All About First One Rupee Coin!!
By A K Rao, 6th Jul 2012 | Follow this author
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Posted in WikinutGuidesHistory
Silver Was First Time Used to Standardize a Rupee !!
- Numesmatics : Hobby Of Collecting The Coins!
- My Area Of Collection Is One Rupee Coins!
- First One Rupee Coin Ever Introduced in the History!
Numesmatics : Hobby Of Collecting The Coins!
I am a Numismatist interested in collecting One Rupee Coins. The hobby of collecting the coins is known as Numismatics and the person who collects the coins is called a Numismatist. Since it is very difficult to collect all coins of the present and past, generally Numismatists prefer to restrict their collection to one area of interest and my area of interest is “collection of One Rupee Coins!”
My Area Of Collection Is One Rupee Coins!
I collect one Rupee Coins from all the countries which have their currency as the “Rupee”. India, Pakistan, Nepal, Mauritius, Seychelles, Sri Lanka are the countries which have their currency as Rupee! Since these countries have rich history and heritage, this area becomes very vast and interesting for any numismatist!
India had several Kingdoms and Kings in the past and I am trying to collect the rupee coins from different periods like, from the period of Mughal Empire and Independent Kingdoms during this period, from the period of Indian Princely states, from the period of East India Company & Regal Coinage, from the period of independent Kingdoms during British Rule, Indian Enclaves and Indian British Rule and lastly from the period of Republic India till today! Thus it is a big area and it requires lot of research work and investment too, for most of the ancient coins are made from Silver and apart from that their antique value makes them quite an expensive Ones!
First One Rupee Coin Ever Introduced in the History!
Today I am going to talk about the first On Rupee Coin ever introduced in the History. This is a silver coin introduced by the King Sher Shah Suri, (who constructed the Grand Trunk Road in India), in 1540 AD which weighed between 11.0 – 11.16 gms. These were hand made coins, with inscriptions in Farsi language on them. Before this Coin, there was no concept of One rupee coin. There were no standard coins. The coins were of different mixed metals by different Kings with different nomenclature!
With the introduction of this One rupee in Silver with a weight of approximately 11 Gms. the rupee got standardized and One rupee was equal to 11gms of silver. This has helped the progress in the market then and also in the trade! The concept of one rupee was accepted by one and all kings there after and today’s one rupee coin is having its name originated from the Sher Shah Suri’s One rupee only, which the British Government also accepted then to have this name to their currency.
With the passage of the time, the cost of the Silver got increased in the market and British started introducing one rupee coins of silver mixed with nickel and by the time India become independent, all the silver One rupee coins were replaced by Nickel coins and today we have Ferratic Stainless Steel coins of one rupee coins with us in circulation!
Comments
7th Jul 2012 (#)
Quite interesting account of one from the days of Shersha Suri.Thanks.
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7th Jul 2012 (#)
Thanks dear Ramalingam, He is th sam person who built Grand Trunk Road Connecting North India with South India at that time!
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7th Jul 2012 (#)
thanks for sharing such as beautiful post Rao, but let me tell you that the inscriptions written (on the coin) is NOT in FARSI language; it's in ARABIC language instead..
great work and welcome to wikinut community!
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7th Jul 2012 (#)
Thanks Dear Waleed for your lovely comment ! In Farsee language they use Arabian script for writng the alphabet!
Thanks !
ref:http://en.wikipedia.org/wiki/Persian_language
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7th Jul 2012 (#)
thank you very much Rao for your prompt to correct me. thanks again i'll be looking forward to your forthcoming posts.
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8th Jul 2012 (#)
You are most welcome dear Waleed! Thannks a lot for your kind encouragement!
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22nd Jul 2012 (#)
hi A K Rao,
i to have some old coins , i wish to sell them at once all my collection,have a nice day
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22nd Jul 2012 (#)
Nice To Know about it! How oldare they dear yugasini? Thanks !
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