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The angel was an English gold coin introduced by Edward IV in 1465. It was patterned after the French angelot or ange, which had been issued since 1340. The name derived from its representation of the archangel Michael slaying a dragon. As it was considered a new issue of the noble, it was also called the angel-noble. [1]
The first coins issued by the Gaekwads were issued by Manaji Rao (r. 1789–93) and they followed the Maratha pattern of naming the Mughal emperor Shah Alam II, distinguishing themselves only by the placement of an extra mark or letter to indicate the issuer. After 1857, the designs were changed and coins were issued in the name of the Gaekwads.
The coins of this period were punch-marked coins called Puranas, Karshapanas or Pana. Several of these coins had a single symbol, for example, Saurashtra had a humped bull, and Dakshin Panchala had a Swastika (which is a symbol of good luck in the subcontinent, especially to the Hindus), others, like Magadha, had several symbols.
The silver coins of the Kunindas, the Vemakas and the Audumbaras closely follow the coins of Apollodotus II in their characteristics (weight, size and material). [1] Their coins were found in the area of Pathānkot District. Their favorite deities were Mahādeva or Shiva, and also Kārtikeya, standing with a spear in right hand.
The first coin minted in such type was the 3 paisa coin in 1964, which was a new denomination, and continued to be minted till 1971. One and Two paisa coins were changed to aluminium and were minted without the Devanagari legend from 1965. 20 paisa coin was introduced in 1968, which continued to be minted till 1971.
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A two-ounce silver coin was produced in 2017 and 2018 with 999 minted each year. The 2015 silver coin had gilding applied to the Angel side of the coin and the 2017 silver coin had gilded highlights. Each year, the 1 ⁄ 20-ounce gold coins had a different privy mark above the dragon's head.
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