Coin Values in Pakistan: Issued by State Bank of Pakistan
The State Bank of Pakistan (SBP) is the sole issuer of legal tender coins in Pakistan. Current circulating denominations:
| Denomination | Composition | Notes |
|---|
| 1 Rupee | Nickel-plated steel | Most common small coin |
| 2 Rupees | Nickel-plated steel | |
| 5 Rupees | Nickel-plated steel | |
| 10 Rupees | Bi-metallic (Ni-brass ring, Ni-plated steel core) | Introduced 2016 |
| 25 Rupees | Bi-metallic | Commemorative/circulating |
Value Determination
- Face Value: Legal tender for stated amount.
- Purchasing Power: Eroded by inflation (PKR depreciation). 1 PKR ≈ $0.0036 (2024).
- Numismatic Value: Rare dates, errors, proof sets, pre-1947 (British India), early Pakistan issues can be worth far more to collectors.
- Metal Value: Base metals — melt value << face value.
Historical Context
- Pre-1948: British Indian coins (anna, pice, rupee).
- 1948–1960: "Government of Pakistan" issues (nickel, cupro-nickel).
- 1961: Decimalization (1 Rupee = 100 Paisa). Paisa coins (1, 5, 10, 25, 50) now obsolete.
- 2000s: Stainless steel, then nickel-plated steel for cost.
For current exchange rates, check SBP (sbp.org.pk) or financial sites. For collector values, consult Krause catalog or local numismatic dealers.
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