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Actual Value of 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 only talk about the Aluminum coins minted between the years 1967 to 1984 and will get complete information about these five paisa coins.
If you have any Five Paisa coin and want to sell it then we have tried our best to provide you complete information about where and how to sell it through this post. Along with this, you will also be able to know today’s real value of the 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
|Fine Condition Value
|25,000 – 2,50,000
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 5 paisa coin was minted between 1967 and 1984. 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, the weight of these coins was 1.6 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 value of these coins depends on the year of minting and mint, with the Bombay Mint coins being the most valuable, ranging from Rs 25,000 to Rs 2,50,000.
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 5,000 to Rs 2,50,000 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.
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FAQs – Complete Information About Five Paisa Coin
Can I sell my old coins in India?
Yes, you can easily sell any of your historical, rare, monumental, antique etc. coins both online and offline. For those interested in old and rare coins, there are many options available like coin dealers, auction houses and e-commerce companies etc.