
mark below the date
of the coin
Mexico City Mint(Oeschger Masdach & Co)“M”beneath
“O” underthe
date of the coin
Moscow Mint(Russia)“MMD” in
oval below the date of the coin. eg 2 rupee & 5 rupee(2000)
Slovakia Kremnca Mint(Slovakia Republic)MK in circle”below
the date of the coin on rupee 1998-2000
Pretoria Mint(South Africa Mint Co. pvt ltd)“M” under
date in 1998 two rupee coin
Tower Mint , UK (Dominican Republic)“U” Shape
sign below date

Thursday, April 28, 2011

Different varieties of One Rupee Coins

British India coin

SL# King Mint & Year of Minting Coin Front & rear view
1. William IV King

(East India Company)

1835(Calcitta)

1835(Bombay)

2. Queen Victoria

(East India Company)

1840(Calcitta)

1840(Bombay)

1840(Madras)

3. Queen Victoria 1862(Madras), 1862(Bombay), 1862(Calcitta)

1874-1893(Calcitta & Bombay)

1894(Calcitta), 1897-1898 (Calcitta & Bombay)

1900 (Calcitta & Bombay)

4. will update soon
3.