1 paisa (Indian coin)

Not to be confused with 1 naya paisa (Indian coin).
One Paisa
एक पैसा
 India
Value  1⁄100 Indian rupee
Mass 1.48 g (0.048 troy oz)
Diameter 16 mm (0.063 in)
Thickness 1.01 mm (0.04 in)
Edge Smooth
Composition Nickel-brass (1964)
Aluminium (1965-1981)
Years of minting 1964 (1964)–1981 (1981)
Mintage 2,235,853,025
Mint marks Mumbai = ♦
Mumbai Proof issues = B
Hyderabad = *
Noida = °
Kolkata = No mint-mark
Circulation Demonetized
Catalog number KM#9 & KM#10
Obverse
Reverse

The Indian One Paisa coin (Hindi: पैसा), was a unit of currency equaling  1⁄100 (one-hundredth) of the Indian rupee. The symbol for paisa is p. In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957. From 1957 to 1964, one paisa coin was called "Naya Paisa" (Hindi: नया पैसा) (English: New Paisa) and on 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". One paisa coin has been demonetized and is no longer a Legal tender.

History

Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized. In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage. Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". One paisa coins were issued as a part of the "The Decimal Series".[1][2] One paisa coin was withdrawn from circulation and demonetized on 30 June 2011.[3]

Variants

Variants (1964-1981).
Image Value Technical parameters Description Year of minting Monetary
status
Obverse Reverse Weight Diameter Thickness Metal Edge Obverse Reverse First Last
1 Paisa 1.48 g 16 mm 1.01 mm Nickel-brass Smooth State Emblem of India & country
name in Hindi and English. 		Face-value and year. 1964 1964 Demonetized.[4]
1 Paisa 0.75 g 17 mm 1.72 mm Aluminium 1965 1981 Demonetized.[5]

See also

References

  1. ↑ "Republic India Coinage". Reserve Bank of India. Retrieved 30 November 2016.
  2. ↑ "1 paisa coin". India Numismatics. Retrieved 30 November 2016.
  3. ↑ "Currency Matters". Reserve Bank of India. Retrieved 30 November 2016.
  4. ↑ "1964 Indian paisa". numista.com. Retrieved 30 November 2016.
  5. ↑ "1965 Indian paisa". numista.com. Retrieved 30 November 2016.
This article is issued from Wikipedia - version of the 11/30/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.