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Punch-marked coins, also known as ''Aahat coins'', are a type of early coinage of India, dating to between about the 6th and 2nd centuries BC. It was of irregular shape.


History

The study of the relative chronology of these coins has successfully established that the first punch-marked coins initially only had one or two punches, with the number of punches increasing over time. The first coins in India may have been
minted Minted is an online marketplace of premium design goods created by independent artists and designers. The company sources art and design from a community of more than 16,000 independent artists from around the world. Minted offers artists two bus ...
around the 6th century BC by the
Mahajanapadas The Mahājanapadas ( sa, great realm, from ''maha'', "great", and ''janapada'' "foothold of a people") were sixteen kingdoms or oligarchic republics that existed in ancient India from the sixth to fourth centuries BCE during the second urba ...
of the
Indo-Gangetic Plain The Indo-Gangetic Plain, also known as the North Indian River Plain, is a fertile plain encompassing northern regions of the Indian subcontinent, including most of northern and eastern India, around half of Pakistan, virtually all of Bangla ...
. 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". Silver coins were certainly being produced in the
Achaemenid The Achaemenid Empire or Achaemenian Empire (; peo, wikt:𐎧𐏁𐏂𐎶, 𐎧𐏁𐏂, , ), also called the First Persian Empire, was an History of Iran#Classical antiquity, ancient Iranian empire founded by Cyrus the Great in 550 BC. Bas ...
Satrapy of Gandāra, by the mid-4th century BC, before the
Indian campaign of Alexander the Great The Indian campaign of Alexander the Great began in 327 BC. After conquering the Achaemenid Empire of Persia, the Macedonian king Alexander launched a campaign into the north-western regions of the Indian subcontinent (precisely in present-day ...
, in 327 BC, as Plutarch noted
Taxiles Taxiles (in Greek Tαξίλης or Ταξίλας; lived 4th century BC) was the Greek chroniclers' name for the ruler who reigned over the tract between the Indus and the Jhelum (Hydaspes) Rivers in the Punjab region at the time of Alexand ...
(Ambhi) of Taxila exchanged coined tribute with Alexander. According to
Joe Cribb Joe Cribb is a numismatist, specialising in Asian coinages, and in particular on coins of the Kushan Empire. His catalogues of Chinese silver currency ingots, and of ritual coins of Southeast Asia were the first detailed works on these subjects ...
, Indian punch-marked coins go back to the mid-4th century BC or slightly earlier, and actually started with the punch-marked coinage of the Achaemenids in the
Kabul Kabul (; ps, , ; , ) is the capital and largest city of Afghanistan. Located in the eastern half of the country, it is also a municipality, forming part of the Kabul Province; it is administratively divided into #Districts, 22 municipal dist ...
/
Gandhara Gandhāra is the name of an ancient region located in the northwestern region of the Indian subcontinent, more precisely in present-day north-west Pakistan and parts of south-east Afghanistan. The region centered around the Peshawar Val ...
area. 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 The swastika (卐 or 卍) is an ancient religious and cultural symbol, predominantly in various Eurasian, as well as some African and American cultures, now also widely recognized for its appropriation by the Nazi Party and by neo-Nazis. I ...
, others, like
Magadha Magadha was a region and one of the sixteen sa, script=Latn, Mahajanapadas, label=none, lit=Great Kingdoms of the Second Urbanization (600–200 BCE) in what is now south Bihar (before expansion) at the eastern Ganges Plain. Magadha was rul ...
, had several symbols. These coins were made of
silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...
of a standard weight but with an irregular shape. This was gained by cutting up silver bars and then making the correct weight by cutting the edges of the coin. They are mentioned in the Manu (c. 200 BC - 200 AD), Panini (bef. 300 BC), and
Buddhist Buddhism ( , ), also known as Buddha Dharma and Dharmavinaya (), is an Indian religion or philosophical tradition based on teachings attributed to the Buddha. It originated in northern India as a -movement in the 5th century BCE, and ...
Jataka The Jātakas (meaning "Birth Story", "related to a birth") are a voluminous body of literature native to India which mainly concern the previous births of Gautama Buddha in both human and animal form. According to Peter Skilling, this genre is ...
(c. 300 BC - 400 AD), circulating in the North until approximately the beginning of the first century AD, but lasted three centuries longer in the South, i.e. until about 300 AD. * Shurasena *
Surashtra Saurashtra, also known as Sorath or Kathiawar, is a peninsular region of Gujarat, India, located on the Arabian Sea coast. It covers about a third of Gujarat state, notably 11 districts of Gujarat, including Rajkot District. It was formerly a ...
** Early coins of India (400 BC – 100 AD) were made of
silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...
and
copper Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pink ...
, and bore animal and plant symbols on them.Allan & Stern (2008)


Greek and Achaemenid coinage in northwestern India (6th century onward)

