India 1954(b) 1/4 rupee
This specimen was part of lot 35521 in Heritage sale 3038 (Dallas, January 2015), which sold for $1,175. The catalog description noted, "Republic Seven-Coin Proof Set 1954-(B), Bombay mint, KM-PS2, comprised of Pice - Rupee. All coins are proof and some exhibit light toning. Sold with I. G. Mint Bombay/Alipore Envelopes." No Indian coins exist dated 1948-49, 1947 dated coins being used instead. When Nehru withdrew from the British Commonwealth and declared India a republic in 1950, new coins were issued, including this quarter rupee from the Bombay mint. The coinage was decimalized in 1957.
Recorded mintage: 58,300,000 (including Calcutta) plus proofs.
Specification: 2.5 g, nickel, 19 mm diameter.
Catalog reference: KM 5.2.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage Signature Auction 3038, featuring the Empire, the Santa Catarina, the Law and the Santa Maria Collections, Dallas, TX: Heritage Auction Galleries, 2014.