Indian 2-paisa coin

The Indian Two paise (Hindi: दो पैसे) (singular: Paisa), is a former denomination of the Indian Rupee. The 2 coin equals 1⁄50 of the Indian Rupee. The symbol for Paisa is ().

Not to be confused with 2 naye paise (Indian coin).
Two paisa
India
Value2 (2⁄100₹)
Mass2.95 g
Diameter18 mm (0.71 in)
Thickness1.80 mm (0.071 in)
EdgeSmooth
CompositionCupronickel
Years of minting1957 (1957)–1981 (1981)
Mint marksMumbai = ⧫
CirculationDemonetized (1979)
Catalog numberKM#12
Obverse
DesignState Emblem of India with country name.
Reverse
DesignFace value and year of minting

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". Paisa coins were issued as a part of "The Decimal Series".[1][2][3]

Mintage

Two paise coins was minted only in the year 1964 at the India Government mint in Bombay (present day Mumbai) and borne symbol ⧫ (small dot/diamond) as mint mark. The coin was demonetized in 1979.[3][4]

Total mintage

Total 323,504,000 coins were minted in 1964.[4]

Composition

Two paise coins were minted from Cupronickel alloy in medallic orientation. The coins weighed 2.95 grams, had a diameter of 18 millimetres (0.71 in) and thickness of 1.8 millimetres (0.071 in). Scalloped with eight notches, the coins had smooth edge.[1][4]

See also

References
  1. "2 paise coins". India Numismatics. Retrieved 21 August 2017.
  2. "Republic India Coinage". Reserve Bank of India. Retrieved 21 August 2017.
  3. "History of Indian coins". India Numismatics. Retrieved 21 August 2017.
  4. "2 Paise". colnect.com. Retrieved 21 August 2017.
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