Charkhi Coins : (Means machine made Coins) In 1895, machinery was first introduced and a new class of coins known as Charkhi (Wheel) made its appearance. A fascimile of charkhi’s rupee coin is produced below from which it will be seen that
1 Rupee, 8 Annas, 4 Annas, 2 Annas in Silver and 6 Pie and 2 Pie in Bronze are produced Apart from that, Gold Ashrafi, 1/2 Ashrafi, 1/4 Ashrafi and 1/8 Asharafi were also produced They were, however, not used in general circulation. Later these coins came to be known as Osmania Sicca, when new Nizam Osman Ali Khan acceded the throne in 1911. These coins are 1st Modern Series coins. Their specification such as size, alloys, weights were very pucca (Specific). A Currency Act was also notified in 1911, bearing exact specifications of coins for use as a legal tender. During 1st World War (1914-1918) silver cost went up considerably and all lower denomination silver coin below Rupee were replaced by Nickel & Copper coins simultaneously. Paper Currency Act was introduced in 1918 by which Rs. 10, Rs. 100 notes were introduced. Initially these notes were printed and imported from a place called waterloo in U.K. Later these notes were obtained from Government of India Currency Note Press, Nasik