Republic India 1 Pice Bronze Historical Coin of 1950 to 1955 CE

1 Pice of Republic India, Year: 1950-1955 CE, Denomination: 1 Pice, Metal: Bronze, Weight: 2.92 grams, Diameter: 21 mm, Reference: KM #1, About Very Fine.

Obverse: Ashoka Lion Capital; lettering “भारत INDIA” in Devanagari & Latin.

Reverse: Denomination “ONE PICE” within a decorative wreath; date below.

The 1 Pice coin of early Republic India represents one of the first coinage issues after independence, introduced in 1950 as part of the pre-decimal monetary system where 64 pice equaled one rupee. Struck in bronze, this coin continued the traditional low-denomination currency used widely in daily transactions across rural and urban markets. The obverse features the Ashoka Lion Capital, symbolizing the sovereignty and identity of the newly formed Republic of India, while the reverse displays the denomination encircled by a floral wreath, reflecting a classic design style carried over from late colonial coinage. These coins were minted until 1955, after which India transitioned towards a decimal system in 1957, making such denominations obsolete. Today, the 1 Pice coin is valued by collectors for its historical significance as one of the earliest coins of independent India and as a representation of the country’s transition from colonial to republican monetary systems.