Rare Old Indian Coins List Price Information and Value
A coin is a peace of flat metal. It is disc in shape used as a form of money. The value of the coin was determined from the intrinsic value of the metal modern coins. They are made of base metal and their value comes strictly from their status as flat money.
These coins have standard weight size and purity with an identification mark or symbol. It has a legal tender (ie) a medium of payment allowed by a law or recognized by a legal system.
Old Coin Collection in India
Coin collection means collecting coins of various kingdoms counties different types of coin. Each and every coins has a history. It tells about the culture and civilization coin collection is one of the oldest hobbies. It was practiced by the kings and wealthy people. So that coin collecting is often known us “king of hobbies” and “Hobby of kings”.
Hobby of collecting coins and studying its history and importance is called as Numismatic. A person who collects them is called as Numismatist. Purpose of collecting coins Student collects coins for fun and enjoy by exchanging them.
Some people collects coins as a hobby and research them. Some of them invest coin with the hope of appreciation in value. Some people collect for it intrinsic bullion value and other because of its rare value.
Numismatics world is very vast. In ancient time coins were began in Greece and it started to achieve perfection. Importance of numismatics is to recognize the ancient history of coin. It not only covers the materials of coins made. It say the ambit source of coin materials. This includes the forms from where the coins are taken, its weight, technique of manufacture and designs.
Numismatics includes the study of organization and control of coin production and circulation by the government authority. The size and frequency of issues and metallic values and monetary are attached to the coins. The coins are the source of a study of the political, administrative, social, economic, religious and cultural life of the people denotes the history of particular period.
Indian coins were started during the period of 1st millennium of BCE which belongs to the 6th century. These coins were made of copper and silver in the initial stage. It is also called as Karshapanas or Pana.
The ancient Indian coins standard weights are indispensable. The basic metric system of north India was Rati seed. In south India people use their monetary system in the form of seeds of indigenous origin that is Manjadi and Kalanju or Molucca bean. The earliest Kushana coins were issued by the king of Kujula Kadphises in copper.
Ancient Coins of India
Punch Marked coins
Punch Marked coins are the earliest coins of India. We have got information about the Purana Coins in the literature but we have not seen that coin. Punch Markeed coins are in the metal of Gold, Silver and Copper.
Silver and Copper coins have been seen unearthed but we can see the Gold coins in literature.
Punch Marked coins have no date, year and name of the king is not mentioned only symbols are seen in this coin. The character of these symbols are in astronomical, religious and mythological.
The marks of the coins are sun, the elephant, cow, chariot, horse, bull, jackal, tree, tiger or lion and Dharmachakra. These were circulated in north and south India in the same time.
These coins were minted during the centuries of 6thBC to 5thBC. During the 7th century BC merchants of Asia Minar of Lydia cites spent their own gold and silver plates with their symbols. These are the first punch marked coin. Some peoples said that these were released by china.
Old Sangam Age Coins
Sangam Age was started during the 3rd century BC. We had not identified these coins up to 19th century. Sir Walter Elyet had released a book of South Indian coins in 1886. We can got the information of Sangam Age coins through this book. After him R. Krishnamoorthy had found the letters of Perumvaluthi in the coins. He was the Editor of Dhinamalar Newspaper. Like this he identified lot of coins. Arumugam Seetharaman of Tanjore also found lot of sangam age coins.
Chera, Chola and Pandya coins are implementing their symbols in their coins. They are in the shapes of square, rectangle and circle. These coins are in the metals of copper, silver and lead. Its weight is about 0.500grams - 12.5grams.
Pallava dynasty is one of the most important dynasty is South India. They ruled in the period of 600 CE to 900 CE. Pallava coins were mostly round and few were in square. Its weight is about 0.5 to 10 grams. The size of this coin is about 0.5cm to 2.5cm. The basic symbols of Pallava coins are bull, lion, svastika, flag, srivasta, ship, shank, chakra and crescent etc. Pallava coins are minted in copper, lead and bronze.
Kushans were one of the tribe people they over threw the Saka power in Bactria in about 100 BC. The Kushans were under the control of Kujula Kadphises in 50AD. The Kushans are divided into two heads. They are Kadphises group and Kanishka group. The Kanishka group coins have only Greek characters. They introduced the Iranian title “Shaonana Shao”, it is called as “King of Kings” instead of the Greek “Basileus Basileon”.
