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Indian Rupee Coinage

Volume 178: debated on Wednesday 24 July 1907

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I beg to ask the Secretary of State for India what number of rupees was coined in the last financial year; what is the profit on each rupee at the present price of silver; what is the proportion of fine silver to alloy in the rupee; what is the proportion of fine silver in the quoted ounce of standard silver; and what number of silver dollars was coined at the Indian mints, and what is the weight and fineness of this coin.

The number of rupees coined in 1906–7, including the recoinage of old rupees, was 254,331,516. Taking the price of silver at 31 ½d. per standard ounce the net profit on the coinage of a rupee is approximately 4d. The fineness of the rupee is 916 6 per thousand; and that of standard silver is 925 per thousand. No dollars were coined at the Indian mints in 190–7.