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The Coinage Act of 1857 (Act of Feb. 21, 1857, Chap. 56, 34th Cong., Sess. III, 11 Stat. 163) was an act of the United States Congress which ended the status of foreign coins as legal tender, repealing all acts "authorizing the currency of foreign gold or silver coins". Specific coins would be exchanged at the Treasury and re-coined.
In time, the EIC adopted a unified system of coinage throughout all British possessions in India and the older Presidency system was discontinued. After the Indian Rebellion of 1857, control of EIC territories passed to the British Crown. [4] Coinage issued after 1857 were under the authority of the monarch as India became part of the British ...
The silver coinage of Guptas starts with the overthrow of the Western Satraps by Chandragupta II. Kumaragupta and Skandagupta continued with the old type of coins (the Garuda and the Peacock types) and also introduced some other new types. [60] The copper coinage was mostly confined to the era of Chandragupta II and was more original in design.
The Indian Coinage Act was amended in September 1955 for the adoption of a decimal system for coinage. The Act came into force with effect from 1 April 1957. [12] The rupee remained unchanged in value and nomenclature. It, however, was now divided into 100 'Paisa' instead of 16 Annas or 96 paisa or 64 Pice. For public recognition, the new ...
The Indian paisa (plural: paise) is a ⁄100 (one-hundredth) subdivision of the Indian rupee. The paisa was first introduced on 1 April 1957 after decimalisation of the Indian rupee. [1] In 1955, the Government of India first amended the Indian Coinage Act and adopted the " metric system for coinage ". From 1957 to 1964, the paisa was called ...
Coinage Act of 1849, created two new denominations of gold coins, $1 and $20. Coinage Act of 1853, reduced the silver in half-dollar, quarter, dime, and half-dime coins; authorized a $3 gold coin. Coinage Act of 1857, forbid use of foreign coins as legal tender, reduced the size of the cent, ended the half-cent coin.
Reverse. The Indian One Paisa coin (Hindi: पैसा) is a former denomination of the Indian Rupee. The 1 coin equals ⁄100 (one-hundredth) of the Indian Rupee. The symbol for paisa is (). In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957.
State Emblem of India with country name. Reverse. Design. Face value and year of minting. The Indian Two naye paise (Hindi: दो नए पैसे) (singular: Paisa) is a unit of currency equaling ⁄100 of the Indian rupee. The symbol for paisa is p.