Interesting Varieties of Modern Indian Coins You Can Pursue Collecting

Coin collectors are generally keen on collecting ancient Indian coins and medieval coins of India. Most of them are not aware about interesting varieties of Modern Indian Coins and don’t explore them in detail. Today, let’s look at a few interesting examples of modern coins and their history.

After India’s independence on 15th August 1947, British currency was still circulated as frozen money for some period of time. The very first modern coins of India were introduced in the year 1950. These coins of modern India bore the denomination 1 rupee. I Pice Bronze Coin was issued by the Government of India in 1954. These round shaped coins belonged to the Anna Series, weighed 2.95 grams and had a diameter of 21 millimetres. Modern Indian coins of the denomination 1/2 Re, 1/4 Re, 2 Anna, 1 Anna and 1/2 Anna were the other coins to be issued in the same series before the decimal system was adopted in 1957.

Modern coins of India that were issued from 1957 to 1964 featured the text "Naya Paisa" which means "new" paisa in Hindi. 1, 2, 3, 5, 10, 20, 25, 50 (naya) paise coins were introduced during this period. One rupee coins had the same pre-decimal value. The extra legend was added so that people did not get confused between old paisa and the new paisa coins.

5 Paise Aluminium coins were issued by Government of India in the year 1976. These square shaped modern coins of India weighed around 1.5 grams and each side measured 22 millimetres. They belonged to the Decimal coinage series and were based on the theme “Food and Work for all”.

Stainless Steel was used to strike modern coins of India for the first time in 1988. In the year 1992, lighter stainless steel modern coins of the denomination 1 rupee were introduced alone with 5 rupee cupronickel coins. The latest coins of modern India are the 10 rupees coins. When it comes to rare modern coins in India, you can look for commemorative coins that were issued in limited numbers or modern Indian coins with errors.