Repealed or not in force · As amended up to 2026-08
(3) All nickel, copper and bronze coins which may have been issued under this Act before the 24th day of January, 1942 shall continue as before to be a legal tender in payment or on account for any sum not exceeding one rupee.]
²[(4) All new coins in the naya paisa series, designated as such under the notification of the Government of India in the Ministry of Finance, Department of Economic Affairs, No. S.R.O. 1120, dated 11th May, 1956 which may have been issued under this Act prior to the commencement of the Indian Coinage (Amendment) Act, 1964, shall continue to be a legal tender in payment or on account,—
(a) in the case of a half-rupee or fifty naye paise coin, for any sum not exceeding ten rupees;
(b) in the case of any other coin, for any sum not exceeding one rupee.]
¹ Ins. by Act 28 of 1968, s. 3 (w.e.f. 1-11-1968).
² Ins. by Act 17 of 1964, s. 2 (w.e.f. 1-6-1964).
9th (R)—Vol. III [31. 12. 1971]
(2) All silver coins issued under this Act after the 10th day of March, 1940 ¹[and before the commencement of the Indian Coinage (Amendment) Act, 1947] shall continue as before to be a legal tender in payment or on account,—
(a) in the case of a rupee coin, for any sum;
(b) in the case of a half-rupee coin, for any sum not exceeding ten rupees;
(c) in the case of a quarter-rupee, for any sum not exceeding one rupee:
Provided that the coin has not been defaced and has not lost weight so as to be less than—
(i) 176.4 grains Troy in the case of a rupee coin, or
(ii) 88.2 grains Troy in the case of a half-rupee coin, or
(iii) such weight as may be prescribed in the case of a quarter-rupee coin.
3[15A. Notwithstanding anything contained in 4[section 13], the Central Government may, by notification in the Official Gazette, call
Power to call in coin.
1 Ins. by Act 31 of 1955, s. 2 (w.e.f. 1-4-1957).
2 Ins. by Act 17 of 1964, s. 3 (w.e.f. 1-6-1964).
3 Ins. by Act 10 of 1924, s. 3.
4 Subs. by Act 28 of 1947, s. 7, for "section 12, section 13, or section 15". The word and figures "section 14" before the word "or" were omitted by Ordinance 4 of 1942, s. 5.
[31. 12. 1971] 9th (R)—Vol. III
COINAGE ACT, 1906
(b) in the case of a half-rupee coin, for any sum not exceeding ten rupees;
(c) in the case of any other coin, for any sum not exceeding one rupee:
Provided that the coin has not been defaced and has not lost weight so as to be less than such weight as may be prescribed in its case.
Source: India Code