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Word Origin and History for coinage Expand. n. late 14c., currency, money, from Old French coignage, from coignier to coin (see coin (n.)). Meaning act or proces of coining money is from early 15c.; sense deliberate formation of a new word is from 1690s, from a general sense of something invented (c.1600).
Ancient India was the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters. The word rÅ«piya is derived from a Sanskrit word rÅ«pa, which means wrought silver, a coin of silver, in origin an adjective meaning shapely, with a more specific meaning of stamped, impressed, whence coin.It is derived from the noun rÅ«pa shape, likeness, image.he silver coins of smaller denominations were issued in cupro-nickel. The compulsion of the Second World War led to experiments in coinage where the standard rupee was replaced by the Quaternary Silver Alloy. The Quaternary Silver coins were issued from 1940. In 1947 these were replaced by pure Nickel coins.