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.

{{{Denomination}}}

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	1957–1963
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

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 Naya paisa coins were issued as a part of "The Decimal Series".[1][2] Naya paisa coin was withdrawn from circulation and demonetized on 30 June 2011.[3]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

• Indian paisa

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.