one rupee coin article
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The Indian 1-rupee coin (₹1) is an Indian coin worth one Indian rupee and is made up of a hundred paisas. Currently, one rupee coin is the smallest Indian coin in circulation. Since 1992, one Indian rupee coins are minted from stainless steel. Round in shape, the one rupee coins weighs 3.76 grams (58.0 grains), has a diameter of 21.93-millimetre (0.863 in) and thickness of 1.45-millimetre (0.057 in). In independent India, one rupee coins was first minted in 1950 and is currently in circulation
Sher Shah Suri, the founder of the Sur Empire ruled North India from 1540 to 1545 AD. During his reign, Suri issued pure silver coins in 1542 and named it Rupiya (from Sanskrit रौप्य, raupya, meaning silver). The denomination remained in usage through the Mughal, Maratha, East India company and British rules.The rupiya was retained by the East India company till 1835 and formed the basis of the British Raj currency till 1947.Each rupiya coin weighed 178 grains (11.5 grams). The sub-unit of rupyia were copper pieces and 40 copper pieces constituted as one rupiya. Sher Shah Suri named the copper pieces as Paisa.
In the 17th century AD, the East India Company wanted to introduce the Pound sterling in India. Due to the popularity of the Rupiya, the Pound sterling could not be introduced in India. It was only in 1717 AD that the English obtained permission from the Mughal emperor Farrukhsiyar to coin Mughal money. In 1835 AD, the Coinage Act of 1835 for uniform coinage came into force.Composed of 0.917 silver, the new one rupee coins weighed 11.66 grams (179.9 grains) and had a diameter of 30.55 millimetres (1.203 in). The reverse of all one rupee coins minted after 1835 and before 1862 AD bore "East India Company" instead of the country's name.The one rupee coins had bust of King William IIII (IV minted as IIII) and were first minted in 1835 AD.Rupee coins issued after 1840 bore the busts of Queen Victoria (1840 to 1901 AD), Edward VII (1903 to 1910 AD), George V (1911 to 1936 AD) and George VI (1938 to 1947 AD).