George VI 1936 to 1947 – Two & a Half Rupees

The shortage of silver caused by the Second World War led to consideration being given to ways of reducing the amount required for the Indian coinage. One rather novel suggestion was to produce a coin called a ‘dollar’ and worth 2 ½ rupees (a coin of this value had been considered back in 1837, although for different reasons – see William IV). Since these coins were to weigh 225 grains, against 450 grains for two rupee coins plus one half-rupee coin, this would reduce the amount of silver used. Furthermore, fewer of this denomination would be required for any given rupee value and mint machinery could then be released for other purposes.