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The 1939 rupee is the most expensive rupee, as after 1939 all silver coins effectively became less pure, due to the shortage of silver during World War II. The 1947 rupee, half rupee, quarter rupee and anna coins are also of special interest to collectors, since that was the last year British issued coins were circulated in India.
There was a coin of one anna, and also half-anna coins of copper and two-anna pieces of silver. [2] With the rupee having been valued to 1s 6d [3] and weighing 180 grains as a 916.66 fine silver coin, [4] the anna was equivalent to 9/8 d (one penny and half a farthing). Hence the 2 anna silver coins were of low weight (22.5 grains = 1.46 g).
It became part of India on 8 March 1948. Only two officially recognised stamps were issued, both in 1879, with values of half an anna and one anna. The state's post offices were closed in 1895. [16] Bijawar: 1935 1937 A feudatory state in the Central Provinces. A total of ten stamps were issued from 1935 to 1937 with values ranging from 3 pies ...
The first rupee coins of the Republic of India were minted in 1950. [3] These included ₹1/2, ₹1/4, 2 anna, 1 anna, 1/2 anna & 1 pice coins, and are referred to as the anna series or pre-decimal coinage. Under the anna series, one rupee was divided into 16 annas or 64 pice, with each anna equal to 4 pice.
It was valued at three and one-half annas. A memorial to Mahatma Gandhi was issued 15 August 1948 on the first anniversary of Independence. Exactly one year later a definitive series appeared, depicting India's broad cultural heritage, mostly Hindu, Buddhist, Muslim, Sikh and Jain temples, sculptures, monuments and fortresses. [28]
The monetary system remained unchanged at One Rupee consisting of 64 pice, or 192 pies. The "Anna Series" was introduced on 15 August 1950. This was the first coinage of the Republic of India .
The Indian paisa (plural: paise) is a 1 ⁄ 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".
India's first coins after independence were issued in 1950 in denominations of 1 pice, 1 ⁄ 2, one and two annas, 1 ⁄ 4, 1 ⁄ 2 and one-rupee. The sizes and composition were the same as the final regal issues, except for the one-piece (which was bronze, but not holed).