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.

Coins of 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. From that nickel is used only for Rupee and Cupro Nickel for 50 paise coins. The other coins are made of aluminum magnesium alloy. The weight of the coin was reduced in the year 1985 to save metal. A New coin of 2 rupees was introduced in 1986. It was similar to the 1 rupee coin that it could be easily mistaken as the 1 rupee coin so it was withdrawn.  A new coin was introduced with a modified pattern. A coin of 5 rupees has also been introduced.

Commemorative Coins of India

In 1964, a new chapter was opened in the history of Indian coins. The Bombay mint undertook to issue commemorative coins. The initiative was taken by issuing Commemorative coins of the value of Rupee and 50 paise on 14 November 1964. In the memory of the Prime Minister Pandit Jawaharlal Nehru.  Who was he first Prime Minister of India. The coins were made in pure nickel and they are in the same shape, size and weight as the current coins of the same denominations.  They bore the bare head of Nehru to the left and the name Jawaharlal Nehru above and 1889-1964 below. The Ashoka Pillar capital Emblem is on the reverse top of the coin. We can see the value in numerals below the coin.  The capital was flanked by the word Bharat in Hindi on the left and India in English on the right and left of the numeral in the two languages.  The 50 paise coins were of two types one had the name of Nehru in English and the other in Hindi on the obverse.

The second series of four coin in the denominations of 10 rupees, 1 rupees, 50 paise and 20 paise were issued on 2nd October 1969. Who was the father of our nation?  In order to commemorate the birth centenary of Mahatma Gandhi.  The ten rupee coin had an alloy of 80% silver and 20% copper.  It weight is about 15 grams and 34mm in size. The other coins were of the same size, weight and metal as the coins then current of the same value. They had on obverse of the portrait head of Mahatma Gandhi with his name in Hindi and English around 1869-1948 in exergue.  The reverse was very much similar to the Nehru coins. Save that the emblem was placed in the centre instead of the top.

A third series of four coins in the denomination of rupees 100, 20, 5, and 50-paise. These coins were issued in 1985 on the first anniversary of the death of Indira Gandhi. They have her portrait on the obverse the reverse is very much similar to the above coins and they are made of similar alloy.

These commemoratives are related to personalities. Coins were also issued to commemorate events from time to time. First such coins of ten rupees and twenty paise were issued on 16th October 1970 to commemorate the silver jubilee of the Food and Agriculture Organisation of the United Nations Organisation. Both coins were made up of same alloy, size, shape and weight as the Gandhi commemorative coins of the respective values on the obverse is shown a shining sun and the top flanked by the ears of grains on either side. In the centre is a full blown lotus in a pond we can see the date below the con Food for all in English and Sabke liye anna in Hindi is written below the year. The reverse is the same as the Gandhi coins in design but with different execution.

Two cons of the denominations of 10 rupees and 50 paise were issued on 15th August 1972 on the occasion of the 25th anniversary of India’s Independence.  The 10 rupee coins is in quaternary alloy. It is made up of silver 50%, copper 40%, nickel 5% and Zinc 5%. It weight is about 22.5 grams.  The 50-paise coin is in cupro-nickel. It has same shape, size and weight as the coin the current of the same value.   A male and a female marching is in the obverse of the coin. The male holds the National flag. The Sansad Bhawan is shown in the back ground on the top is a super inscription in Hindi which means, 25the anniversary of Independence and the date 1947-1972 in the lower left side. The reverse is similar to Nehru coins in design but different in execution.

On the occasion of the International children’s year, a coin of 100 rupees was issued in 1980 depicts a music and dance scene.  The Asian Games held at Delhi in 1982 at that time a set of five coins of 100, 10, 2 rupees and 25 and 10 paise were issued. We can see the historic observatory Jantar Mantar at Delhi. A set of three coin of 100 and 10 rupees and 50 paise were issued to commemorate the Golden jubilee of the Reverse Bank of India.

A set of three coins of 100, 5-rupees and one rupee were issued on the birth centenary year of Pandit Jawaharlal Nehru in 1989 with his portrait. Development oriented coins are regularly issued annually to highlight the areas of development in the country since 1973. The coin were issued first in this series were in the denominations of 20 and 10 rupees and 50 paise.  The first two coins have the same alloy. It was used for the ten rupee coins described above the 10-rupee has also the same weight, while the 20-rupee coin was introduced for the first time weighed about 30 grams. The 50 paise coins were similar in shape, size, weight and metal as the current coins of the same denomination. These coins bear on one side a vertical tablet in the centre, on which is super imposed in Hindi Adhik anna Upajao and it is equivalent to grow more food in English. The tablet is enriched by two ears of grains and the year 1973 appears at the bottom. The other side bears the Ashoka pillar emblem capital and the denomination is in Hindi and English.

