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Actual Value of Lightest Five Paise (पाँच पैसे) Coin
Welcome once again to the city of coins (coinbazaar88.com), today we will talk about “Five Paise” 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 talk about the lightest aluminum and magnesium coins minted between the years 1984 to 1994 and will get complete information about these five paisa coins.
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
|1984 – 1994
|aluminum and magnesium
|Fine Condition Value
|5,000 – 1,50,000
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 lightest 5 paisa coin was minted between 1984 and 1994. 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 aluminum and magnesium, the weight of these coins was 1.03 grams. The coin was square in shape and had a diameter of 22 mm. These five paisa coins were demonetized on June 30, 2011.
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 5,000 to Rs 1,50,000 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 Five Paisa Coin
What is the metal of the Indian five paisa 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.