Evening Republican, Volume 23, Number 138, Rensselaer, Jasper County, 8 June 1920 — Nickel Coins Again. [ARTICLE]

Nickel Coins Again.

An Innovation in currency has been made by the Indian government, which has coined and issued nickel 8-anna and 4-anna pieces. Two-anna and 1-anna pieces have been in circulation in India for many years, but hitherto no nickel coins of a value equal to the new issue have been in use in any country—in fact, the 8anna piece is credited wit| being the highest-valued coin struck in base metal in the world, its recent sterling exchange 'value being 1 shilling 2 pence, or ,28 cents, at normal values. The Indian government was influenced in its decision to issue the new coins by the high price of-silver, and it is probable that one result of the innosvation will be to cause the 8-anna silver coins to disappear.—Brooklyn Eagle.