The 1 Naya Paisa coin from India was a unit of currency that existed before India switched to the "New Paisa" system. The coin was introduced after India gained independence, during a period of reorganization of the Indian currency system, which took place in 1957 when the country decimalized its currency.
Here’s a detailed description of the 1 Naya Paisa coin:
- Issuance: It was issued by the Government of India in 1957 and was in circulation until it was withdrawn in the early 1970s.
- Material: The coin was made of copper & Brass
- Size: The diameter of the coin was about 18 millimeters.
- Design:
- On the obverse side of the coin, the words "1 Naya Paisa" were inscribed, along with the Ashoka Lion emblem at the center.
- The reverse side featured a stylized pattern with the value "1" inscribed prominently.
- Inscription:
- The obverse side of the coin carried the inscription "Satyamev Jayate" (meaning "Truth Alone Triumphs") below the Ashoka Lion, which is the national motto of India.
- Context: The coin was part of the decimal system introduced in 1957, which replaced the pre-independence system where 1 Rupee was divided into 16 Annas. The 1 Naya Paisa coin represented one-hundredth of a rupee.
Due to its small value and the changing economic landscape over time, the 1 Naya Paisa coin became less commonly used and was eventually withdrawn from circulation in the 1970s. It holds historical significance today and is often collected by numismatists as a piece of Indian monetary history.