As of 2014, King George V one-rupee coins minted from 1912 to 1936 have an approximate market value of $10 in worn condition to $35 in fully uncirculated condition. Rare Type I "pig rupees" minted in 1911 are available on auction sites for about $150.Continue Reading
The obverse of the one-rupee coin features the head of King George V, while the reverse bears an ornate wreath surrounding the value designation and year of issue. Coins minted in Bombay have a small dot on the reverse near the bottom of the coin, while those minted in Calcutta have no mint mark.
The front of 1911 coins includes an elephant with short legs and a snout that closely resembles a pig within the king's robe. At the time, pigs were taken as an insult by most citizens, leading to outrage and an eventual recall. Of the roughly 9.4 million coins struck, just 700,000 were issued, and much of the remaining rupees were immediately withdrawn from circulation and later melted by the British government.
Due to the religious sensibilities to Indians, "Type II" coins minted from 1912 to 1936 contain a redesigned elephant. These rupees carry a similar market value, regardless of the year they were minted.Learn more about Coins & Currency