The Indian Two naye paise ( hi, दो नए पैसे) (singular: ''Paisa''), is a unit of

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...

equaling of the

Indian rupee The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 ''paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use w ...

. The symbol for paisa is p.

History

Prior to 1957,

was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16

annas Annas (also Ananus or Ananias;Goodman, Martin, "Rome & Jerusalem", Penguin Books, p.12 (2007) , ; grc-x-koine, Ἅννας, ; 23/22 BC – death date unknown, probably around AD 40) was appointed by the Roman legate Quirinius as the first High ...

. Each anna was further divided to four

Indian pice Paisa (also transliterated as ''pice'', ''pesa'', ''poysha'', ''poisha'' and ''baisa'') is a monetary unit in several countries. The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the ''Paisa'' currently equa ...

s and each pice into three

Indian pie A pie (abbreviated as Ps) was a unit of currency in India, Burma and Pakistan until 1947. It was the smallest currency unit, equal to of a paisa, of an anna or of a rupee. During the mid-nineteenth century, one pie was worth 12 cowry. Mint ...

s till 1947 when the pie was demonetized. In 1955, India amended the "

Indian Coinage Act {{Infobox legislation , short_title = THE INDIAN COINAGE ACT, 1906 , legislature = Parliament of India , image = , imagesize = 150 , imagealt = , caption = , lon ...

" to adopt the metric 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".

Mintage

Two naye paise coins was minted from 1957 to 1963 at the

India Government mint The India Government Mint operates four mints in the country for the production of coins: * Mumbai, Maharashtra * Kolkata, West Bengal * Hyderabad, Telangana * Noida, Uttar Pradesh History Under The Coinage Act, 1906, the Government of Indi ...

Bombay Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second-m ...

(present day Mumbai) and borne symbol ⧫ (small dot/diamond) as mint mark. The coin has been

demonetized Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which wh ...

Total mintage

Total 1,826,326,000 coins were minted from 1957 to 1964.

Composition

Two naye paise coins were minted from

Cupronickel Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimu ...

alloy in

medallic orientation Coin orientation (or coin alignment or variations of these) is the relation of the vertical orientation of the images on the obverse and reverse sides of coins to one another. The two basic relations are called ''medallic orientation'' and ''coi ...

. The coins weighed 2.95 grams, had a diameter of and thickness of . Scalloped with eight notches, the coins had smooth edge.

Variants

References