The first Reserve Bank issues were signed by the second Governor, Sir James Taylor. The Indian rupee derives its name from the rupiya, a silver coin first issued by Sultan Sher Shah Suri in the 16th century. Bitcoin price since 2009 to … In late 2007, the Indian Rupee reached a record high of 39 Indian national rupee per United States dollars, on account of sustained foreign investment flows into the country. At the end of 1969, the Indian Rupee was trading at around 13 British pence[clarification needed]. Each anna was further divided to four Indian pices (from 1835 to 1947, each pice was divided into three Indian pies; till the pie was demonetized in 1947). In 1991, India still had a fixed exchange system, where the rupee was pegged to the value of a basket of currencies of major trading partners.  From 1862 to 1939 AD, one rupee coins were minted from 0.917 silver, weighed 11.66 grams (179.9 grains), had a diameter of 30.78 millimetres (1.212 in) and thickness of 1.9 millimetres (0.075 in). Find many great new & used options and get the best deals for 1911-1933 China Szechuan Tibet Silver One Rupee Coin PCGS Y-3.2 VF 35 古味老包浆 at the best online prices at … The British King’s portrait was replaced with the engraving of Ashoka’s Lion Capital of Sarnath, and the tiger on the 1 rupee coin was replaced with a corn sheaf. Rupee definition, a cupronickel coin and monetary unit of India, Nepal, and Pakistan, equal to 100 paise. 10,000 notes were demonetized in 1978. Coins were minted in different mints like Ujjain, Agra, Punduah, Chunar, Satgaon etc. This triggered a wave of irreversible liberalisation reforms away from populist measures. Initially, it was felt that the King's portrait is replaced by a portrait of Mahatma Gandhi. Another word ‘rupaalu’ is an adjective and means ‘shapely’, and was used for a piece of silver that was ‘stamped or impressed’ like a coin is or was. This page was last edited on 6 December 2020, at 00:48. Distribution. Make offer - British India George V Silver Coin 1918 C One 1 Rupee High Grade VERY RARE 1911C..CALCUTTA & RARE 1911b King George V PIG One Rupee Silver Coins £420.00  After continued depreciation, and high inflation, the then Prime Minister of India, Manmohan Singh, made a statement in the Parliament of India on the issue. The overall colour of One Rupee Currency note will be predominantly pink green on obverse and reverse in combination with others. The first "Mahatma Gandhi Series" was introduced in 1996. 1/2. Dollar price made its highest peak against the Indian rupee this week. The new coins had the effigy of William IV on the obverse and the value on the reverse in English and Persian. At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to Rs 13.33 to the pound. The new currency was equal to the British pound and was subdivided into 1000 Baisa. rupees were used in Australia for a limited period. The silver coins of smaller denominations were issued in cupro-nickel. Product Code: MININDI00012-7 The mention of rūpya by Panini is seemingly the earliest reference in a text about coins. ₹10, ₹20, ₹50 and ₹100 were issued with old notes of the same value still being legal tender. Following the Independence of India the Government of India brought out the new design Re.1 note in 1949. Want to see your stuff here? This makes a beautiful ring perfect for a specia save. The Indian 1-rupee coin (₹1) is an Indian coin worth one Indian rupee and is made up of a hundred paisas. 6 centimeters (1. The Reserve Bank of India was formally inaugurated on Monday, 1 April 1935 with its Central Office at Calcutta. Just a couple of days before his retirement from the Supreme Court of India, Justice Arun Mishra gave the people of India a special gift: a ONE RUPEE COIN! The British Raj lasted until Indian independence in 1947. The reverse of all one rupee coins minted after 1835 and before 1862 AD bore "East India Company" instead of the country's name. Due to stagnant reforms, and declining foreign investment, rupee started depreciating in the early 2013. Melting of coins for their metal value made a silver One Rupee 1939 coin of British India highly rare. now, i gave them to my daughters as a memento of their time in india. “Prices of silver surged during the World War I, so they first printed the note with a photo of the prevalent silver coin on it. The monetary system was retained with one Rupee consisting of 16 Annas. There is some historical evidence to show that the first coins may have been introduced somewhere between 2500 and 1750 BC. During the first world war British domination was there. Today, the Reserve Bank of India issues currency under the RBI Act 1934. The government was close to default and its