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It was published in India by Coins & Currencies. Kishore Jhunjhunwalla and Rezwan Razack are avid collectors of Indian currency. [3] [4] The book traces the evolution of Indian currency dating back to 1770. It captures the various nuances of modern-day currency as well as incidents that helped shape this sector over the years. [5]
In 1957, India shifted to the decimal system, though for a short period of time, both decimal and non-decimal coins were in circulation. To distinguish between the two versions of pice coins in circulation (pre-decimal and decimal), the coins minted between 1957 and 1964 were printed with the legend “Naya Paisa” (“New Paisa”). [4]
Cast copper coins along with punch marked coins are the earliest examples of coinage in India, archaeologist G. R. Sharma based on his analysis from Kausambi dates them to pre Punched Marked Coins (PMC) era between 855 and 815 BC on the basis of obtaining them from pre NBPW period, [45] while some date it to 500 BC and some date them to pre ...
The Indian One Naya paisa (Hindi: एक नया 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.
A Guide Book of United States Coins by R.S. Yeoman ISBN 0-7948-1790-4; 2005 Blackbook Price Guide to United States Paper Money ISBN 1-4000-4839-7 "Numismatic Terms and Methods" from the American Numismatic Society (archived 19 February 2007) The Complete Illustrated Guide to Coins & Coin Collecting by Dr. James Mackay, ISBN 0-681-45952-2
The last coins of the first peso were issued between 1954 and 1959. These were aluminum 1, 5 and 10 pesos. [9] Gold bullion coins with nominals in 100 pesos were minted between 1932 and 1980 (i.e. they survived into the periods of two later currencies). [10] In addition, there was a special issue of gold coins (100, 200 and 500 pesos) in 1968 ...
Coins worth 1-50 pesos feature the portrait of Bernardo O'Higgins on the reverse, while 5 and 10 pesos minted from 1976 to 1990 feature a woman representing freedom. [4] The 1 and 50 centavo, 1, 10, 100 and 500 peso and the older 5 peso coins are shaped like a circle while the 5 and 10 centavo and 5 and 50 peso coins are in the shape of a ...
In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation. It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation. In such cases the name of the currency may change or the original name may be used with a ...