These coins made of copper-nickel were released from Mumbai mint, in order to commemorate the birth centenary (1889-1989) of India's first Prime Minister, Jawahar Lal Nehru.
One rupee coins carry these catalog values:
1 RUPEE
worn: less than $1 US dollar approximate catalog value
average circulated: $1
well preserved: $2
fully uncirculated: $3
There are interesting die varieties in the 5 rupee coin which are well explained at this blog on India coin collecting [Press Here]. The varieties have to do with the size of the Prime Minister's portrait, the length of the 'R' serif, and the size of the teeth around the outer edge of the coin. It is an interesting study. The catalog prices for these coins go like this:
5 RUPEES (LARGE HEAD)
worn: $1 US dollars approximate catalog value
average circulated: $2
well preserved: $3
fully uncirculated: $5
5 RUPEES (SMALL HEAD)
worn: $5 US dollars approximate catalog value
average circulated: $8
well preserved: $20
fully uncirculated: $40
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