The Indian five paise ( hi, पाँच पैसे) (singular: ''Paisa''), is former denomination 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 wh ...

. The 5

coin equals of the Indian Rupee. The symbol for paisa is ( Indian Paisa symbol

History

Prior to 1957,

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 wh ...

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. Mintin ...

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''. Plural: ''Naye paise''). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa" (or paise for denomination greater than one). Paisa coins were issued as a part of "The Decimal Series". Five paise coins were minted from 1964 to 1984. 5 paise was equivalent to four-fifths of an anna (0.8 anna).

Mintage

Five paise coins were minted from 1961 to 1984 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 ...

s in

Mumbai 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- ...

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

and

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

. The coins were

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 ...

in 1994.

Mint marks

Depending on the mint producing the coins, following mint marks appear:

Total mintage

Total 4,924,011,110 coins were minted from 1964 to 1994.

Composition

Five 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 ...

Aluminium Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. I ...

and Aluminium-magnesium in medallic alignment. The coins were

rhombus In plane Euclidean geometry, a rhombus (plural rhombi or rhombuses) is a quadrilateral whose four sides all have the same length. Another name is equilateral quadrilateral, since equilateral means that all of its sides are equal in length. The ...

shaped and had smooth edge. *1964-1966:

. *1967-1984:

. *1984-1994: Aluminium-magnesium.

Variants

References

{{Authority control Coins of India Historical currencies of India Five-cent coins