The Indian five naye paise (Hindi: पाँच नए पैसे) (singular: Paisa), was a unit of currency equaling 1⁄20 of the Indian rupee. The symbol for paisa is p.
| Value | 1⁄20 of Indian rupee |
|---|---|
| Mass | 4.0 g (62.5 gr) |
| Diameter | 22 mm (0.87 in) |
| Thickness | 1.67 mm (0.066 in) |
| Edge | Smooth |
| Composition | Cupronickel |
| Years of minting | 1957–1963 |
| Mintage | 4,294,967,295 |
| Mint marks | ⧫ = Mumbai B = Mumbai proof issue * = Hyderabad ⟐ = Hyderabad No mark = Kolkata |
| Circulation | Demonetized |
| Catalog number | KM# 16 |
| Obverse | |
| Design | State Emblem of India with country name. |
| Reverse | |
| Design | Face value, year and value in Hindi (रूपये का बीसवाँ भाग; Eng: Twentieth of a rupee) |
History
editPrior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized. In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage. Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa. Plural: Naye paise). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa" (or paise for denomination greater than one). Paisa coins were issued as a part of "The Decimal Series".[1][2][3]
Mintage
editFive naye paise coins were minted from 1957 to 1963 at the India Government mint in Bombay (present day Mumbai) and borne ⧫ (small dot/diamond) symbol mint mark. Five naye paise coins have been demonetized.[3][4]
Total mintage
editTotal 4,294,967,295 coins were minted from 1957 to 1963.[4]
Composition
editFive naye paise coins were minted from cupronickel alloy in medallic alignment. Coins weighed 4.0 grams, had a diameter of 22 millimetres (0.87 in) and thickness of 1.67 millimetres (0.066 in). Five naye paise coins were quadrangular shaped and had smooth edge.[1]
Variants
edit| Variants (1957-1963). | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | Year of minting | Monetary status | |||||||
| Obverse | Reverse | Weight | Diameter | Thickness | Metal | Edge | Obverse | Reverse | First | Last | ||
.jpg) |
.jpg) |
5 naye paise | 4.0 g | 22 mm | 1.67 mm | Cupronickel | Smooth | State Emblem of India & country name in Hindi and English. |
Face-value and year. | 1957 | 1963 | Demonetized.[1] |
See also
edit
References
edit- ^ a b c "Coin details". India Numismatics. Retrieved 28 August 2017.
- ^ "Republic India Coinage". Reserve Bank of India. Retrieved 28 August 2017.
- ^ a b "History of Indian coins". India Numismatics. Retrieved 28 August 2017.
- ^ a b "5 naye paise". colnect.com. Retrieved 28 August 2017.