INDIA Rupee 1862 (B) Bombay Mint Victoria PCGS

INDIA Rupee 1862 (B) Bombay Mint Victoria PCGS

INDIA Rupee 1862 (B) Bombay Mint Victoria PCGS

INDIA Rupee 1862 (B) Bombay Mint Victoria PCGS

visit blog: https://coincombinat-blog.blogspot.com/



The India Rupee 1862 (B) silver coin minted at the Bombay Mint is a historically significant piece from the British colonial era in India. Here’s a detailed overview of this coin, particularly focusing on one that is PCGS graded:

Key Features of the 1862 (B) Bombay Mint Victoria Rupee Coin:

Obverse (Front) Design:

  • Portrait: The obverse features a portrait of Queen Victoria, who was the reigning monarch of the British Empire during this period. The depiction shows her in a draped bust wearing a crown, facing left. This portrait is often referred to as the "Young Head" of Queen Victoria.
  • Inscription: Surrounding the portrait is the inscription "VICTORIA QUEEN," indicating her title.

Reverse (Back) Design:

  • Denomination: The reverse side prominently displays the denomination "ONE RUPEE."
  • Floral Design: Surrounding the denomination is a beautiful floral wreath design, incorporating traditional Indian motifs.
  • Date and Mint Mark: The date "1862" is at the bottom, and just below it, the mint mark "(B)" indicates that the coin was minted at the Bombay Mint.

Material and Composition:

  • Material: The coin is made of silver.
  • Fineness: The silver content is typically 0.917 (91.7%), with the remainder being copper.
  • Weight: The standard weight is 11.66 grams.
  • Diameter: The coin has a diameter of approximately 30.5 mm.

Edge:

  • The edge of the coin is reeded.

Historical Significance:

  • Victoria Series: The 1862 Rupee was part of the first series of coins struck after the British Crown took over control of India from the East India Company, following the Indian Rebellion of 1857.
  • Uniform Coinage: The 1862 Rupee was among the first standardized coinage issued across British India, with coins minted in multiple mints including Bombay (B), Calcutta (C), and Madras (M).

PCGS Grading:

  • Graded Coins: A coin graded by PCGS (Professional Coin Grading Service) has been authenticated and assessed for its condition. The grade impacts the coin's market value significantly.
  • Grade Scale: Coins are graded on a scale from 1 to 70, with 70 being perfect. Common grades for these coins might range from Fine (F) to Mint State (MS), with MS coins being particularly valuable.

Collectibility and Value:

  • Rarity: The 1862 (B) Rupee is a collectible coin, especially those in higher grades (e.g., MS60 or above).
  • Historical Appeal: Coins from this era are sought after due to their historical significance and connection to British India's colonial past.
  • Market Value: The value of this coin varies depending on its grade, rarity, and demand among collectors. A PCGS-graded coin in Mint State (MS) condition would command a premium price, potentially several hundred to thousands of dollars depending on the specific grade.

This coin is a prized possession for collectors of British Indian coins, representing a significant period in India's numismatic history.


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