foreign exchange reserves had dried up to the point that India could barely finance three weeks’ worth of imports. The gold silver ratio expanded during 1870–1910. After a few years, the initial "naye" was dropped. This led the government to devalue the rupee.. The silver coin remained in use during the Mughal period, Maratha era as well as in British India. Sort by. This change commenced with the introduction of the new hexagonal 3 paise coin. The English coins of Western India developed along Mughal as well as English patterns. Namaskar Doston, is video mein maine aapko jankari di hai old coins & currency notes ki values aur real price ki. BRITISH INDIA ONE RUPEE SILVER COIN RING (1847-1901) HISTORY Made from .917 silver. AVS Housing Colony, Hosur Today. Download One rupee coin stock photos. As in 1966, India faced high inflation and large government budget deficits. George VI profile portrait changed to frontal portrait, RBI, 1943, Trübner’s Oriental Series DA TANG XIYU JI Great Tang Dynasty Records of the Western World, translated by Samuel Beal TWO VOLUMES Kegan, Paul, Trench, Teubner & Co. London • 1906 [First Edition ‐ London • 1884], five hundred (₹500) and one thousand rupee notes (₹1,000) were demonetised, Tables of historical exchange rates to the india rupee, The Revised Standard Reference Guide to Indian Paper Money, "Devaluation of the Rupee: Tale of Two Years, 1966 and 1991", "INR AND FOREIGN CURRENCY RELATIONS FROM 1947 TO 2020", Rupee crashes to 68.75 per dollar as foreign investors flee - NDTVProfit.com, Rupee nears 69/dollar; posts biggest day fall in 18 years | Reuters, External factors led to rupee fall, reduce hunger for gold: PM, "Dispelling Myths about India's Finances post Independence", "USD Rates in 1947 to 2018 | US Dollar to INR History | 1 USD Against INR", "Busting the myth: Re 1 was not equal to $1 in 1947", http://www.moneycontrol.com/news/business/busting-the-myth-re-1-was-not-equal-to-1-in-1947-2359873.html, http://www.rediff.com/business/slide-show/slide-show-1-column-why-the-supposed-rupee-dollar-parity-of-1947-is-a-myth/20130819.htm, Journey of Indian rupee since independence, "Rupee Rebounds 17 Paise Against US Dollar", "US Dollar (USD) to Indian Rupee (INR) exchange rate history", "US Dollar to Indian Rupee Spot Exchange Rates for 2019", "US Dollar to Indian Rupee Spot Exchange Rates for 2020", "US Dollar to Indian Rupee Exchange Rate 5-Nov-2020", https://en.wikipedia.org/w/index.php?title=History_of_the_rupee&oldid=990603243, Articles with incomplete citations from November 2020, Articles with unsourced statements from July 2019, Wikipedia articles needing clarification from July 2012, Creative Commons Attribution-ShareAlike License, This page was last edited on 25 November 2020, at 12:47. For public recognition, the new decimal Paisa was termed 'Naya Paisa' until 1 June 1964 when the term 'Naya' was dropped. Contact Supplier Request a quote. The second meaning applies to a coin. The Kathasaritsagara calls the gold Dinar coins svarna-rupakas. The term Rupataraka is mentioned by Patanjali in reference to one who checks the Karshapana coins. The first was a gold coin minted in Madras known as ‘Tharaka Pagodi’ or the Star Pagodi. I have discussed the appropriateness or otherwise of including an India Government Mint mark on one rupee notes elsewhere below in this post, as these Banknotes are issued by the Government of India and not the RBI. Find the perfect one rupee coins stock photo. Ancient India in circa 6th century BC, was one of the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters. Jump to navigation Jump to search. Be the first to share what you think! One rupee coins issued after 1835 but before 1862 AD had "East India Company" on reverse instead of country name. best. Each anna was subdivided into 4 paisas. High denomination notes, like Rs. The Monetary System remained unchanged at One Rupee consisting of 64 pice, or 192 pies. Manufacturer of British India Silver One Rupee Coins - British India Silver One Rupee, British India Silver Coin Of Rs One King George V 1911, British India Silver Coin Of One Rupee Year 1913 and British India Silver Coin Of One Rupee Year 1914 offered by Mutha Abhikaran, Udaipur, Rajasthan. , In the intermediate times there is no fixed monetary system as reported by the Da Tang Xi Yu Ji.. During his five-year rule from 1540 to 1546, Sher Shah Suri set up a new civic and military administration and issued a coin of silver, weighing 178 grains, which was also termed the Rupiya. British India - Queen Victoria - one Rupee silver coin British India Rupee silver coin Indian one Rupee Silver Coin 1877 Alwar State Queen Victoria wear the Imperial State Crown. The term was no longer in much use to refer to a coin in later eras. (equivalent to 0,01€) It was in the form of the ‘punishment’ meted out to senior public interest lawyer and activist Prashant Bhushan for a contempt of court case against him. Here we introduce a card with a 100 years worth of brief history of one rupee notes; along with an original One Rupee note of 2017 (attached with card). One Rupee, the smallest paper money denomination is celebrating its 100th anniversary on 30th November 2017. Original East India Company coins show only the coat of arms of the East India Company. The Act came into force with effect from 1 April 1957. Each rupiya coin weighed 178 grains (11.5 grams). 