1 Pice

Features

Issuer	India
Period	Republic (1950-date)
Type	Standard circulation coins
Years	1950-1955
Value	1 Paisa (1⁄64)
Currency	Rupee (1950-1957)
Composition	Bronze
Weight	2.92 g
Diameter	21 mm
Thickness	1.14 mm
Shape	Round
Technique	Milled
Orientation	Medal alignment ↑↑
Demonetized	1 April 1957
Number	N# 1627
References	KM# 1 Standard Catalog of World Coins (86 volumes). , Schön# 42 Battenberg Gietl Verlag (publisher). Weltmünzkatalog. Battenberg Gietl Verlag, Regenstauf, Bavaria, Germany (4 volumes).

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Obverse

Ashoka Lion Capital

Script: Latin

Lettering: GOVERNMENT·OF·INDIA

Reverse

Prancing horse facing left

Scripts: Devanagari, Latin

Lettering: ONE PICE ⭑ एक पैसा 1955

Translation: One Pice One Pice 1955

Edge

Plain

Mints

◀▶	Hyderabad, India (1803-date)
♦	Mumbai / Bombay, India (1829-date)
No mint mark	Kolkata / Calcutta / Murshidabad, India (1757-date)

Comments

NOTE: The 1950 coins are thicker and have more weight in comparison to rest of the years. The average weight of 1950 coins are 60 grains (3.8879346 Grams), 1951 and later 45 grains (2.9159510 Grams)

Mint mark details:

- 1950, Bombay mint Varieties:

Present in sets

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Date	Mintage	G	VG	F	VF	XF	AU	UNC		Frequency
Undetermined
1950	14 000 000		$ 0.31	$ 0.31	$ 0.31	$ 1.10	$ 1.10		KM#1.2 (1.6 mm thick, 1.0 mm edge rim, 3.88gm weight)	9%
1950 ♦	32 080 000		$ 0.07	$ 1.10	$ 1.10	$ 1.10	$ 1.10	$ 1.50	KM#1.1 (1.6 mm thick, 0.3 mm edge rim, 3.88gm weight)	9%
1950 ♦			$ 0.97	$ 0.97	$ 0.97	$ 0.97	$ 1.10		KM#1.2 (1.6 mm thick, 1.0 mm edge rim, 3.88gm weight)	7%
1950 ♦									KM#1.2 (1.6 mm thick, 1.0 mm edge rim, 3.88gm weight) Proof	1.0%
1951	127 300 000		$ 0.12	$ 0.35	$ 0.58	$ 0.66	$ 0.74	$ 1.50	KM#1.3 (1.2 mm thick, 0.8 mm edge rim)	19%
1951 ♦	104 626 000	$ 0.14	$ 0.14	$ 0.53	$ 0.81	$ 0.82	$ 0.84		KM#1.3 (1.2 mm thick, 0.8 mm edge rim)	23%
1952 ♦	213 830 000	$ 0.11	$ 0.12	$ 0.14	$ 0.51	$ 1.10	$ 1.30	$ 1.50	KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	28%
1953	111 000 000	$ 0.16	$ 0.16	$ 0.50	$ 0.75	$ 0.81	$ 1.20	$ 1.20	KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	18%
1953 ◀▶						$ 26			KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	1.6%
1953 ♦	242 358 000	$ 0.12	$ 0.12	$ 0.33	$ 0.63	$ 0.87	$ 0.88	$ 1.60	KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	26%
1954				$ 0.35	$ 0.35	$ 0.80	$ 0.80	$ 0.80	KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	8%
1954 ◀▶									KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	1.5%
1954 ♦	136 758 000	$ 0.10	$ 0.41	$ 0.63	$ 0.72	$ 0.72	$ 0.96	$ 1.50	KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	31%
1954 ♦								$ 290	KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim) Proof	1.3%
1955 ◀▶									KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	0.9%
1955 ♦	24 423 000				$ 0.52	$ 0.67	$ 0.96	$ 1.70	KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim)	10%

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 38437	2 Jun 2019	1950 ♦ – KM#1.2 (1.6 mm thick, 1.0 mm edge rim, 3.88gm weight) Proof	UNC	The lot includes several items.
© Heritage Auctions
	Heritage Auctions 2025 August 17 Spotlight: India World and Ancient Coins Showcase Auction 61537 Lot 23245	17 Aug 2025	1954 ♦ – KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim) Proof	UNC (NGC PR65 Red)	USD 288.00 (incl. buyer's premium)
© Heritage Auctions
	Heritage Auctions Thursday World & Ancient Coins Weekly Online Auction 232005 Lot 65352	30 Jan 2020	1954 ♦ – KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim) Proof	UNC (NGC PR64 Red Cameo)	USD 192.00 (incl. buyer's premium)
© Heritage Auctions
	Heritage Auctions Thursday World & Ancient Coins Weekly Online Auction 231938 Lot 63354	19 Sep 2019	1954 ♦ – KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim) Proof	UNC (NGC PR64 Red Cameo)	Unsold
© Heritage Auctions
	Heritage Auctions The Hamilton Collection of British India Coins Internet Auction 271921 Lot 38438	2 Jun 2019	1954 ♦ – KM#1.4 (Larger date, 1.2 mm thick, 0.8 mm edge rim) Proof	UNC	The lot includes several items.
© Heritage Auctions