Britain ruled India until 1947. The East India Company issued many interesting coins and did not stick religiously to standard circular shape. Most of the British East India coins show the reigning British monarch on the front with rupee, mohur, and anna denominations on the back. The square pattern in our picture was used on the 1/2 and 2 anna denominations during the mid 20th century. You can see an example of a wavy-edge 1 anna coin at this CoinQuest link.
The 1/2 and 2 anna coins were minted in various metals as well, so if you have a coin with a similar pattern but different composition, the appraisal values on this page apply to your coin. Here are the stats. They apply to all dates in the series, except as noted:
1/2 ANNA (nickel-brass, copper-nickel, gold)
worn: less than $1 US dollar catalog value
average circulated: $1
well preserved: $2
fully uncirculated: $5
1940 date in gold: $500
2 ANNAS (nickel-brass, copper-nickel)
worn: less than $1 US dollar catalog value
average circulated: $1
well preserved: $3
fully uncirculated: $7
1939 with small dots at date: $16 well preserved
There are also 'proof' and 'proof-like' renditions of these coins which were minted especially for collectors and can be worth substantial amounts. If you have a nice looking example of 1/2 or 2 annas, seek out a knowledgeable collector or professional coin dealer. Experts can sometimes detect small variations in these coins which make them more valuable than the prices indicated above.
Use our Impotant Terminology page to understand what 'catalog value' means.
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