The Second coin set issued by Republic India was in 1954. This followed the first set issued in 1950. The set had definitive coins of Anna Series.
This along with the Definitive issues of 1950 and 1962, 1967, 1968 are among the rare and few definitive series issued Of course there are other definitive issues in the year 2011 and a partial set in 1970.
Being among the early sets of Republic India, the condition of the set has to be taken in the context of how the mints packaged. Being inexperienced, the mints packed this in ordinary cardboard by punching holes in it. And supposedly to protect coin used butter paper. Butter paper at that time was fancy. Thus finding the coin set in extremely good condition is next to impossible as however well preserved, the card board would show signs of wear and more often the butter paper would get torn off.
Most of the well preserved sets are outside of India as coin collecting was still in infancy in India during those period and collectors did not know much of storage of coins.
One can find quite a few individual coins that are slabbed to preserve and very few in the Original card board package remain intact. One can hardly see a set or two changing hands every year.
Note in the UNC Set; the 2 Anna coin did not have 4 Stars at the 4 corner's. Proof set 2 Anna had this. This is the only easy distinction between the UNC and Proof Sets.
1954 Coin Set: 7 Coin Set UNC Set
Coins of 1 Rupee, ½ Rupee, ¼ Rupee, 2 Anna, 1 Anna, ½ Anna and 1 Pice