Value List Price Of Old Indian Coins
Indian currency coins are valuable collectors items. They are popular with collectors because they represent a period of Indian history. The different coins depict the cultural and traditional aspects of India.
The price of old Indian coins varies depending on the year the coin was minted, the condition of the coin, and the demand for the coin. It is important to know the value of the coin and to be aware of any fakes that may be circulating.
Many collectors are interested in buying old Indian coins, so you will likely be able to find a buyer if you are willing to sell.
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History Of Indian Currency Coins
The history of Indian currency coins can be traced back to the time of the Mahabharata. The word "coin" is derived from the Sanskrit word "karshapana".
The gold mohur was introduced by Sher Shah Suri during his reign in the 16th century. These coins were round in shape and had a hole in the middle. The British rupee was introduced in 1835, following the takeover of India by the British. After independence, India continued to use the same coins as the British did. These coins were made of brass and had a lion on one side and the national emblem on the other.
In 1957, aluminum 1 paisa and 2 paise coins were introduced. In 1964, cupro-nickel 5 paise and 10 paisa coins were introduced followed by 25 paise and 50 paisa cupro-nickel coins in 1967.
One rupee coin was reintroduced in 1979 made of stainless steel with Re.1 on the obverse and two lions facing each other with "Satyameva Jayate" inscribed below.
In 1996, a new series of coins was introduced in which the sizes of the coins were reduced and the designs were changed. The 1 rupee coin was made smaller and lighter. The 1 rupee coin was made of copper-nickel while all other denominations were made of aluminum.
In 2006, the Reserve Bank of India issued a new series of coins, with enhanced security features.
So there you have it – a brief history of Indian currency coins and their current market values!
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Old Indian Coins Value Price
Some of the most valuable old Indian coins are those that were minted during World War I, as they are made of silver. If you happen to own an old Indian coin, it is best to get it appraised by a professional to find out its true value.
It is no surprise that there is a high demand for coins like the Re 1, Rs 2, and old notes of Rs 1, Rs 2, Rs 5, which some reports claim that you may make up to Rs 10 lakh by selling them.
One of the country most coveted coins, a Re 1 coin was sold for over Rs 10 crore at an online auction.
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Price List Of Rare Indian Coins
There are a few rare Indian coins that are worth a lot of money.
1 rupee coin minted in 1835 – This coin is very rare and is worth around Rs. 100,000.
2 anna coin minted in 1911 – This coin is made of copper and nickel and is very rare. It is worth around Rs. 25,000.
5 rupees Indira Gandhi coin – This coin is made of silver. It is worth around Rs. 60,000.
1 rupee coin minted in 1918 – This coin was also minted during World War I and is made of silver. It is worth around Rs. 40,000 to Rs. 1,20,000.
1/4 anna coin minted in 1938 – This coin is made of bronze and is very rare. It is worth around Rs. 3,00,000.
1 rupee coin minted in 1979 – This coin is made of stainless steel and is very rare. It is worth around Rs. 10,000.
2 rupee coin minted in 2000 – This coin is made of copper-nickel and is very rare. It is worth around Rs. 20,000.
5 rupee coin minted in 2006 – This coin is made of nickel-brass and is very rare. It is worth around Rs. 50,000.
So there you have it – a list of some of the rarest Indian currency coins! If you happen to own one of these coins, then you are in luck – it is likely worth a lot of money!
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FAQs on Indian Old Coins
What is the current market value of old Indian coins?
The current market value of old Indian coins ranges from a few hundred rupees to a few thousand rupees, depending on the coin metal composition and year of minting.
How can I find out the value of my old Indian coin?
If you happen to own an old Indian coin, it is best to get it appraised by a professional to find out its true value. The above list also offers an overview on the current rates of old Indian currency coins.Are old Indian coins worth more than new Indian coins?
It depends on the coin. Some old Indian coins are worth more than new Indian coins, while others are not.What is the most valuable old Indian coin?
The most valuable old Indian coin is the 10 rupee coin minted in 1918, which is made of silver. It is worth around Rs. 1,20,000.What is the value of a Re 1 coin minted in 1835?
The value of a Re 1 coin minted in 1835 is around Rs. 100,000.What is the value of a 2 anna coin minted in 1911?
The value of a 2 anna coin minted in 1911 is around Rs. 25,000.What is the value of a 5 rupee coin minted in 1917?
The value of a 5 rupee coin minted in 1917 is around Rs. 60,000.
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Conclusion:So there you have it – a brief history of Indian currency coins and their current market values. Indian antique coins are always in demand and make for a great investment. If you happen to have old Indian antique coins then do not forget to make a collection of it and make the most out of it.
- Adison Aind
- Submitted on: October 14,2023
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