History
Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized. In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage. Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". Paisa coins were issued as a part of "The Decimal Series".[1][2][3]
Mintage
Three paise coins were minted from 1964 to 1971 at the India Government mint in Bombay (present day Mumbai) and Calcutta (present day Kolkata). Coins borne ⧫ (small dot/diamond) symbol for Mumbai and no mint mark for Kolkata mint. Three paise coins have been demonetized.[3][4]
Total mintage
Total 1,612,704,568 coins were minted from 1964 to 1971.[4]
Composition
Three paise coins were minted from aluminium in medallic alignment. Coins weighed 1.25 grams, had a diameter of 21 millimetres (0.83 in) and thickness of 2 millimetres (0.079 in). Three paise coins were hexagonal shaped and had smooth edge.[1]
(3⁄100₹)
