India 1960(b) naya paisa
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This series was issued by India 1957-62 in large quantities. This type was also produced at Calcutta and Hyderabad, which issues may be distinguished by the presence (as here) or absence of a diamond under the date. This coin, 1/100 of a rupee, was called a "naya paisa" to distinguish it from the British paisa, which was 1/64 of a rupee. The denomination was issued until 1981, by which time inflation had rendered it useless.
Recorded mintage: 357,940,000 from Bombay, Calcutta and Hyderabad.
Specification: 1.5 g, bronze, 16 mm diameter.
Catalog reference: KM 8.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
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