Don't Forget About the Indians

Do you have an Indian coin and want to know its value? Leave a comment

Recently I've been getting a lot of foreign money, most from Canada. This one came to me via the change from a clothing store. They must have thought it was a quarter because it is very weakly pressed that at the right angle most of design is barely visible.

Yes those are wheat stalks on the back, very reminiscent of the U.S. wheat cent. On the front are the Ashoka lion and Ashoka Chakra all symbols of the once emperor Ashoka the Great who is now 2241 years dead. Anyone taking an ancient Asian history class or history of art class is bound to run into this topic.

Back to the coin it has a mintmark under the date. The dot.
This means it is from the Noida (N) mint.

Other mints are:

• B - Mumbai (Bombay), proof issues only
• (B) - Mumbai (Bombay), a diamond
• (C) - Calcutta, no mint mark
• (H) - Hyderabad, a star (1963-- )
• M - Mumbai (Bombay), proof only after 1996
• (T) - Taegu (Korea), a star below first or last date digit
  

At the end the type of mintmark adds little to no extra value as the amount of coins made are always high. Also the exact production figures are not easy to find so it is assumed to be high.

Here's the stats...
Type/Country: 1 Rupee / India
Year: 2001 (N)
Mintage: Not yet known.
Metal: 100% Stainless Steel
Value: $0.15 in VF(this one is lower)

I suspected this may be a cast fake, as fake coins are common outside the U.S., but it weighs 4.85 grams and is magnetic so I will assume it is real just weakly struck.

Do you have a coin from India and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.