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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.
Silver coin of the Maurya Empire, known as Rūpyarūpa, with symbols of wheel and elephant. 3rd century BC. [1] The history of the rupee traces back to ancient times in the Indian subcontinent. The mention of rūpya by Pāṇini is seemingly the earliest reference in a text about coins. [2] The term in Indian subcontinent was used for referring ...
1973 Indian proof set of coins. Coins of the Indian rupee (₹) were first minted in 1950. [1] New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of 1, 2, 5, 10, and 20 rupees.
The first coins in India may have been minted around the 6th century BC [citation needed] by the Mahajanapadas of the Indo-Gangetic Plain. [citation needed] 19th-century proposals which suggested an origin from as early as 1000 BC, independent of the introduction of coins in Asia Minor, are "no longer given any credence". [2]
1835 East India Company quarter anna, part of the unified coinage introduced that year 1840 East India Company rupee. It was minted in Bombay, Calcutta and Madras. The English East India Company was granted a royal charter by Queen Elizabeth I which allowed trade monopoly with eastern countries including Sumatra, Java, and India.
Double-die style struck coin from Ancient India, c 304-232 BCE featuring an elephant on one face and a lion on the other. Since that time, coins have been the most universal embodiment of money. These first coins were made of electrum, a naturally occurring pale yellow mixture of gold and silver that was further alloyed with silver and copper.
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.
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 English and Persian. The coins issued after 1840 bore the portrait of Queen Victoria. The first coinage under the crown was issued in 1862 and in 1877 Queen Victoria assumed the title ...