When were Indian coins first minted?

Coins of the Indian rupee ( INR) were first minted in 1950. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees.

Where are Indian coins made?

All of these are produced by four mints located across India, in Kolkata, Mumbai, Hyderabad, Noida. After Indian independence in 1947, British Indian coins were in use as a frozen currency until the dominion of India became a republic in 1950. The first rupee coins of the Republic of India were minted in 1950.

Why do Indian coins have a mint mark?

Each currency coin minted in India (and anywhere in the world) has a special mint mark on it to identify the mint. "B" or "M" in proof sets. Due to the increasing demand for the circulation of coins, the Indian government was forced to mint coins in foreign countries at various points in the country's history.

What currency was used in the new Dominion of India?

The new Dominion (or Union) of India retained the previous imperial currency with the portrait of King George VI. The basic unit of currency was the Indian rupee, which was itself divided into annas (16 annas to a rupee) and pice (the old spelling of paisa - 64 pice to a rupee).