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Re 1 Republic India 1950 Issue Unique and Rare

SKU: RE753306

HSN: 9705

699

Seller: WEALTH TRUST

The 1 Rupee coin from 1950 holds significant historical value as it was the first coin issued by independent India after gaining independence in 1947. It reflects a transitional period in India's history, marking the shift from British colonial rule to an independent republic.

Key Historical Details and Significance:

  1. Issued Under the Republic of India:

    • The coin was released in 1950, the same year India adopted its Constitution (January 26, 1950) and officially became a Republic.
  2. Design Features:

    • Obverse (Front):
      • Featured the Lion Capital of Ashoka at Sarnath, a symbol of India’s heritage and governance.
      • The words "भारत" (Bharat) in Hindi and "INDIA" in English were inscribed.
    • Reverse (Back):
      • Depicted the coin's value, "1 Rupee," written in both Hindi and English.
      • A sheaf of grain surrounded the numeral, symbolizing agriculture's importance to India.
      • The year of minting, "1950," appeared at the bottom.
  3. Metal Composition:

    • The coin was made of nickel, reflecting the scarcity of precious metals in post-independence India.
  4. Cultural and Economic Significance:

    • The coin symbolizes India’s newfound sovereignty and self-reliance.
    • Its design elements highlighted the emphasis on agriculture and industrial development, core goals of the nation's first Five-Year Plan.
  5. Rarity and Collectibility:

    • The 1950 1 Rupee coin is rare and highly sought after by collectors because it was part of the first batch of coins produced after independence.

 

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