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George VI was the last British Emperor in India. Some of the coins of his period were used by the Independent India
until the new coins were minted. This time period was known as the “frozen” period. With WWII, the price of silver was
sky rocketing, and 0.500 purity silver was initiated but finally terminated with pure Nickel for the one Rupee coin.
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George VI (1936-1939)- 0.917 silver
After the death of King George V his son, who would been king Edward VIII, abdicated before coronation.
His brother the Duke of York was ascended the throne in 1936 and first coin with his effigy was minted in 1938
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George VI (1939-1940)-0.500 silver
The price of silver started going up after the outbreak of WWII in 1939, the practice of hoarding silver coins became common.
This led to reducing the use of silver in coins.
In 1940 it was reduced to 0.500-“Quaternary Silver Alloy.”
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George VI (1939-1947)-Nickel
In 1947, silver was completely was replaced by the pure Nickel coins.
Moreover, paper money of Rupee was introduced for cost saving.
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India: Contemporary coins with silver were issued in 1969, 1976, 1985 & 1997 having Rs10, 20, 50 & 100 only (any more no Rs.1.0)
Over a period of time, cost benefit considerations led the gradual elimination of silver with the coins below Rs10.
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India: Contemporary coins with silver were issued in 1969, 1976, 1985 & 1997 having Rs10, 20, 50 & 100 only
In 1969 Gandhi coin of Rs10 was issued with 80% silver content (15gms coin wt had 12gms of silver )
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India: Contemporary coins of higher denominations with silver were introduced.
During 1976, 1985, & 1997– special coins with higher values of Rs. 10, 20, 50 & 100 were minted (containing 80 % +silver).
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