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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. In 1957, India shifted to the decimal system, though for a short period of time, both decimal and non ...
It consisted of copper 1 ⁄ 12, 1 ⁄ 4 and 1 ⁄ 2 anna, silver 1 ⁄ 4, 1 ⁄ 3 and 1 rupee and gold 1 and 2 mohurs. In 1841, silver 2 annas were added, followed by copper 1 ⁄ 2 pice in 1853. The coinage of the EIC continued to be issued until 1862, even after the company had been taken over by the Crown .
However, Indian rupees were being smuggled from India to the states of the Persian Gulf in exchange for gold. It was estimated in 1959 that the total amount of gold in private hands in India was about US$1.75 to 2 billion – roughly two-thirds of the value of paper money in circulation.
Indian rupee coin (1862) Obverse: Crowned bust surrounded by inscription Victoria Queen. Reverse: Face value, country and date surrounded by wreath. Coin minted in 1862 and made of 91.7% silver. Royal title changed to Victoria Empress in 1877 (1884 coin shown here) Coinage under British governance of the Indian subcontinent can be divided into ...
1 Indian rupee (1918) featuring King George V. Uniform coinage was introduced in India by the British in 1835, with coins in the name of the East India Company, bearing the image of William IIII. In 1840, these were replaced by coins with an image of Queen Victoria, but the design otherwise remained the same.
Currently, one rupee coin is the smallest Indian coin in circulation. Since 1992, one Indian rupee coins are minted from stainless steel. Round in shape, the one rupee coins weighs 3.76 grams (58.0 grains), has a diameter of 21.93-millimetre (0.863 in) and thickness of 1.45-millimetre (0.057 in). In independent India, one rupee coins was first ...
Pagoda (coin) French East India Company -issued "Gold Pagoda" for Southern India trade, cast in Pondicherry 1705–1780. The pagoda, also called the hoon, [1] was a unit of currency, a coin made of gold or half-gold minted by Indian dynasties as well as the British, the French and the Dutch. It was subdivided into 42 fanams.
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...