Hello Friends today we will be discussing about 50 Paise stainless steel coin, you people have also used these 50 Paise steel coins in common practice. But for some now these days, these 50 Paise coin have stopped appearing in the market. So if you also have such 50 Paise steel coin, than today I will tell you which of these year and mint coins, are valuable and collectable in today’s time.
A Brief History of 50 Paise Coin :-
Now, lets talk about the history of such coins of 50 Paise, the first 50 Paise coin was issued in the year 1957, which is a very valuable coin. Before these coins, the coins which were issued from the year 1950 to 1956. , they were coins of half rupee, although these coins was not decimal series coin and that time these coins were called as “Anna Series Coin” , which were also called as 8 Anna. After these coins, new design 50 Paise coin started from 1957 to 1963, which were made of nickel metal, the special thing these 50 नए पैसे was written on them. Then, in the year 1964 a new design came on which 50 Paise was written for the first time and on the top “रुपये का आधा भाग” was written and coins of this design were issued until 1971. Then in 1972 came 50 Paise coins, which were made from copper-nickel and these coins were last issued in 1983. The 50 Paise coins that came after them were issued from 1984 to 1990.
50 Paise coin Sold for 5 Lakh :-
After this, in the middle of these coins,50 Paise coins of stainless steel came into circulation from 1988 and from here starts the trend of 50 Paise steel coins. So as you people would know that when the design of a new coin has to be brought into practice, before that some designs of those coins are made, which we know by the name of the pattern Coin . 1988 issued 50 paise coins design were made in 1985, before it was issued, the 50 Paise pattern coin made of stainless steel, the weight of these coins was 4.51 grams, these coins were issued from Bombay Mint. The design of this 50 Paise 1988 coin was very simple , but on the coin, you guys can seeing this scratch mark on it. These are the marks of cancellation made by the mint, which are made as a form of rejection on the coins and the coin was officially canceled by the Mumbai Mint itself. So this pattern coin was auctioned on 15th December 2017 in an auction of Classical Numismatic Gallery for ₹70,000.
Then in year 1986 two more 50 Paise pattern coins were issued, which we get to see even today, which was made of stainless steel. . So these two pattern coins of 50 Paise designed in 1986, of which the first coin had a picture of a peacock but 50 Paise coins of this design never came into common practice. Which meant that this design was also cancelled, but here the other 50 Paise pattern of this set was made, here you get to see the picture of Parliament with the map of India . Which later came into common practice in 1988. So talking about the price of this pattern set, this set was auctioned on 2 December 2015 in Mumbai, these coin sets were auctioned for a price of ₹ 5,20,000.
50 Paise Steel Coin :-
Now lets Talk about the first 50 Paise coin of stainless steel, then this coin is the Calcutta Mint coin of 1988, if you get this coin in UNC condition , you have to pay 5 to 10 rupees. Apart from this, there were also coins of year 1988 issued, which were coins of the Ottawa Mint of a foreign. Although these coins are quite common. The price is between ₹ 5 to ₹ 10 running in UNC condition, so the next precious coin that comes here is the Calcutta Mint coin issued in 1992, the price of this coin, in UNC condition is between ₹ 100 and ₹ 200, the next precious coins after that are, except Noida Mint coins in 1993, the Bombay Calcutta and Hyderabad Mint coins come in the rare category, in which Coin 50 Paise of 1993 Calcutta Mint in UNC condition around ₹ 200 but if you get the 1993 Bombay mint and Hyderabad mint coins, then both these coins comes in Rare Category and the price of these two coins, in UNC condition is around 700 – 1000 Rupees. Now, this is the 50 Paise 1995 Hyderabad Mint coin. If you want this coin in UNC condition, then you may have to pay around ₹ 50 for it .
The two most precious coin is 50 Paise coin of 1997 and this is issued from Calcutta and Hyderabad Mint, if you find these two mints coins , then their price in UNC condition goes to above 300 Rupees. The next 50 Paise coin of 2003 issued only from Bombay Mint. The price of this coin, in UNC condition is around ₹ 50. After 2003, such 50 Paise coins were not issued in 2004, 2005 and 2006. 50 Paise red coins were issued in 2007, which were only issued from Noida and Calcutta mints. These two coins also come in the Scarce category. Their price, in UNC condition is around ₹ 50 . In 2008, the design of these coins was changed and they were also issued only from Hyderabad mint. The price of this coin in UNC condition is running up to ₹ 20. The design of these 50 Paise coins was changed once again in year 2010 and the last design was changed in 2016 and after 2016 no 50 Paise Coins have not been issued yet.Learn More About Fake British India Coins