When it comes to numismatics and coin collection in India, ancient, medieval and colonial coins are more popularly collected. That’s majorly because these old coins of India have a historical significance. There is a perception that collecting modern Indian coins is not as exciting as collecting ancient Indian coins. That’s not really the case. There are several types of commemorative coins that you can look out for when it comes to modern coins of India. Modern Indian coins can be broadly classified into two types – the Anna series and decimal coinage. There are many rare modern coins in India as well, since their mintage limit was low. Even though the historical significance of modern coins of India could be low, rarity is something that makes them an interesting addition to your collection.
Did you know that even after India’s independence on 15th August 1947, old British coins were used as frozen currency? 1/2 Re, 1/4 Re, 2 Anna, 1 Anna, 1/2 Anna & 1 Pice coins introduced in 1950, belong to the Anna series. India shifted to decimal coinage in the year 1957. Modern coins of India that were issued between 1957 and 1964 had the legend “Naya Paisa” on them. In 1964, modern Indian coins of the denomination 3 paisa were introduced while in 1968, 20 paisa coins were introduced. Both these denominations were not popular. Famous Indian personalities, leaders and historic events have been celebrated with the issue of commemorative modern Indian coins. Look for coins unique commemorative coins that have a low mintage as they would be rarer and more sought after among collectors.
There is another group of modern Indian coins that you can look out for – error coins! Error coins generally have a great market value since they are unique and extremely rare. But beware of dealers who sell fake error coins by deforming coins intentionally. Also, unlike ancient coins or medieval coins, chances of finding interesting modern Indian coins are higher.
Did you know that even after India’s independence on 15th August 1947, old British coins were used as frozen currency? 1/2 Re, 1/4 Re, 2 Anna, 1 Anna, 1/2 Anna & 1 Pice coins introduced in 1950, belong to the Anna series. India shifted to decimal coinage in the year 1957. Modern coins of India that were issued between 1957 and 1964 had the legend “Naya Paisa” on them. In 1964, modern Indian coins of the denomination 3 paisa were introduced while in 1968, 20 paisa coins were introduced. Both these denominations were not popular. Famous Indian personalities, leaders and historic events have been celebrated with the issue of commemorative modern Indian coins. Look for coins unique commemorative coins that have a low mintage as they would be rarer and more sought after among collectors.
There is another group of modern Indian coins that you can look out for – error coins! Error coins generally have a great market value since they are unique and extremely rare. But beware of dealers who sell fake error coins by deforming coins intentionally. Also, unlike ancient coins or medieval coins, chances of finding interesting modern Indian coins are higher.
No comments:
Post a Comment