2 Naye Paise

Features

Issuer	India
Ruling authority	Republic (1950-date)
Type	Standard circulation coins
Years	1957-1963
Value	2 Paise (0.02 INR)
Currency	Rupee (decimalized, 1957-date)
Composition	Copper-nickel
Weight	2.95 g
Diameter	18 mm
Thickness	1.80 mm
Shape	Scalloped (with 8 notches)
Technique	Milled
Orientation	Medal alignment ↑↑
Demonetized	Yes
Number	N# 1625
References	KM# 11 Standard Catalog of World Coins (85 volumes).

Obverse

Ashoka Lion pedestal with the country name on both sides

Lettering: भारत INDIA

Reverse

The denomination above the date

Lettering:
रुपये का पचासवाँ भाग
2 नये पैसे 1959

Translation:
Fiftieth part of Rupee
2 New Paise 1959

Edge

Plain

Mints

	Kolkata / Calcutta / Murshidabad, India (1757-date)
♦	Mumbai / Bombay, India (1829-date)

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Date	Mintage	G	VG	F	VF	XF	AU	UNC		Frequency
Undetermined
1957			$ 0.14	$ 0.14	$ 0.44	$ 0.44	$ 0.44	$ 0.80		24%
1957 ♦	406 230 000	$ 0.07	$ 0.13	$ 0.13	$ 0.48	$ 0.50	$ 0.54	$ 0.54		30%
1958					$ 1.10	$ 1.10				5%
1958 ♦	245 660 000		$ 0.14	$ 0.31	$ 0.48	$ 0.48	$ 0.48	$ 0.48		14%
1959				$ 0.10	$ 0.35	$ 0.35	$ 0.35	$ 0.35		8%
1959 ♦	171 445 000		$ 0.07	$ 0.11	$ 0.37	$ 0.37	$ 0.41	$ 0.72		12%
1960					$ 0.39	$ 0.39				6%
1960 ♦	121 820 000				$ 0.53	$ 0.53	$ 0.53	$ 0.53		10%
1960 ♦									Proof	0.6%
1961				$ 0.15	$ 0.23	$ 1.20				9%
1961 ♦	190 610 000		$ 0.17	$ 0.17	$ 0.39	$ 0.39	$ 0.55	$ 0.57		15%
1961 ♦									Proof	0.4%
1962				$ 0.10	$ 0.23	$ 0.70	$ 1.10	$ 2.90		10%
1962 ♦	318 181 000		$ 0.21	$ 0.21	$ 0.51	$ 0.72	$ 1.00	$ 1.50		13%
1962 ♦									Proof	0.4%
1963				$ 0.11	$ 0.34	$ 0.41	$ 0.42	$ 0.45		17%
1963 ♦	372 380 000		$ 0.23	$ 0.49	$ 0.49	$ 0.49	$ 0.49	$ 0.88		24%
1963 ♦									Proof	1.1%

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this coin. Since some users own several versions, the sum may be greater than 100%.

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Heritage Auctions The Hamilton Collection of British India Coins Internet Auction 271921 Lot 38430	2 Jun 2019	1960 ♦ – Proof	UNC (PCGS PR62)	USD 132.00 (incl. buyer's premium)
© Heritage Auctions

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