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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.
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 ...
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. All of these are produced by four mints located across India, [2] in Kolkata, Mumbai, Hyderabad, Noida.
For a timeline graphic showing the progression from pre-coin, to lion, to horsehead imagery on the earliest coins, see Basic Electrum Types. [14] 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.
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.
Other types of coins, including gold coins (suvarṇarūpa), copper coins (tāmrarūpa), and lead coins (sīsarūpa), are also mentioned. [12] The immediate precursor of the rupee is the rūpiya —the silver coin weighing 178 grains minted in northern India, first by Sher Shah Suri during his brief rule between 1540 and 1545, and later adopted ...
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.
This is a timeline of Indian history, comprising important legal and territorial changes and political events in India and its predecessor states. To read about the background to these events, see History of India. Also see the list of governors-general of India, list of prime ministers of India and list of years in India.