1 Rupee, Issued by India, 1912 Minted by Bombay Mint article Bombay Mint, Medal & Coin Makers, India 'The Calcutta mint was established by the East India Company in 1757, but other mints in Bengal continued to be used till about 1835, when the Calcutta mint was rebuilt. From Wikimedia Commons, the free media repository. In Somalia the Italian colonial authority minted 'Rupia' to exactly the same standard, and called the paisa 'besa'. Such appreciations were reflected in many currencies, e.g. One Rupee Coin, Silver Rupee Coin, India 1 Rupee in Asian Coins, Victoria Rupee, India Victoria in Asian Coins, British Victoria Coins (1837-1901), 1887 Victoria Silver Crown in Victoria Crown Coins, British Silver Coin Lots, 1900 Queen Victoria Coin in Victoria Penny Coins, Victoria 1887 Gold Coin … Table below shows sub-units of one rupee (1835-present). The value in English and Urdu - Yek rupiya (One rupee), and the date below with a spray of lotus flowers on each side and a crown above, all within a raised, toothed border. History of currency note in India. This ‘Rupee 5’ gold coins minted in 1870 under the reign of Queen Victoria weighed 3.887 g. It was certainly a very long and an interesting journey from ‘Panchia’ to the Republic India’s 5 rupee coins. The Coinage Act of 1835 provided for uniform coinage throughout India. For many years in the early and mid-20th century, the Indian rupee was the official currency in several areas that were controlled by the British and governed from India; areas such as East Africa, Southern Arabia and the Persian Gulf. With high inflation in the sixties, small denomination coins which were made of bronze, nickel-brass, cupro-nickel, and aluminium-bronze were gradually minted in Aluminium. It is not known whether final dies were actually prepared for these patterns, or whether the master matrices were used to strike the coins. , In the 17th century AD, the East India Company wanted to introduce the Pound sterling in India. There are many fake coins of East India Company, with Indian gods depicted on the obverse side as shown in side-bar. The One Rupee Coin image shows a one Rupee circulating coin image marked “19 90 ” below which is seen the “Diamond Mint mark of the Mumbai mint. The compulsion of the Second World War led to experiments in coinage where the standard rupee was replaced by the "Quaternary Silver Alloy". This account of bitcoin history resumes the first ten-years (2008 - 2019) of the cryptocurrency. Edward VIII was never featured on any one rupee coin since his reign (Jan-Dec 1936 AD) was short. The history of the rupee is dated back to 15th century with the introduction of it by Sher Shah Suri.  The rupiya was retained by the East India company till 1835 and formed the basis of the British Raj currency till 1947. The current INR 5 coin was smuggled to Bangladesh to make razors. Go on, it's quick and easy. Anna & Pice demonetized in 1957. , Arthashastra, written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya(c. 340–290 BC), mentions silver coins as rūpyarūpa, other types of coins including gold coins (suvarṇarūpa), copper coins (tāmrarūpa) and lead coins (sīsarūpa) are also mentioned. Before the Revolt of 1857, the rupee coins were issued by the East India company. The rupee was now divided into 100 'Paisa' instead of 16 Annas or 64 Pice.  The one rupee coins had bust of King William IIII (IV minted as IIII) and were first minted in 1835 AD. Section 22 of the RBI Act, 1934, empowered it to continue issuing Government of India notes until its own notes were ready for issue. One Star Pagodi was the equivalent of 45 Panam or 180 Thuttu. Defense spending in 1965/1966 was 24.06% of total expenditure, the highest it has been in the period from 1965 to 1989 (Foundations, pp 195). 