PAKISTAN 1969 1 PAISE

The paisa is a monetary unit in several countries; cognate terms include poisha (Bengali in Bangladesh) and baisa (Arabic in Oman). In India, Nepal and Pakistan the paisa currently equals ¹⁄₁₀₀ of a rupee.In Bangladesh, the poisha equals ¹⁄₁₀₀ of a Bangladeshi taka.In Oman, the baisa equals ¹⁄₁₀₀₀ of an Omani riyal.

The word paisa is from Hindi & Urdu paisā, a quarter-anna coin, ultimately from Sanskrit  term padāṁśa meaning 'quarter part', from pada"foot or quarter" and aṁśa "part".Until the 1950s in India and Pakistan (and before 1947 in British India), the paisa was equivalent to 3 pies. ¼ of an anna, or ¹⁄₆₄ of a rupee. After the transition from a non decimal currency to a decimal currency,the paisa equaled ¹⁄₁₀₀ of a rupee and was known as anaya paisa ("new paisa") for a few years to distinguish it from the old paisa that was ¹⁄₆₄ of a rupee. 

The Pakistani rupee, with ISO international currency code: PKR) is the official currency of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan, the central bank of the country. The most commonly used symbol for the rupee is Rs, used on receipts when purchasing goods and services. In Pakistan, the rupee is referred to as the "rupees", "rupaya" or "rupaye". As standard in Pakistani English, large values of rupees are counted in terms of thousands, lakh(100 thousand) and crore(10 million), 1 Arab (1 billion), 100 Arab = 1 Kharab (100 billion), 100 Kharab = 1 Neel (10 trillion), 100 Neel = 1 Padma, 100 Padma = 1 Shankh, 100 shankh = 1 udpadha, 100 udpadha= 1 ank). 

The word rūpiya is derived from the Sanskrit word rūpya, which means "wrought silver, a coin of silver",in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin".Rūpaya was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE.

The Pakistani rupee was put into circulation in Pakistan after the dissolution of the British Raj in 1947. Initially, Pakistan used British Indian coins and notes simply over-stamped with "Pakistan". New coins and banknotes were issued in 1948. Like the Indian rupee, it was originally divided into 16 annas, each of 4 pice or 12 pie. The currency was decimalised on 1 January 1961, with the rupee subdivided into 100 pice, renamed (in English) paise singular paisa) later the same year. However, coins denominated in paise have not been issued since 1994.

First Pakistani Rupee coin made in 1948 of nickel.1948, coins were introduced in denominations of 1 pice, ½, 1 and 2 annas, ¼, ½ and 1 rupee. 1 pie coins were added in 1951. In 1961, coins for 1, 5 and 10 pice were issued, followed later the same year by 1 paisa, 5 and 10 paise coins. In 1963, 10 and 25 paise coins were introduced, followed by 2 paise the next year. 1 rupee coins were reintroduced in 1979, followed by 2 rupees in 1998 and 5 rupees in 2002. 2 paise coins were last minted in 1976, with 1 paisa coins ceasing production in 1979. The 5, 10, 25 and 50 paise all ceased production in 1996. There are two variations of 2 rupee coins; most have clouds above the Badshahi Masjid but many don't. The one and two rupee coins were changed to aluminium in 2007. Paisa coins ceased to be legal tender in 2013, leaving Rs. 1 coin as the minimum legal tender.

This coin weights 0.60 grams and has a diameter of 17 mm.The Obverse of the coin reads Government of Pakistan (in Bengali and in Urdu Tughra) with crescent on left.Reverse shows value of the coin written in Bengali and Urdu and Oat sprigs on both sides.When the coin was issued the ruler was General Ayub Khan(1958-1969).This Aluminium coin was first issued in 1967 from Lahore mint with 160,230,000 coins and lastly in 1973, when it became demonetized.Until 1972 about 675,066,000 coins were minted.

 Now this coin costs more than $ 3.