Coins have been gateways to History since time immemorial. As archaeological sources, their evolution over time is a reflection of their contemporary society. In light of the above, find out answers to the following . a. Trace the evolution of symbols (on the obverse and reverse side) on 1, 2, 5 rupee coins, since independence till now. b. Write down the purpose and significance of the kind of metal used for each coin. c. The shape and size of the coins have changed with time. Why? Look specifically into the size and width of the 5 rupee coin.
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At Independence on 15 August 1947, India was partitioned into the new British Dominions of India & Pakistan. The new Dominion (or Union) of India retained the previous imperial currency with images of British monarchs. The basic unit of currency was the Indian rupee Explanation:In the year 1947-1950, two rupees and five rupees coins were not in circulation. One rupee coins were issued with "George VI series"
India was declared a independent republic on 26 January 1950. The first coinage of the Republic of India was issued on 15 August 1950. The portrait of the British King had been replaced by the Ashoka Pillar Lion . On the other side of the one rupee coin the Tiger was replaced by the corn sheaf . This symbolized in several respects a move towards change and growth. Many coins also contained Indian intentions. The old money structure and the former currency units were left intact. Here again there were no two rupees or five rupees coin
In 2007, in coins 1 Rupee and 2 Rupee symbol design, RBI released a new coin set, the "Hasta Mudra Set". The coins in Hasta Mudras (hand gestures of classical Indian dance). The 5 rupee piece that features waves in its design was also issued in 2007. However, the 5 rupee coin design was again reverted to the previous design
In 2011, RBI had issued a series in denominations of ₹1, ₹2, & ₹5, (along with other denominations). All these coins had the Ashoka Pillar one one sides, however, on the other side the coins had "eight stylized grain stalks"