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 minted in 1950 and is currently in circulation. The rupee was now divided into 100 paisa instead of 16 annas or 64 pice.The coins were initially …  Rupee coins issued after 1840 bore the busts of Queen Victoria (1840 to 1901 AD), Edward VII (1903 to 1910 AD), George V (1911 to 1936 AD) and George VI (1938 to 1947 AD). Since the one rupee coins of 1950 and 1954 were minted only in the Bombay mint, my collection of this coin …  Measures were announced by the government before this drop to prevent it from dropping further, but none managed to slow down the depreciation. Through poor engraving, the elephant looked very much like a pig. He was of the view that, the present depreciation is partly led by global factors as well as domestic factors. 100% Upvoted. , The Madras Presidency issued one rupee coins until 1815 AD. hide. The rupee was never equal to the dollar. Short History. Will make an excellent addition to anyone's foreign coin collection. 1910 1 Rs Old Coin. Affordable and search from millions of royalty free images, photos and vectors. Coins in India are presently being issued in denominations of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees. One rupee now consisted of 16 annas. Buy One Rupee Coin and get the best deals at the lowest prices on eBay! Will make an excellent addition to anyone's foreign coin collection. The Quaternary Silver coins were issued from 1940. The one rupee coin, struck at the Bombay mint, has 2 dots below the top flower and 0 dots above the bottom flower (2/0). Introduction of new coins (including one rupee coin) was done in following chronology and reasons;, From 1947 to 1957, the Indian rupee was not decimalised and was divided into 16 annas. Lajpat Nagar 1, Delhi Today ₹ 50,000 King george 1 rupee silver coin. The demand for decimalisation existed for over a century. 0 comments. The economic crisis in the late 1960s led to a reduction in the size of notes in 1967. report. Take a look at the fascinating journey of Re. ₹ 75,000 Rare one rupee coin 1907 king and emperor Edward VII. The word derives from the Sanskrit rupiya which means silver coin. One rupee was equal to twelve fanams.  These notes are being replaced by the Mahatma Gandhi New Series of notes. No need to register, buy now!  As an adjective it means "shapely", with a more specific meaning of "stamped, impressed", whence "coin". India started having the balance of payments problems since 1985, and by the end of 1990, it found itself in serious economic trouble. 10 in February, Rs 100 in March and Rs 1,000 and Rs 10,000 in June 1938. A decade later, by 1979, it was trading at around 6 British pence. He also asked the political parties to help his Government, tide over the crisis that the country was facing with rupee losing its value.. The Rupees of 1862 form an interesting collecting area independent of the other Rupees. Huge collection, amazing choice, 100+ million high quality, affordable RF and RM images. close-up of one rupee coin on wooden table - indian rupee coin stock pictures, royalty-free photos & images In this photo illustration the Indian currency notes are seen on display. To meet the Home Charges (i.e., expenditure in England) the colonial government had to remit a larger number of rupees and this necessitated increased taxation and unrest. The first one rupee coin of republic India was released in 1950. The Coins of British India One Rupee. Coins upto 50 paise are called 'small coins' and coins of Rupee one and above are called 'Rupee Coins'. Eventually, the management of paper currency was entrusted to the Mint Masters, the Accountant Generals and the Controller of Currency. 2016 saw the discontinuation of ₹500 and ₹1,000 notes due to the 2016 Indian bank note demonetisation and consequently the introduction of new a ₹500 note, and a ₹2,000 note- a first for the currency. For example, the one paisa coin carried the text "One-hundredth of a Rupee" in Hindi. Amca Spray & Allied Products. Since this was the first Indian mint, coins minted in Kolkata don't carry a mark. During his reign, Suri issued pure silver coins in 1542 and named it Rupiya (from Sanskrit रौप्य, raupya, meaning silver). It is referred to as the "gothic head". From 1968 onward, the new coins were called just Paise instead of Naye Paise because they were no more naye = new. Coins can be issued up to the denomination of Rs.1000 as per the Coinage Act, 1906. The rupiya was retained by the East India company till 1835 and formed the basis of the British Raj currency till 1947. As a result, the government issued bonds to the RBI, which increased the money supply, leading to inflation. Call +91-8047005183. The British settlements in Western India, South India, and the Eastern Province of Bengal (Calcutta) independently developed different coinages in consonance with the local acceptability of the coins for the purposes of trade. Currently, one rupee coin is the smallest Indian coin in circulation. British India One Rupee K.K. Coins in India are issued in denominations of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees, and five rupees. 