India has had a vibrant history when it comes to coinage. Various rulers from different dynasties have issued coins featuring various elements of nature, gods and goddesses, kings etc. The tradition of issuing coins has continued over the centuries and modern coins of India also have something interesting to offer as well. When it comes to coin collecting people are more inclined towards collecting medieval and ancient coins, than modern coins. Before independence, India was under the British regime and most of the British India coins featured Queen Victoria on them.
Many people think that modern coins of India only featured Mahatma Gandhi on them along with the national emblem. Modern Indian coins also include many interesting commemorative that depict famous personalities, institutions, events and more. Modern coins don’t just consist of circular coins, many of them also were rhombus in shape. Many collectors even today like to own modern coins belonging to the Anna series. Even though modern Indian coins are not sold at very high rates in auctions, like ancient coins of India, there are many who love collecting them. One problem that many collectors face is that there is no online platform which elaborately lists all the coins. Also, it is very hard to find authenticated information on the internet about them. Modern coins of India are broadly classified as the Anna series and decimal coinage.
After India became independent on 15th August 1947, there was a time till 1950 when old British coins were still circulated. The first modern coins of India, the rupee was struck in the year 1950. The coins that were circulated from 1947 to 1950 were called as frozen money. Also, collecting ancient coins is very difficult as compared to collecting modern coins of India. To start your hobby somewhere, you can collect these coins easily and study them.