The Indian50 paisacoin, popularly calledAthanni,is a denomination of theIndian rupee,equal to half a rupee, that is very rarely found in everyday circulation. Currently it is the lowest circulating denomination of the Indian rupee. The symbol for paisa is (). On 30 June 2011, when the25 paisaand all other lower denomination coins were officiallydemonetised,the 50 paise coin became the lowest circulating denomination of the Indian rupee.[1]
![](https://upload.wikimedia.org/wikipedia/commons/thumb/a/a6/50_Paise_coin%2C_India%2C_1982.jpg/220px-50_Paise_coin%2C_India%2C_1982.jpg)
India | |
Value | 50![]() |
---|---|
Mass | 2.9 g |
Diameter | 19 mm (0.75 in) |
Thickness | 1.5 mm (0.06 in) |
Edge | Reeded |
Composition | Nickel(1957-1971) Cupronickel(1972-1990) Stainless steel(1988-2016) |
Years of minting | 1957 | –2016
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 Indiawith country name |
Reverse | |
Design | Face value and year flanked byNational flower of India |
![](https://upload.wikimedia.org/wikipedia/commons/thumb/6/65/50_Indian_Paise_%281946%29.jpg/220px-50_Indian_Paise_%281946%29.jpg)
History
editPrior to 1957, theIndian rupeewas notdecimalised.From 1835 to 1957, the rupee was divided into 16annas.Each anna was further divided into fourIndian paises(pice) and each paise into threeIndian piestill 1947 when the pice was demonetised. In 1955, theParliament of Indiaamended the "Indian Coinage Act"to adopt the decimal 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".[2][3][4]In 2019, new coins were adopted, but the 50 paise coins were not updated as they have ceased to be in common circulation.[citation needed]
See also
editReferences
edit- ^"Reserve Bank of India".www.rbi.org.in.Retrieved2021-04-29.
- ^"Republic India Coinage".Reserve Bank of India.Retrieved10 January2017.
- ^"50 paise coins".India Numismatics.Retrieved10 January2017.
- ^"History of Indian coins".India Numismatics.Retrieved30 November2016.