#Coinage act free

By the early 1830, the English had become the dominant power in India.The Coins were developed in Western India along with Mughal design and British pattern as well.The Coins were struck in Madras along with South India lines and Mughal design as well.The Coins were developed in Bengal along with Mughal pattern.These settlements are called as Presidency.On the basis of settlement three broad strands were developed by Early British Coins in consonance with local acceptability. Early British settlements had three broad grouping in India: those in Bombay & Surat (Western India), those in Madras (South India) and those in Calcutta (Eastern Province of Bengal).The Mughal period in India ended in 1857 AD when the British deposed and exiled Bahadur Shah Zafar.Aurangzeb, the last of the Grand Mughals did away with the Kalima, the Islamic Article of Faith from his coins, and the format of coins was standardised to incorporate the name of the ruler, the mint and the date of issue.Together with the silver Rupiya were issued gold coins called the Mohur weighing 169 grains and copper coins called Dam.The system of tri-metalism which came to characterize Mughal coinage was largely the creation, not of the Mughals but of Sher Shah Suri. Innovations like ornamentation of the background of the die with floral scrollwork were introduced.Mughal coin designs came to maturity during the reign of the Grand Mughal, Akbar. Mughal Coinage reflected originality and innovative skills.In this period coins kept on changing in terms of design according to personal interest of many rulers like Khilji, Muhammed bin Tughlaq, Ibrahim Lodhi, etc. Coins were struck in gold, silver and copper.This period was marked by a considerable expansion of the money economy. The unit of account came to be consolidated and was referred to as the 'tanka' with the 'jittals' as the smaller value coins.However, it was with the emergence of Turkish Sultans of Delhi in the 12th Century that a decisive break was made with the past and the existing motifs were gradually replaced by Islamic devices, largely calligraphy.By the 9th Century AD, provincial governors established independent rule and struck their own coins. The Arabs conquered Sindh in 712 AD and ruled it as a province of the Caliphate.often juxtaposed against motifs from nature like hills, tree, etc. These coins carried the motifs of fauna like elephants, lions, bulls, horses, etc. The Satavahanas also referred to as the Andhras’s coins were predominantly of copper and lead, however, silver issues are also known.The Saka coinage of the Western Kshatrapas are perhaps the earliest dated coins, the dates being given in the Saka era which commences in AD 78.The silver coin remained in use during the Mughal period, Maratha era as well as in British India.

The motifs found on these coins were mostly drawn from nature like the sun, various animal motifs, trees, hills etc.

Mostly made of silver, these bear symbols, each of which was punched on the coin with a separate punch.

These coins are called 'punch-marked' coins because of their manufacturing technique.

The earliest coins were known as ‘punch-marked’ coins.

These changing periods of coins is technically called as 'Coinage'.

#Coinage act free

Due to such an early introduction of the coin, the monetary units have seen a fantastic history and gone through many changes under different rulers in pre-Independence era as well as in free India. Throughout its history, coins and the monetary system has seen ups and downs. Even during the British rule, the silver rupee continued. Originally “rupaya” was made up of silver having a weight of about 11.34 grams.

At that time, 40 copper pieces were equal to one rupee. The first 'rupee' in form of silver coin had been introduced by Afghan king Sher Shah Suri. The history of the Indian rupee traces back to Ancient India in circa 6th century BCE, ancient India was one of the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters. However, in West Bengal, Tripura, Mizoram, Orissa, and Assam, the Indian rupee is officially known by name “Tanka” a word of Sanskrit which means money. Many Indian languages like Telugu, Tamil, Kannada, Tulu, Malayalam, Gujarati, and Hindi etc. The word 'rupee' originates from the Sanskrit word “raupya” meaning 'silver' or 'made of silver'. Indian coins from Ancient India to present