The second ‘Development oriented’ set of three coins is on the denominations of 50 and 10 rupees and 10 paise were issued on 15th August 1974. These coins bear triangle symbolizing the family planning programme and have the slogan, ‘planned families: Food for all in English and its translation Niyojit Parivar : Sabke Liye anna. The 50 rupee coin has the quaternary alloy Silver 50% copper 40% & nickel 5%. It’s weight is about 35 grams. The ten rupee has 75% copper and 25% nickel and weight 25 grams. The 10 paise coins is of the same shape, size and weight. The metal is also the current of coins in the same denomination.

Old Coin Collection in India (Numismatics)

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. They 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

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. 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. 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 type 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. Arumugam Seetharaman of Tanjore also found lot of sangam age coins.

Chera, Chola and Pandya coins are implementing their symbols. 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

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.

Kushan

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”.

Satavahanas

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

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.  We can see the goddess Lakshmi seated on a throne or a lotus seat, or the figure of the queen herself on the other side.They have Sanskrit inscriptions. It appears on Indian coins for the first time.

Western Satraps

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.

Varadhanas

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

Rajput dynasties coins were mostly made up of gold. Copper or bullion 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. We can found a goddess on the other side.

Numismatic Exhibitions Dates in India

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 Entry Free

Nellai Coins Currency and Stamps Expo 2022 : August 5, 6 and 7 2022, KRR Thangam Thirumana Mandapam, 66F/1A 1, Kaniyakumari Road, (Near New Bus stand) Thirunelveli - 627005 Contact: Mr. S. J.A Noble Raj 9442178888 Timings: Morning 9am to Evening 8pm

Virasat 2022 : August 19, 20, 21 2022 Venue: Hotel Central Point, Abinandan Hall, 1st floor Shiv Talkies Chowk Besides Anand Hotel Bilaspur (C.G) Timings10 Am to 7 Pm. Stall Booking: 0982220826, 9038025677, Information: 09977227399, 09827166409. Entry Free

Hyderabad Coin Exhibition : August 26, 27, 28 August 2022 Lotus, Grand Hotel: Gurudwara lane, Rezimental Bazaar, Opp Railway station, Secunderabad - 500025. Time: 10:00 am To 7:00 pm Entry Free

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
Venue: World Trade Center, Cuff Parade, Mumbai, Maharashtra

Coin Expo 2022 : September 30, October 1 and 2 2022 At Townhall, Ernakulam, Kerala, India, Time: 10am to 7pm Entry Free

Travancore Expo : October 14,15 and 16 2022 Venue: Bhagyamala Auditorium Chandrasekharan Nair Stadium Palayam, thiruananthapuram Time: 10 am to 8pm Entry Free

Hypex - Diamond : 19th, 20th, 21st November, 2022 Venue: Pragati Printers Lane, Red Hills, Hyderabad - 500 004 Timings: Saturday and Sunday: 10.00 am to 7.00pm Monday: 10.00am to 6.00pm

Indian Coins List Or Selling price of Old India coins

Selling price of old Indian coins List links are given below.

Malayaman Sangam Age Coin 3 hill road map Or River
Rare Sangam Age Coin List
Raja Raja chola coin Standing Man Lamp and five dots
Rare Old Raja Raja Chola
Madurai Nayak Sri Mangamma
Rare South Indian
Tirumalairaya Two Garuda with Dagger Rare Indian Coins List
Rare Indian Coins List
One or 1 Naya Paisa
Two Naya Paisa
Three Paisa
Five or 5 Paisa
Ten or 10 Paise List
Twenty or 20 Paise List
Twenty Five or 25 Paise
Fifty or 50 Paise
One or 1 Rupe
Two or 2 Rupees
Five or 5 Rupees
Ten or 10 Rupes
Twenty or 20 Rupees Coin 2019 and 2020
One or 1 Pice
List of Commemorative Coins of India
Ten or 10 Paise Commemorative Coins List
20 Paise Commemorative 
Twenty or 20 Paise Commemorative Coins of India
 25 Paise 1982 Commemorative 
Twenty Five or 25 Paise Commemorative
50 Paise Commemorative rare Indian coins list
50 Paise Commemorative
1 Rupee 1964 Commemorative of India
1 Rupee Commemorative
Two Rupee Commemorative Reverse
Two or 2 Rupee Commemorative
5 Rupee 1985 Commemorative 
Five or 5 Rupee Commemorative Coins of Indian
Ten or 10 Rupees Commemorative
British India Coin - 112 Anna Information and Value
British India Coin 12 Pice
One Quarter Anna 1907
British East India Company One Quarter Anna
Half Anna Coin British India
George VI - One or 1 Pice Hole
George VI - One Rupee Half Rupee Quarter Rupee
Two or 2 Annas
British East India Company - Quarter 14 Silver
Rare British India Coin - Half or 12 Rupee Silver
British East India Company - One or 1 Rupee Silver
One or 1 Rupee Note Information
Two or 2 Rupees Note List
Five or 5 Rupees Note
Ten or 10 Rupees Note Information
Twenty or 20 Rupees Note
Fifty or 50 Rupees Note
One Hundred or 100 Rupees Note
Two Hundred or 200 Rupees Note
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Foreign Coins List
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Australia 5 Cents - Elizabeth II 4th Portrait Obverse
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