2 naye paise (Indian coin)

The Indian Two naye paise (Hindi: दो नए पैसे) (singular: Paisa), is a unit of currency equaling ​2⁄100 of the Indian rupee. The symbol for paisa is p.

Not to be confused with 2 paise (Indian coin).
Two naye paise
दो नए पैसे
 India
Value​2⁄100 Indian rupee
Mass2.95 g (45.5 gr)
Diameter18 mm (0.71 in)
Thickness1.80 mm (0.071 in)
EdgeSmooth
CompositionCupronickel
Years of minting1957 (1957)
Mint marksMumbai = ♦
CirculationDemonetized
Catalog numberKM#11
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 naye paise coins was minted from 1957 to 1963 at the India Government mint in Bombay (present day Mumbai) and borne symbol ♦ (small dot/diamond) as mint mark. The coin has been demonetized.[3][4]

Total mintage

Total 1,826,326,000 coins were minted from 1957 to 1964.[4]

Composition

Two naye 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]

Variants
Variants (1957-1964).
ImageValueTechnical parametersDescriptionYear of mintingMonetary
status
ObverseReverseWeightDiameterThicknessMetalEdgeObverseReverseFirstLast
2 naye paise2.95 g18 mm1.8 mmCupronickelSmoothState Emblem of India & country
name in Hindi and English.		Face-value and year.19571964Demonetized.[1]

See also

References
  1. "2 naye paise details". India Numismatics. Retrieved 26 August 2017.
  2. "Republic India Coinage". Reserve Bank of India. Retrieved 26 August 2017.
  3. "History of Indian coins". India Numismatics. Retrieved 26 August 2017.
  4. "2 naye paise". colnect.com. Retrieved 26 August 2017.
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