Though this coin is called PICE, my father vouched that they used to call the coin "Chilli Kaasu". This probably meant the lower denomination post Indian Independence.

This is one of the coins which were issued by Government of India after 1950 when India became Republic. This coin was minted during 1950-1955.

It should be noted that the coin was introduced when Indian Coinage was not decimal in nature. 64 Pice constituted 1 Rupee. The Pice was equal to 1/4 Anna which was in circulation.

The following are the details of my coin:

Country	India - Republic
Year	1950-1955
Value	1 Pice = 1/4 Anna = 1/64 Rupee (1/64)
Metal	Bronze
Weight	2.95 g
Diameter	21 mm
Shape	Round
Orientation	Medal alignment ↑↑
Demonetized	yes
Mint	Calcutta (No Mint Mark)
Observe	Three lions emblem, Lettering: GOVERNMENT·OF·INDIA
Reverse	Prancing horse facing left, Lettering: ONE PICE * एक पैसा 1951