1 Rupee, Issued by India, 1912 Minted by Bombay Mint article Bombay Mint, Medal & Coin Makers, India 'The Calcutta mint was established by the East India Company in 1757, but other mints in Bengal continued to be used till about 1835, when the Calcutta mint was rebuilt. Thus, the silver one rupee coin issued by King George VI in 1939 was the last pure silver one rupee coin issued in India. The second type of coin was a Copper one. The British gold coins were termed Carolina, the silver coins Anglina, the copper coins Cupperoon and tin coins Tinny. Naya Paisa Series. A corn sheaf replaced the Tiger on the one Rupee coin. Panini used rūpya to mean beautiful or stamped (ahāta). Bitcoin is the first example of decentralized digital money established in 2008 by a person or a group of people under the pseudonym of Satoshi Nakamoto. The new design of notes were largely along earlier lines. The bank issued the first five rupee note bearing the portrait of George VI in 1938. Both the Anna series and the Naye Paise coins were valid for some time. Found a One Rupee Coin from 1875. History . So one rupee was equal to 96 pice (paisa) In 1957, decimalisation occurred and the rupee was divided into 100 naye paise (Hindi/Urdu for new paisas). share. Sher Shah Suri named the copper pieces as Paisa. New The sub-unit of rupyia were copper pieces and 40 copper pieces constituted as one rupiya. The denomination remained in usage through the Mughal, Maratha, East India company and British rules. As a result of the shortage, 0.917 silver one rupee coins were replaced by Quaternary silver alloy (0.500) in 1940. Rs 50,000/Piece. Over a period, cost-benefit considerations led to the gradual discontinuance of 1, 2 and 3 paise coins in the 1970s. The coins of that period also mentioned their value in terms of the rupee to avoid confusion and cheating. , The word "rupee" is derived from a Sanskrit word "rūpya", which means "wrought silver", and maybe also something stamped with an image or a coin. Currency notes were introduced in India in 1861, and the one-rupee note was introduced by the British on November 30, 1917. The one rupee silver coin of George VI issued in 1939 is one of the rarest rupee coins available. Later on, new notes of old denominations viz. By early 1830, the British had become the dominant power in India.  The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around Rs 3.30.  Among the earliest issues of paper rupees include the Bank of Hindostan (1770–1832), the General Bank of Bengal and Bihar (1773–75, established by Warren Hastings), and the Bengal Bank (1784–91). Bitcoin history. Rūpa means form or shape, example, rūpyarūpa, rūpya – wrought silver, rūpa – form. The word ‘rupee’ has been derived from the Sanskrit word rupyakam, meaning a silver coin. In 1966, foreign aid, which had hitherto been a key factor in preventing devaluation of the rupee, was finally cut off and India was told it had to liberalise its restrictions on trade before foreign aid would again materialise. He retired from the Navy in 1790. i wondered if they might be worth anything. The history of the Rupee traces back to ancient Indian subcontinent. This was followed by Rs. In Mozambique the British India rupees were overstamped, and in Kenya the British East Africa company minted the rupee and its fractions as well as pice. The denomination remained in usage through the Mughal, Maratha, East India company and British rules. Our aim is to bring alive the many stories that make India and get our readers access to the best research and work being done on the subject. Old Coins. Find the perfect one rupee coin stock photo. Do you know the history of 1 rupee note: One rupee note was issued on 30 November,1917 under the British Raj.  Composed of 0.917 silver, the new one rupee coins weighed 11.66 grams (179.9 grains) and had a diameter of 30.55 millimetres (1.203 in). In August 1940, the one-rupee note was reintroduced as a wartime measure, as a Government note with the status of a rupee coin. It owes its origin to rupiya, issued by Sher Shah Suri in 1540-45. New Delhi BA-76B, Janakpuri, New Delhi - 110058, Delhi. Finally, however, the Lion Capital of Ashoka was chosen. No coins were stuck in the year 1948 and 1949. On the coin, the King appeared wearing the chain of the Order of the Indian Elephant. The King's Portrait was replaced by the Ashoka's Lion Capital. , In the intermediate times there was no fixed monetary system as reported by the Dà Táng