1 naya paisa (Indian coin)

Not to be confused with 1 paisa (Indian coin).
One Naya Paisa
एक नया पैसा
 India
Value  1⁄100 Indian rupee
Mass 1.5 g (0.048 troy oz)
Diameter 16 mm (0.063 in)
Thickness 1.0 mm (0.04 in)
Edge Smooth
Composition Bronze (1957-1962)
Nickel-brass (1962-1963)
Years of minting 1957 (1957)–1963 (1963)
Mintage 2,947,906,000
Mint marks Mumbai = ♦
Mumbai Proof issues = B
Hyderabad = *
Noida = °
Kolkata = No mint-mark
Circulation Demonetized
Catalog number KM#8 & KM#8a
Obverse
Reverse

The Indian One Naya paisa (Hindi: एक नया पैसा), was a unit of currency equaling  1⁄100 (one-hundredth) of the Indian rupee. The symbol for paisa is p. In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957. From 1957 to 1964, one paisa coin was called "Naya Paisa" (Hindi: नया पैसा) (English: New Paisa) and on 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". Naya paisa coin has been demonetized and is no longer a Legal tender.

History

Prior 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). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". Naya paisa coins were issued as a part of the "The Decimal Series".[1][2] Naya paisa coin was withdrawn from circulation and demonetized on 30 June 2011.[3]

Variants

Variants (1957-1963).
Image Value Technical parameters Description Year of minting Monetary
status
Obverse Reverse Weight Diameter Thickness Metal Edge Obverse Reverse First Last
1 Naya
Paisa 		1.5 g 16 mm 1.0 mm Bronze Plain State Emblem of India & country
name in Hindi and English. 		Face-value and year. 1957 1962 Demonetized.[4]
1.51 g 16 mm 1.1 mm Nickel-brass Smooth 1962 1963 Demonetized.[5]

See also

References

  1. ↑ "Republic India Coinage". Reserve Bank of India. Retrieved 30 November 2016.
  2. ↑ "1 paisa coin". India Numismatics. Retrieved 30 November 2016.
  3. ↑ "Currency Matters". Reserve Bank of India. Retrieved 30 November 2016.
  4. ↑ "1961 Naya paisa". numista.com. Retrieved 30 November 2016.
  5. ↑ "Nickel-brass Naya paisa". numista.com. Retrieved 30 November 2016.
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