1962 One Rupee Coin- India 10 gm Coin

The 1962 One Rupee coin of India is an important circulation coin that marks a transition phase in Indian coinage, when India moved away from silver coins to more economical metals. This coin is popular among collectors due to its historical context, multiple mint varieties, and its role in post-independence monetary reforms.

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🪙 Historical Background

Until 1961, Indian one rupee coins were minted in silver. Rising silver prices and economic considerations led the Government of India to discontinue silver rupee coins. As a result, 1962 became the first year when the one rupee coin was issued in cupro-nickel, making it a landmark year in Indian numismatics.

The 1962 rupee thus represents:

• End of silver rupee era

• Beginning of base-metal rupee coins

• A major shift in India’s monetary policy

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🔍 Technical Details of 1962 One Rupee Coin

• Denomination: ₹1 (One Rupee)

• Year of Issue: 1962

• Metal: Cupro-Nickel

• Weight: ~10 grams

• Diameter: ~28 mm

• Shape: Round

• Edge: Security edge / Reeded

• Alignment: Medal alignment

Obverse Design

• Lion Capital of Ashoka

• Legend: सत्यमेव जयते

• Country name: भारत INDIA

Reverse Design

• Denomination: ONE RUPEE / एक रुपया

• Year: 1962

• Decorative floral motifs

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🏭 Mint Marks & Varieties

The 1962 one rupee coin was struck at multiple mints:

• No Mint Mark: Mumbai (Bombay) Mint

• Dot (•): Hyderabad Mint

Mint varieties add interest and slight value differences for collectors.

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💰 Approximate Market Value (2025)

Condition	Approx Value (₹)
Circulated	50 – 150
Extra Fine (XF)	200 – 400
Uncirculated (UNC)	600 – 1,500+
Proof / Special Strike	Rare & premium

 Value depends on condition, mint mark, strike quality, and demand.