50 paise

Fifty paise
पचास पैसे
 India
Value ​1⁄2 Indian rupee
Mass 2.9 g
Diameter 19 mm (0.75 in)
Thickness 1.5 mm (0.06 in)
Edge Reeded
Composition Nickel (1960-1969)
Cupronickel (1970-1990)
Stainless Steel (1988-present)
Years of minting 1957 (1957)–present
Mint marks Mumbai = ♦
Mumbai Proof issues = B
Hyderabad = *
Noida = °
Kolkata = No mint-mark
Circulation In-circulation
Catalog number KM#398, KM#374 and KM#70 to KM#55
Obverse
Design State Emblem of India with country name.
Reverse
Design Face value and year flanked by National flower of India

The Indian Fifty paise (Hindi: पचास पैसे) (singular: Paisa), is a unit of currency equaling ​1⁄2 (half) of the Indian rupee. The symbol for paisa is p.

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]

See also

References

  1. ↑ "Republic India Coinage". Reserve Bank of India. Retrieved 10 January 2017.
  2. ↑ "50 paise coins". India Numismatics. Retrieved 10 January 2017.
  3. ↑ "History of Indian coins". India Numismatics. Retrieved 30 November 2016.
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