If you have an old 1 Pice coin lying in your drawer or passed down by your grandparents, don’t be quick to ignore it. These small bronze coins, especially those minted between 1950 and 1955, can fetch surprising amounts today. This article will help you understand the 1 Pice coin value in Indian Rupees, what makes some of them rare, and how you can identify valuable ones.
1 Pice Coin Quick Summary
| Feature | Details |
|---|---|
| Valuable Years | 1953, 1954, 1955 (Hyderabad Mint) |
| Mint Mark to Look For | * (Hyderabad) |
| Highest Value Coin | 1955 Hyderabad coin – up to ₹6,000 |
| Condition Matters | UNC or well-preserved coins preferred |
| Metal Composition | Bronze, 2.92 g |
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History of 1 Pice Coin in India
Before India adopted the metric system for coinage in 1957, the Indian currency was divided differently:
- 1 Rupee = 16 Annas
- 1 Anna = 4 Pice
- 1 Pice = 3 Pies
The 1 Pice coin was a standard unit in this pre-decimal currency system. The bronze 1 Pice coin that circulated after India’s independence was introduced in 1950 and continued till 1955. These coins featured the Ashoka Lion Capital on the front and a horse image on the reverse, making them distinct and collectible.
1 Pice Coin Specifications
| Attribute | Detail |
|---|---|
| Country | India |
| Coin Type | Standard Circulation Coin |
| Denomination | 1 Pice (₹ 1/64 of a Rupee) |
| Years of Minting | 1950 – 1955 |
| Metal | Bronze |
| Weight | 2.92 grams |
| Diameter | 21 mm |
| Shape | Round |
| Obverse | Ashoka Lion Capital, “Government of India” text |
| Reverse | Horse Image, Year, One Pice / एक पैसा text |
Rare and Valuable 1 Pice Coins (1950–1955)
Not all 1 Pice coins are equal in value. Some mints and years are more rare, especially in UNC (Uncirculated) condition. The Hyderabad Mint coins are among the most valuable.
| Year | Mint Location | Mint Mark | Value in INR (Approx.) |
|---|---|---|---|
| 1953 | Hyderabad | * | ₹2,500 – ₹4,000 |
| 1954 | Hyderabad | * | ₹3,000 – ₹4,500 |
| 1955 | Hyderabad | * | ₹4,000 – ₹6,000 |
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What Affects 1 Pice Coin Value in Indian Rupees?
Several factors can impact the coin’s worth in today’s market:
- Year of Minting: Earlier years and special mint runs are more valuable.
- Mint Mark: Coins from Hyderabad (*) are especially rare.
- Condition: UNC (Uncirculated) or well-preserved coins get better prices.
- Rarity: If fewer coins were produced in a particular year, their value increases.
- Demand: Coins with unique features like a horse on the back are more popular among collectors.
How to Identify a Valuable 1 Pice Coin
To check if your 1 Pice coin is valuable:
- Check the Year: Preferably 1953, 1954, or 1955.
- Look for Mint Mark: A small “*” or symbol below the year means it was minted in Hyderabad.
- Observe the Condition: No scratches, sharp details, and no rust increase its value.
- Design: Ashoka pillar on front and horse on reverse — these are more sought after.
Where to Sell 1 Pice Coins in India
If you have rare 1 Pice coins, here are a few places where you can sell or get them valued:
- Online Marketplaces: eBay India, OLX, Quikr, and Numista
- Coin Dealer Shops: Find certified numismatic dealers in your city
- Coin Exhibitions: Attend collector fairs and exhibitions
- Social Media Collector Groups: Facebook groups or WhatsApp coin communities
- Auction Sites: Reputed numismatic auction platforms like Classical Numismatic Gallery
Frequently Asked Questions (FAQs)
Is the 1 Pice coin still legal tender in India?
No, the 1 Pice coin was demonetized and is no longer legal tender. Its value now is for collectors and historical interest.
What is the most valuable 1 Pice coin?
The 1955 Hyderabad Mint 1 Pice in UNC condition can be worth up to ₹6,000 in the collector’s market.
How can I check if my coin is from Hyderabad mint?
You can sell them on online marketplaces like eBay India, in coin exhibitions, or to certified coin dealers in your area.
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Conclusion
The 1 Pice coin value in Indian Rupees can be surprisingly high if you have the right year, mint, and condition. With the growing interest in vintage and historical coins, these small bronze coins from the 1950s are becoming collectibles. If you own one, take a moment to inspect it you might be holding a piece of history worth thousands!