India 1/2 and 2 Annas 1950 to 1955

The Republic of India minted these square shaped anna coins in 1950 and 1955. Only the 1955 two annas are valuable. There is a 1 anna coin with the same 3-lion pedestal and zebu, but it has wavy edges instead of a square shape.

These are modern coins made out of copper-nickel. Sometimes these coins acquire a golden toning, but there is no gold inside. As such, they are worth very little, less than $1 US dollar. Uncirculated specimens may draw upwards of $3 on eBay.

There is a current numismatic stir over two annas dated 1955. One of the reputable price guides shows this to be a wildly valuable coin, cataloging at $500 for a coin in average circulated condition. Other reputable guides show $20 for the same coin. We have checked and found high prices on eBay for this coin, but nothing in the big-time auction houses like Heritage and Stack's. Further, there are acknowledged fakes of the 1955 two annas. Until this controversy settles, proceed with caution if you are thinking of buying.
cqLastNotify