I recently encountered a coin called 1 Anna Nickel Coin and I'm curious about it. What exactly is this coin? Where did it originate from and what is its historical background? I would like to know more about its significance and usage.
5
answers
MysticGlider
Mon Dec 23 2024
Coins of higher denominations, such as 2 anna and above, were all minted in silver.
mia_clark_teacher
Mon Dec 23 2024
The Indian Coinage Act of 1906 introduced a new denomination to the country's currency system.
BonsaiGrace
Mon Dec 23 2024
Smaller denominations included the one-quarter anna, which was equivalent to 1 paisa, the ½ pice, and the 1/12 anna, which was worth 1/3 paisa or 1/192 rupee.
Martino
Mon Dec 23 2024
Specifically, the act provided for the minting of a 1 anna nickel coin.
PulseRider
Mon Dec 23 2024
Prior to this act, a 1 anna coin had not existed in Indian currency.