old time coins

India won its independence on 15th August, 1947. During the period of transition India retained the monetary system and the currency and coinage of the earlier period and introduced a new distinctive series of coins on 15th August, 1950. The Monetary System remained unchanged at One Rupee consisting of 192 pies. 1 Rupee = 16 Annas    1 Anna = 4 Pice   1 Pice = 3 Pies  It, however, was now divided into 100 'Paisa' instead of 16 Annas or 64 Pice. For public recognition, the new decimal Paisa was termed 'Naya Paisa' till 1st June 1964, when the term 'Naya' was dropped. The value is described in Hindi explaining the value equal to the hundredth part of one rupee.  In 1965, the elaborate descriptions were dropped and the word ‘paisa’/ ‘paise’ was used both in Hindi and English. With commodity prices rising in the sixties, small denomination coins which were made of bronze, nickel-brass, cupro-nickel, and Aluminium-Bronze were gradually minted in Aluminium . In 1982,