After the death of Ashoka, Satavahana became an independent dynasty in 232BC. Satavahana ruled this dynasty up to 227 AD. The Satavahana Kings coins are mostly made up of lead. Silver coins are very rare to seen. They used an alloy of silver and copper, it is called as “potin”. Lot of copper coins are also available.
The one side of Satavahana coin have the figure of an elephant, horse, lion or Chaitya. It has Ujjain symbol ie. Cross with four circles at the end of the two crossing lines on the other side of the coin.
Gupta Kings period is about 300AD to 550 AD. The Gupta coins are mostly made up of Gold. They issued silver and copper coins also. After the Chandragupta II period the silver coins were issued. Gupta Gold coin have many types and varieties. We can see king standing and making oblations before and alter, playing the veena, performing asvamedha sacrifice, riding a horse, riding an elephant, slaying a lion or a tiger or a rhinoceros with a sword or bow, or sitting on a couch on one side of the coin. On the other side of the coin we can see the goddess Lakshmi seated on a throne or a lotus seat, or the figure of the queen herself. These coin have Sanskrit inscriptions. It appears on Indian coins for the first time.
The Western Satraps had the dominion in Western India. It comprising Malwa, Gujarat and Kathiawar. The western Satraps coins have great historical importance. The period about 78AD. The coins of the Western Satraps have the head of the king on one side. They carry the device of the Buddhist Chaitya or Stupa on the other side of the coin.
The Varadhanas of Taneshwar and Kanauj were reason for turning out the Hun invaders from India. Harsha was their most powerful kings. Their empire is comprised almost the whole of Northern India.
The one side of Vardhana silver coin have the head of the king and on the other side we can see the figure of a peacock. Harshavardhana coins are reckoned in a new era. They belong to the period of 606 AD. This is the year of his coronation.
Rajput dynasties coins were mostly made up of gold. Copper or bullion coins are also available. Silver coins are very rare. Rajput coinage are of two types. One type shows the name of the king in Sanskrit on one side of the coin. We can found a goddess on the other side.
Coins of the Indian Republic
India became free and independent from the British domination in the year 1947. But it didn’t issue its coins till it declared herself as a Republic. New coins were issued first in 1950 on the Third anniversary of Independence, on 15th August. The coins followed he earlier Indo-English coins in respect of their value, weight, metal and fabric. The designs were drastically changed to do away with the vestiges of foreign domination and to adopt in their place. Symbols of these coins represent India’s past glory and the hopes and aspirations for the future. The effigy of the British monarch was replaced by the representation of the lion capital of Ashoka’s pillar at Saranath, the symbol of non-violence and peace on the obverse of all coins. The super inscription Government of India took the place of the name of the king. On the reverse of the coins of rupee, half rupee and quarter rupee denominations, a new motif, a pair of ears of wheat was placed on the two sides of the English numerals showing the value. The value was also shown above in Hindi and below in English and the date below the latter the rupee coins had a milled edge. The reverse of two-annas, one-annas and half-anna was adorned with the figure of a bull adapted from the base of the lion-capital on the paise coin, the figure of horse, which is another symbol on the base of the capital was placed on the reverse. The first three coins were made in pure nickel, the next three coins in cupronickel and the pice in bronze.
The metric or decimal system was introduced in various spheres of Indian life in 1957. Consequently, the value of money was row reckoned in this new system. It indicates the value which was reckoned in terms of multiples of ten. But this system probably didn’t favour with the people and soon it was abandoned again in the fourteenth century in the time of the Khilji and Tughlaq sultans of Delhi, a pentanic system of coinage was introduced. It was akin to the decimal system in Mughal period, Akbar issued coins in the pentanic-cum-decimal system. Even the English had considered introducing of decimal coinage. The mint of fort St. George had mooted the idea of minting coins. It represents the hundredth part of an anna. It became the proposal for the abolition of the Madras mint and the idea didn’t materialize. The English administrators of India had planned to issue dollars on the American pattern in 1941. All things were finalized and mints were ready with the dies to strike them. But Mahatma Gandhi vehemently opposed the proposal. His condemnation of the proposal left no way out to the Government. But hey shelve the idea silently after independence, our leaders and administrators began to think and see everything in terms of internationalism. They found fault with the quaternary system of our money. It had prevailed more than two thousand years and served the purpose well. They introduced the metric system. It had originated in France and had been gradually adopted by most of the countries of the world.
