1 naya paisa (Indian coin)

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.

Not to be confused with 1 paisa (Indian coin).
One Naya Paisa
एक नया पैसा
 India
Value1⁄100 Indian rupee
Mass1.5 g (0.048 troy oz)
Diameter16 mm (0.063 in)
Thickness1.0 mm (0.04 in)
EdgeSmooth
CompositionBronze (1957–1962)
Nickel-brass (1962–1963)
Years of minting1957 (1957)–1963 (1963)
Mintage2,947,906,000
Mint marksMumbai = ⧫
Mumbai Proof issues = B
Hyderabad = *
Noida = °
Kolkata = No mint-mark
CirculationDemonetized
Catalog numberKM#8 & KM#8a
Obverse
Reverse

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 into four Indian paisas and each paisa into two 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 Naya paisa coins were issued as a part of "The Decimal Series".[1][2] Naya paisa coin was withdrawn from circulation and demonetized on 30 June 2011.[3]

Variants
Variants (1957-1963).
ImageValueTechnical parametersDescriptionYear of mintingMonetary
status
ObverseReverseWeightDiameterThicknessMetalEdgeObverseReverseFirstLast
1 Naya
Paisa		1.5 g16 mm1.0 mmBronzePlainState Emblem of India & country
name in Hindi and English.		Face-value and year.19571962Demonetized.[4]
1.51 g16 mm1.1 mmNickel-brassSmooth19621963Demonetized.[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. Retrieved 30 November 2016.
  5. "Nickel-brass Naya paisa". Numista. Retrieved 30 November 2016.
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