There is a general misconception among young coin collectors that there is not much to explore when it comes to modern coins of India. This is not at all true. There are various categories of modern Indian coins that collectors can look for. Let’s take a look at the two broad categories of modern period coins of India so that you get some kind of a reference point to start collecting.
Anna series and Republic of India Decimal Coinage are the two major categories that you should be aware about. Did you know that old British Coins were still circulated in Independent India after 15th August 1947 as well? These coins are termed as frozen currency. The first 1 rupee coin was minted in 1950 after the constitution was formed. Modern India coins like 1/2 Re, 1/4 Re, 2 Anna, 1 Anna, 1/2 Anna & 1 Pice coins fall under the Anna series. 1 pice coins issued in 1950 were struck in bronze and featured a galloping horse on the reverse.
The decimal system for Indian coins was introduced in 1957. However, both decimal and non-decimal coins were circulated together for a short period of time. Modern coins of India that were minted between 1957 and 1964 featured the legend “Naya Paise”. Denominations like 1, 2, 3, 5, 10, 20, 25, 50 naya paise were circulated. This legend was discontinued in 1964. 5 paise coins that were issued in 1976 were made of aluminium and was square shaped.
Certain experiments were also made like 3 paise and 20 paise coins. However, they were not popular. 1, 2 and 3 paise coins were slowly removed from circulation in 1970s. Did you know that 2 rupee coins were introduced in 1982 to replace 2 Rs. Notes? These coins were only minted again in 1990.
Modern Indian coins made of stainless steel bearing denominations 10, 25 and 50 paise were introduced in 1988. A new lighter rupee stainless steel coin was minted in 1992. In the same year 5 Rupees Cupronickel coin was also released in 1992 while 10 rupees were released in 2005.
Apart from these, there is a wide range of commemorative modern Indian coins that collectors can look out for!
Anna series and Republic of India Decimal Coinage are the two major categories that you should be aware about. Did you know that old British Coins were still circulated in Independent India after 15th August 1947 as well? These coins are termed as frozen currency. The first 1 rupee coin was minted in 1950 after the constitution was formed. Modern India coins like 1/2 Re, 1/4 Re, 2 Anna, 1 Anna, 1/2 Anna & 1 Pice coins fall under the Anna series. 1 pice coins issued in 1950 were struck in bronze and featured a galloping horse on the reverse.
The decimal system for Indian coins was introduced in 1957. However, both decimal and non-decimal coins were circulated together for a short period of time. Modern coins of India that were minted between 1957 and 1964 featured the legend “Naya Paise”. Denominations like 1, 2, 3, 5, 10, 20, 25, 50 naya paise were circulated. This legend was discontinued in 1964. 5 paise coins that were issued in 1976 were made of aluminium and was square shaped.Certain experiments were also made like 3 paise and 20 paise coins. However, they were not popular. 1, 2 and 3 paise coins were slowly removed from circulation in 1970s. Did you know that 2 rupee coins were introduced in 1982 to replace 2 Rs. Notes? These coins were only minted again in 1990.
Modern Indian coins made of stainless steel bearing denominations 10, 25 and 50 paise were introduced in 1988. A new lighter rupee stainless steel coin was minted in 1992. In the same year 5 Rupees Cupronickel coin was also released in 1992 while 10 rupees were released in 2005.
Apart from these, there is a wide range of commemorative modern Indian coins that collectors can look out for!
