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In 1992, a new stainless steel rupee coin, smaller and lighter than the older rupee, was minted, alongside a 5 rupee Cupronickel coin. In 2005, the 10 rupee coin was minted for the first time. Higher denomination coins were introduced due to an increasing demand for change and the increasing cost of printing ₹2, ₹5 and ₹10 banknotes.
This offer was accepted two years after slave dealers had refused an offer of 1,000 gold coins for Iltutmish. [ 78 ] Delhi Sultan Alauddin Khalji (1296-1316) regulated the prices of staple foods and essential commodities to prevent famine, discourage stockpiling, increase tax revenue, eliminate bribery, and insure that his military personnel ...
British Indian 1 rupee, 1917 Rupee gold coin of Princely State of Bahawalpur. The 1911 accession to the throne of the King-Emperor George V led to the famous "pig rupee". On the coin, the king appeared wearing the chain of the Order of the Indian Elephant. Through poor engraving, the elephant looked very much like a pig.
The Gupta Empire produced large numbers of gold coins depicting the Gupta kings performing various rituals, as well as silver coins clearly influenced by those of the earlier Western Satraps by Chandragupta II. [1] The standard gold coin was the 8g Dīnāra (Sanskrit: दीनार), [65] modelled after the Roman denarius.
The one rupee coin, struck at the Bombay mint, has 2 dots below the top flower and 0 dots above the bottom flower (2/0). Currency and proof issues of the 1862 dated rupee coins have a number of different obverse and reverse die varieties, which are helpful in identification of the mint. The design of the coin, however, remained largely unchanged.
The term Kārṣhāpaṇa referred to gold, silver and copper coins weighing 80 ratis or 146.5 grains; these coins, the earliest square in shape, followed the ancient Indian system of described in Manu Smriti. [17] Use of money was known to Vedic people much before 700 BCE.