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15 Rupees - George V

Issuer India - British
Year 1918
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Technique Milled
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Obverse lettering GEORGE V KING EMPEROR
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Edge Reeded
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Additional information

The 15-rupee denomination was introduced specifically to align with the sovereign — struck at the same weight and fineness so it could circulate interchangeably with the British gold sovereign across India. George V sovereigns were struck at the Bombay Mint from 1918, the only year this facility produced gold coinage for the King-Emperor. The denomination itself was essentially an accounting convenience: one sovereign equaled fifteen rupees at the then-prevailing exchange rate, making dual-currency bookkeeping unnecessary for government transactions.

Mintage was extremely limited, and the piece was never intended for ordinary circulation.

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