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The Indian Head cent, also known as an Indian Head penny, was a one-cent coin ($0.01) produced by the United States Bureau of the Mint from 1859 to 1909. It was designed by James Barton Longacre, the Chief Engraver at the Philadelphia Mint. From 1793 to 1857, the cent was a copper coin about the size of a half dollar.
This penny somehow missed the 1944 transition from steel-coated zinc to copper, and it’s worth a fortune as a result. Just two copies of the San Francisco-minted version remain.
It may be time to dig out that old piggy bank and see if you’ve got a fortune stashed away.
The system of coinage values used (which eventually [12] became an Indian standard until decimalisation on 1 April 1957) used the ratios: 1 pie = 1 ⁄ 3 pice = 1 ⁄ 12 anna; 1 pice = 1 ⁄ 4 anna = 1 ⁄ 64 rupee; 1 anna = 1 ⁄ 16 rupee; 15 rupees (approximately) = 1 mohur; The Bengal Residency government ordered the coining of sikka rupees ...
In 1877, Victoria was declared the Empress of India - and her title on Indian coins changed as a result. This last design continued till 1938, with only the image of the ruler changing. Over this entire period, the weight of the Indian rupee and its purity remained constant at 11.66 grams and 91.7% respectively. [79]
Under the Mint Act of 1792, the largest-denomination coin was the gold eagle, or ten-dollar piece. [2] Also struck were a half eagle ($5) and quarter eagle ($2.50). [3] Bullion flowed out of the United States for economic reasons for much of the late 18th and early 19th centuries.
1973 Indian proof set of coins. Coins of the Indian rupee (₹) were first minted in 1950. [1] New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of 1, 2, 5, 10, and 20 rupees.
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas. Each anna was subdivided into 4 pices. So one rupee ...