One side of these coins features the logo of the Games while the other features the three lions from the pillar of Ashoka. The peg to the pound was at INR 13.33 to a Pound which itself was pegged to $4.03. India was one of the first issuers of coins (circa: 6th Century BC), and as a result it has seen a wide range of monetary units throughout its history. Imagine a one rupee coin, not even one that is too old, made of silver fetching Rs 6 lakhs in an auction. Rupee (RUP) is a cryptocurrency. The history of the Indian … New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. In December 2015, there was a fair bit of excitement in the numismatics circles in India when a 1939 King George VI became the most valued rupee coin in India. Imagine a one rupee coin, not even one that is too old, made of silver fetching Rs 6 lakhs in an auction. Detailed information about the coin 1 Rupee, George VI, India, British, with pictures and collection and swap management : mintage, descriptions, metal, weight, size, value and other numismatic data ET traces the history of rupee from the British era to now. The history of the rupee traces back to Ancient India circa 3rd century BC. Coins of the Indian rupee (INR) were first minted in "1950". History of Indian Rupee — from 712 AD till date. The history of the Rupee. Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees. The last known price of Rupee is $0.002549 USD and is up 0.88% over the last 24 hours. In the same year, India also adopted the new symbol for the rupee ₹, with new coins bearing this symbol being launched in 2011. Users are able to generate RUP through the process of mining. The one rupee coin was actually worth Rs 35, for every single rupee coin was being melted into 5-7 blades, as per new reports. The fallacy of 'dollar = rupee' in 1947 - Indian rupee was pegged to the British Pound till 1966 (see footnote on page 1 of this RBI document) when it was devalued and pegged to the US Dollar.A good account of the two devaluations of 1966 and 1991 is given in this paper by Johri and Miller. Rupee has a current supply of 38,424,950. The term is from rūpya, a Sanskrit term for silver coin, from Sanskrit rūpa, beautiful form. Ancient India was one of the earliest issuers of coins in the world, along with the Lydian staters, several other Middle Eastern coinages and the Chinese wen. In December 2015, there was a fair bit of excitement in the numismatics circles in India when a 1939 King George VI became the most valued rupee coin in India. The word ‘rupee’ has been derived from the Sanskrit word rupyakam, meaning a silver coin.It owes its origin to rupiya, issued by Sher Shah Suri in 1540-45.Today, the Reserve Bank of India issues currency under the RBI Act 1934. It is currently trading on 4 active market(s) with $0.025466 traded over the … 1540-45 Silver coin issued by Sher Shah Suri.