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Actual Value of First Five (पाँच पैसे) Paise Coin
Welcome once again to the city of coins (coinbazaar88.com), today we will talk about “Five Paisa” coins. Actually, from the year 1964 to 1994, three types of five paise coins were minted. In which the first coin was made of Copper and Nickel metal, the second coin was made of Aluminum metal and the third coin was made of aluminum and magnesium metal. Through this post, we will only talk about the Copper and Nickel coins minted between the years 1964 to 1966 and will get complete information about these five paisa coins. A total of 4,924,011,110 five paise coins were minted between 1964 and 1994.
If you have any five paisa coins and want to sell them, then we have provided you with complete information about where and how to sell them through this post. Along with important information, you will also be able to know today’s actual value of this old coin.
Decimalization was not done in India till 1957 and between 1835 and 1957 AD the rupee was divided into 16 annas. But in 1955, the “Indian Coinage Act” was amended to regulate coinage in India and the metric system was adopted, after which one paisa coins were issued on 1 April 1957.
From 1957 to 1964, the paisa coin was called “naya paisa”. But on 1 June 1964 the word “naya” was dropped from use and the denomination began to be called simply “paisa”. The paisa coins were issued as a part of “The Decimal Series”.
|Year of Launch
|1964 – 1966
|Copper and Nickel
|Fine Condition Value
|25,000 – 5,00,000
The five-paise coin is a former denomination of the Indian rupee. Whose 1 coin was equal to 1⁄20 of the Indian rupee. The 5 paisa coin was minted between 1964 and 1966. The 5 paise coin was minted in three Indian government mints Bombay (present-day Mumbai), Hyderabad and Calcutta (present day Kolkata) mint. Mumbai Mint coins have a mint mark ⧫ (diamond/dot) and Hyderabad Mint coins have a star (*) while Kolkata Mint coins have no mint mark.
On one side of these coins, there is a picture of Ashoka Pillar and on the other side of the coin, 5 paise is written. Made of copper and nickel, the weight of these coins was 4.05 grams. The coin was square in shape and had a diameter of 22 mm. These five paisa coins were demonetized on June 30, 2011.
The price value of some of these coins is very high, such as the coins of Hyderabad Mint are the most valuable, whose price can range from Rs 1,50,000 to Rs 5,00,000.
Due to their rarity, these coins are in great demand among coin collectors. If these coins are available and in good condition then you can get Rs 25,000 to Rs 5,00,000 for them, but if your coins are in good condition then you can get lakhs of rupees for them. The value of these coins also depends on which year and from which Indian mint these coins were issued.
If you want to know complete information about all Indian old coins price list then you have come to the right site. We can also discuss about the year of minting, material, size, shape as well as the current date price value of coins. Visit this link and get complete information about all the old coins.
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FAQs – Complete Information About First Five Paisa Coin
In which year were the first five paise coin issued?
The first 5 paise coin made of copper and nickel was minted between 1964 and 1966. This 5 paise coin was minted in three Indian government mints, Bombay, Hyderabad and Calcutta. In 1994 coins were discontinued.