Xīyù Jì.. With the mint mark, you can determine where the coin was made. Sher Shah Suri, the founder of the Sur Empire ruled North India from 1540 to 1545 AD. History . The very considerable costs of managing note issues of Rs 1, Rs 2, and Rs 5 led to the gradual coinisation of these denominations in the 1990s. The “bread and butter “ one rupee coins, with a constant message of laying stress on food production, over the past six decades, had been replaced by newer themes of “Unity in Diversity” (2005 and 2006) and “A raised thumb representing the numeral “1”shown in a Dance mudra” by a lady’s hand, probably in a Bharat Natyam pose (2007 onwards). Sher Shah Suri, during his five-year rule from 1540 to 1545, set up a new civic and military administration and issued a coin of silver, weighing 178 grains, which was also termed Rupiya. Immediately after independence, the British coinage was continued. , The British Raj started in India in 1858 AD after a century of control by the East India Company. William IV, born August 21, 1765, was the third son of George III and Sophia.At the age of 13, William became a officer in the Royal Navy. Make some extra cash by selling things in your community. Since its Independence in 1947, India has faced two major financial crises and two consequent devaluations of the rupee: In 1966 and 1991.. | Browse our daily deals for even more savings! A ₹200 note, also a first for the Indian Rupee, is currently in circulation. Find great deals on eBay for 1 rupee coin and 1 rupee coin india. The rupee remained unchanged in value and nomenclature. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas. The word "rupee" is derived from a Sanskrit word "rūpya", which means "wrought silver", and maybe also something stamped with an image or a coin. See more. This makes the 2004 2 rupee coin a rare one. In 1953, Hindi was displayed prominently on the new notes. Since 1992, one Indian rupee coins are minted from stainless steel. , Due to World War I and II, there was a shortage of silver. From 1950, India ran continued trade deficits that increased in magnitude in the 1960s. The theme for the 2 rupee coin has been national integration since the inception of the 2 rupee coin in 1982, and the design continued till 2004 when the controversial 2 rupee with the cross was introduced. In 1789, he was made Duke of Clarence. Verified Supplier. The 1/3 Mohur gold coins of Bombay Presidency later gave way to the ‘Rupee 5’ gold coins of British India, weighing roughly the same as their precursors, the Panchia. When Saroj Khan gave Amitabh Bachchan one rupee coin, actor calls it his ‘immense achievement’ Amitabh Bachchan has penned a note in memory of legendary choreographer Saroj Khan. , Arthashastra, written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (c. 340–290 BC), mentions silver coins as rūpyarūpa, other types including gold coins (suvarṇarūpa), copper coins (tāmrarūpa) and lead coins (sīsarūpa) are mentioned. A paise is 1/100th of a rupee. After that the one rupee coin came out in 1954; whererafter the design was changed in 1962, with no mintage in the in between years. indian rupees 1862. The history of the Rupee. The 1955 Indian Coinage (Amendment) Act, which came into force on April 1, 1957, introduced a ‘decimal series’. The obverse side of the coins featured the busts of Queen Victoria (1862 to 1901 AD), Edward VII (1903 to 1910 AD), George V (1911 to 1936 AD) and George VI (1938 to 1947 AD). In 1947 these were replaced by pure Nickel coins. The coins issued after 1840 bore the portrait of Queen Victoria. Finally, by the end of 1989, the Indian Rupee had plunged to an all-time low of 3 British pence. This posed problems for major exporters, IT and BPO firms located in the country who were incurring losses in their earnings given the appreciation in rupee. This coin was minted by the East India Company and the Indian Government under British direction from 1870 – 1919. It is derived from the noun rūpa "shape, likeness, image". 2 rupee, 2000. History of Indian Rupee ‘Rupee’ comes from the Sanskrit word rupyakam which means a silver coin. There's no 1rs coins above 1ogms weight from the year 1975 onwards all of the original coins will be 8gms only during this period from 1982 onwards the coins will cut down to the weight upto 6gms so buyers keep a close look on those coins which you buying with huge amount take care frnds while investing huge amount on those 10gms coins  Each rupiya coin weighed 178 grains (11.5 grams). Prominent new features included a changed watermark, windowed security thread, latent image and intaglio features for the visually handicapped.
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