The rupee, retained its original value but instead of being divided into 64 pice as hitherto, it was divided into 100 units called paisa. Later it became the primary unit of Indian currency. The old coins and new coins would remain in circulation, the new coin paisa would be called Naya Paisa to distinguish it from the old pice. This system came into effect on 1 April 1957 and continued tile 1st June 1964. The words naya and naye in relation to paisa and paise were dropped. The equivalents of half rupee and quarter rupee were retained in their original round shape and in pure nickel with the new designations 50 paise and 25 paise coins of new denominations of 10, 5 and 2 paise were introduced in cupro-nickel and one paisa in bronze. The earlier designs of all the denominations were slightly changed. The word India in English and Bharat in Hindi appeared on the right and left of the Ashoka pillar capital replacing Government of India. The reverse design for the Rupee coin remained almost the same with the modification that now only rupaya instead of Ek rupaya was used in Hindi. The ears of wheat were replaced by the ears of corn. The reverse of other coins were also completely changed. The value in English numerals was placed in the centre in bold letters and the denominations were mentioned in two forms now. The fractional relationship of the coin to the Rupee was indicated on the top. The words naye paise were placed below the numeral and below it was the date.
A new coin Aluminum magnesium alloy 3.5% of magnesium and the remainder aluminum of the three paise was introduced in July 1964. It’s shape was hexagonal. Another coin of twenty paise was introduced in aluminum bronze in the year 1968 of April. It was made up of 92% if copper, 2% of nickel and 6% of aluminum the coin of 25paise was suspended. In January 1972, the 20 paise coin was dropped and the minting of 25 paise coin was resumed. But this time they were issued in cupro-nickel (75% copper and 25% nickel) in place of pure nickel. These coins were now in the denominations of rupee 50 paise, 25 paise, 10 paise, 3 paise, 2 paise and 1 paise. But later the coins of the last four denominations were gradually dropped as they lost their monetary utility. Due to the sudden increase in the princes of copper and nickel to eliminate the risk of diversion of the coins through melting and otherwise an account of their metallic value tending to increase beyond their face value changes in the metal and alloy composition were made from time to time after 1962. In that year the bronze 1 paise was replaced by nickel brass (copper 79%, Zinc 20% nickel 1%) Aluminium – Magnesium alloy was used for this coin in October 1965. Its shape was changed from round to square with rounded corners. This new alloy was for 2-paise coins from July 1965 and for 5 paise coins from January 1967. In April 1968. The Introduction of the 20 paise coins in Aluminium bronze, the 10 paise coins also were made in the same alloy. The golden yellow colour of these coins led to the erroneous belief amongst people that they contained gold and it resulted in their large scale hoarding and melting for trinkets etc. In October 1971 10 paise coins were made in magnesium.
Aluminum alloy and in an entirely new shape and size cupro-nickel was introduced for the 50-paise coin and its milled edge was changed into security edge in January 1972. A slight change was made in the reverse design. The fractional relationship of the coins with Rupee was dropped from this and all other coins. From then onwards the denominations are mentioned only in paise on Nagari and English. This change in 3 and 5 paise coins were made in March 1972.
Numismatic Exhibitions Dates in India
Palani Coin Exhibition - 2022 : Date: May 27, 28 and 29 Venue: Sakthi Kalyana Mandapam, Thiruvalluvar Salai, Palani Taluk, Dindigul District, Tamil Nadu Time: Morning 9:00am to 8.00pm Entry Free
Nagmoney 2022: Numismatic Exhibition at Nagpur 3rd, 4th, and 5th June 2022 Venue: Ramgopal Maheshwari Sabhagruha, Beside Mor Bhavan Bus Stand, Sitabuldi, Jhansi Rani Square, Nagpur - 12. Exhibition Time: 10.00am to 7.00pm Entry Free
Delhi Mudra Utsav 2022: 24, 25, 26 June
Nanyadarshini 2022: 8-10 July, 2022.Bangalore
Coin Fest 2022 : 22-24 July, 2022, Kolkata, West Bengal
Ahemedabad Coins & Currency Fair : August 5,6 and 7 2022, Venue: The President Hotel, Oposie Municipal Market, Off C.G. Road, Navrangpura, Ahmedabad - 380009. Time: 10.00am to 7.00pm
2-4 September, 2022 Bhopal. M. P.
Awadh Mudra Utsav -2022 : 9, 10, 11th Sep 2022, Lucknow, Uttar Pradesh
MCS - 2022 Mumbai Coin Society Exhibition : 16 - 18 September 2022
Indian Coins List Or Selling price of Old India coins
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