The story of coins is interwoven with the histiry of mankind. history of Indian coins and the system of coinage of yesteryears, goes to back to indeed undocumented times. According to the history of coinage in India Coin system can be divided into broad categories like Ancient Indian Coins, Coins in medieval India, coins of British India and modern Indian coins
hello all.. i would like to talk here about the ancient coin system of India. All rthe earliest Indian coins were made of silver. Scholars believe that these coins originated in the 6th century BC. It is nowhere recorded how the coins were manufactured in ancient India. However,Kautilya later given a list of objects which were used in the manufacturing of the coins. The most ancient coins of India are commonly acknowledged as punch-marked coins . Approximately during 600 B.C., in north-western part of India, Takshashila or Taxila and Pushkalavati, became significant commercial centres for trade and commerce with Mesopotamia. These wealthy satraps provinces had ushered in a unique coinage to facilitate the trade. The collection comprised silver concave bars of 11 gms, which are popularly called as Taxila bent bars or Satamana bent bars . However , the earliest of the ancient Indian coins relate to those of the Indo-Greeks, the Saka-Pahlavas and the Kushanas.
Posted On : 4/27/2009 10:56:29 PM
Joydeep Chakraborty Reward Points : 23700 Member Since : Thursday, February 14, 2008
Posted By : Anjana chakraborty Posted On : 4/27/2009 10:56:29 PM Go
hello all.. i would like to talk here about the ancient coin system of India. All rthe earliest Indi..
Thanks Anjana for the piece of information. .. I would like to add that fascinatingly, the earliest Indian coins have no determined shapes and were mostly uni faced. Secondly, these coins are deficient in any inscriptions scripted in contemporary languages and almost always struck in silver. During Rig-Vedic period, tiny kingdoms had begun to come to existence all over the Indian subcontinent from Kabul Kubha in Sanskrit to upper Ganges. Most of these were the small states under hereditary monarchs and few republics. Each of the kingdom had issued distinctive type of silver coins to facilitate commercial traffic. The taxila bars which you have said here came as the next development. the change in the form of coins came when the janapadas issued coins with symbols. several Janapadas had issued coins with only one symbol like Lion , humped bull or Swastika . Four symbol coins were issued by Kashi, Chedi, Vanga and Prachya Janapadas. However, five symbol punch marked coins were first issued by Magadha, which were continued during the subsequent Mauryan expansion.
Posted On : 4/28/2009 12:15:36 AM
Maniam PS [Guru] Reward Points : 137200 Member Since : Wednesday, March 18, 2009
Coinage of India, issued by Imperial dynasties and smaller middle kingdoms of India began during the 1st millennium BCE, and consisted mainly of copper and silver coins in its initial stage. What is known, however, is that metal currency was minted in India well before the Mauryan empire and as radio carbon dating indicates, before the 5th century BCE. The tradition of Indian coinage was further enriched by the coming of Islam. The East India Company introduced uniform coinage in the 19th century.