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 The Shaikhan Dheri hoard is a small coin hoard that was discovered in 2007 at the site of ancient Pushkalavati in Ancient India, modern-day Pakistan. The hoard weighed 14 kilograms , contained "bent bars" as well as round coins "of a new type" as t ...
near
Pushkalavati Pushkalavati ( ps, پشکلاوتي; Urdu: ; Sanskrit: ; Prākrit: ; grc, Πευκελαῶτις ) or Pushkaravati ( Sanskrit: ; Pāli: ), and later Shaikhan Dheri ( ps, شېخان ډېرۍ; ur, ), was the capital of the Gandhara kingd ...
have revealed numerous Achaemenid coins as well as many
Greek Greek may refer to: Greece Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group. *Greek language, a branch of the Indo-European language family. **Proto-Greek language, the assumed last common ancestor ...
coins from the 5th and 4th centuries BC were circulating in the area, at least as far as the
Indus The Indus ( ) is a transboundary river of Asia and a trans-Himalayan river of South and Central Asia. The river rises in mountain springs northeast of Mount Kailash in Western Tibet, flows northwest through the disputed region of Kashmir, ...
during the reign of the Achaemenids (549 - 330 BCE), who were in control of the areas as far as
Gandhara Gandhāra is the name of an ancient region located in the northwestern region of the Indian subcontinent, more precisely in present-day north-west Pakistan and parts of south-east Afghanistan. The region centered around the Peshawar Val ...
. In 2007 a small coin hoard was discovered at the site of ancient
Pushkalavati Pushkalavati ( ps, پشکلاوتي; Urdu: ; Sanskrit: ; Prākrit: ; grc, Πευκελαῶτις ) or Pushkaravati ( Sanskrit: ; Pāli: ), and later Shaikhan Dheri ( ps, شېخان ډېرۍ; ur, ), was the capital of the Gandhara kingd ...
(Shaikhan Dehri) in
Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...
. The hoard contained a
tetradrachm The tetradrachm ( grc-gre, τετράδραχμον, tetrádrachmon) was a large silver coin that originated in Ancient Greece. It was nominally equivalent to four drachmae. Over time the tetradrachm effectively became the standard coin of the An ...
minted in
Athens Athens ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates a ...
c. 500-480 BC, together with a number of local types as well as silver cast ingots. The Athens coin is the earliest known example of its type to be found so far to the east. While the Mir Zakah hoards offered hundreds of thousands of examples, punched and stamped bars and coins, manufactured between the late 5th century BC, and late 1st century AD. According to
Joe Cribb Joe Cribb is a numismatist, specialising in Asian coinages, and in particular on coins of the Kushan Empire. His catalogues of Chinese silver currency ingots, and of ritual coins of Southeast Asia were the first detailed works on these subjects ...
, these early Greek coins were at the origin of Indian punch-marked coins, the earliest coins developed in India, which used minting technology derived from Greek coinage. Daniel Schlumberger also considers that punch-marked bars, similar to the many punch-marked bars found in northwestern India, initially originated in the Achaemenid Empire, rather than in the Indian heartland:


Mauryan Period (322–185 BC)

During the
Mauryan The Maurya Empire, or the Mauryan Empire, was a geographically extensive Iron Age historical power in the Indian subcontinent based in Magadha, having been founded by Chandragupta Maurya in 322 BCE, and existing in loose-knit fashion until 1 ...
period, punch-marked coins continued to be issued in large quantities. Similarly, the coinage of the Mauryan Empire was an example of the punch-marked coinage of Magadha. Each coin contained on average 50–54 grains of silver depending on wear and 32 rattis in weight, and earlier coins are flatter than later coins. Punches on these coins count to 450 different types with the most common the sun and six-armed symbols, and various forms of geometrical patterns, circles, wheels, human figures, various animals, bows and arrows, hills and trees etc. In the North, following the fall of the
Maurya Empire The Maurya Empire, or the Mauryan Empire, was a geographically extensive Iron Age historical power in the Indian subcontinent based in Magadha, having been founded by Chandragupta Maurya in 322 BCE, and existing in loose-knit fashion until ...
and the increased influence of the
Greco-Bactrians The Bactrian Kingdom, known to historians as the Greco-Bactrian Kingdom or simply Greco-Bactria, was a Hellenistic-era Greek state, and along with the Indo-Greek Kingdom, the easternmost part of the Hellenistic world in Central Asia and the Indi ...
and
Indo-Greeks The Indo-Greek Kingdom, or Graeco-Indian Kingdom, also known historically as the Yavana Kingdom (Yavanarajya), was a Hellenistic period, Hellenistic-era Ancient Greece, Greek kingdom covering various parts of Afghanistan and the northwestern r ...
, punch-marked coins were replaced by cast die-struck coins, as visible in the Post-Mauryan coinage of Gandhara.


See also

* Overstrike (numismatics) — where a new design is struck over an existing coin * Chop marks on coins * Countermark *
Counterfeit To counterfeit means to imitate something authentic, with the intent to steal, destroy, or replace the original, for use in illegal transactions, or otherwise to deceive individuals into believing that the fake is of equal or greater value tha ...
* Nandipada


References


External links


''The archaic indian punch marked coins – approaches to classification'', by Shailendra Bhandare

India's earliest coinage – punch-marked coins




{{DEFAULTSORT:Punch Marked Coins Ancient currencies Coins of India Ancient India