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Sometime around 600BC in the lower Ganges valley in eastern India a coin called a punchmarked Karshapana was created. [38] According to Hardaker, T.R. the origin of Indian coins can be placed at 575 BCE [39] and according to P.L. Gupta in the seventh century BCE, proposals for its origins range from 1000 BCE to 500 BCE. [25] According to Page.
This series was introduced on 15 August 1950 and represented the first coinage of Republic of India. The British King's portrait was replaced by the Lion Capital of the Ashoka Pillar. A corn sheaf replaced the Tiger on the one rupee coin. In some ways this symbolised a shift in focus to progress and prosperity.
The British gold coins were termed Carolina, the silver coins Anglina, the copper coins Cupperoon and tin coins Tinny. By early 1830, the British had become the dominant power in India. The Coinage Act of 1835 provided for uniform coinage throughout India. The new coins had the effigy of William IV on the obverse and the value on the reverse in ...
The Kalachuri rulers of Ratnapura issued gold, silver and copper coins, which bear the issuer's name in Nagari script. The coins feature four types of design: [23] Gaja-shardula: Depicts a fight between a lion and an elephant. This design occurs on all their gold coins, and some copper coins.
Coin finds in the Kabul hoard (c. 380 BC), Mir Zakah hoards (c. 100 AD), Taxila Bhir Mound (c. 300 BC), or the Shaikhan Dehri hoard near Pushkalavati have revealed numerous Achaemenid coins as well as many Greek coins from the 5th and 4th centuries BC were circulating in the area, at least as far as the Indus during the reign of the Achaemenids (549 - 330 BCE), who were in control of the areas ...
Under The Coinage Act, 1906, the Government of India is charged with the production and supply of coins to the Reserve Bank of India (RBI). The RBI places an annual indent for this purpose and the Government of India draws up the production programme for the India Government Mints on the basis of the indent.
Post-Mauryan coinage refers to the period of coinage production in India following the breakup of the Maurya Empire (321–185 BCE). The centralized Mauryan power ended during a Coup d'état in 185 BCE leading to the foundation of the Shunga Empire. The vast and centralized Maurya Empire was broken into numerous new polities.
Copper denominations were more varied. Bengal issued one-pie, 1 ⁄ 2-, one- and two-paise coins. Bombay issued 1-pie, 1 ⁄ 4-, 1 ⁄ 2-, 1-, 1 1 ⁄ 2-, 2- and 4-paise coins. In Madras, there were copper coins for two and four pies and one, two and four paise, with the first two denominated as 1 ⁄ 2 and one dub (or 1 ⁄ 96 and 1 ⁄ 48) rupee.