East india company coins 1818

British trading posts in India were first established by the East India Company EIC early in the seventeenth century, which quickly evolved into larger colonies covering a significant part of the subcontinent. Early settlements or factories included Masulipatnam and Madras in the south, Surat in the west, and modern-day Kolkata —99 in the east.

In , the EIC adopted a unified system of coinage throughout all British possessions in India and the older Presidency system was discontinued. After the Indian Rebellion of , control of EIC territories passed to the British Crown. There was a transition period after India gained independence on 15 August , and the first set of republic India coins were issued in Coinage under the British can be divided into two periods: East India Company EIC issues, pre; and Imperial issues struck under direct authority of the crown.

The EIC issues can be further subdivided into two subcategories: Imperial issues bear obverse portraits of Queen Victoria dated — , Edward VII dated — , George V dated — , and George VI dated — No British India coins were issued during the brief reign of Edward VIII.

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. The territories governed by the East India Company were divided into three major administrative regions: Madras Presidency in the south, Bombay Presidency in the west, and Bengal Presidency in the east.

Most of the north, however, for a long time continued to remain under the control of the Mughal emperor, and later, local rulers including the Marathas and Rajputs. Each of the three presidencies under East India Company governance issued their own coins until a unified coinage throughout all territories was introduced in Early European style coins were not popular outside jurisdiction of their respective settlements. In spite of having their own mints, the EIC either sent its bullion to the Mughal mints or forged the common coins of the contemporary Mughal Emperor.

In , the EIC obtained rights to strike coins in the name of the Mughal emperor Farrukhsiyar on the island of Bombay. The major mints in the west responsible for issuing coins for the East India Company included Surat, Bombay Mumbai or Munbai , and Ahmadabad. From till , the English sent their precious metal bullion to the Surat mint, controlled by the Nawab , to be coined into local gold mohurs and silver rupees.

As the Surat mint was unable to meet the required production rate, silver was also sent to the Ahmadabad mint in During later years, the Ahmadabad mint also struck rupees for the Bombay Presidency in the name of Muhammad Akbar II with the dates — AH — CE. In December , the East India Company started a mint in Bombay and European style gold, silver, copper, and tin coins were struck. The gold coin was named Carolina , the silver coin Anglina , the copper Copperoon , and the tin coin called the Tinny.

The exchange rate was set at 11 Tiduckone Copperoon and 48 Copperoons to one Anglina. No gold coins Carolinas were struck until The obverse of the silver and copper coins showed inside an inner circle the arms of the Company, and within an outer circle the legend HON: ORI , for Honorabilis Societas Anglicana Indiarum Orientalium , or 'Honourable English East India Company'.

After issuing coins for the East India Company for a number of years, the Surat mint finally came under direct control of the Company in Gold mohurs, silver rupees, and fractional values were struck in the name of the Mughal emperor Shah Alam II bearing the frozen regnal year The Surat mint was finally closed down in Even though the British had established a trading post at Fort William in modern-day Kolkata , Bengal Presidency acquired its proper form after the Battle of Buxar in As an outcome of the Indian defeat, Shuja-ud-Daula of Oudh and the Mughal Emperor Shah Alam II signed the Treaty of Allahabad , granting the East India Company rights to collect revenues from large parts of eastern India.

Early Bengal Presidency issues were stuck under the name of the Mughal Emperor Alamgir II , and later Shah Alam II. The monetary system followed which was to be an Indian standard till 1 April was,. After the Indian Mutiny of —58, the administration of British India was transferred from the East India Company to the British Crown. From till Indian independence in , circulation coins were minted under the direct authority of the Crown.

The early imperial issued coins continued to bear a fixed date, for example, rupee coins with the year This practice was intended to discourage the prevalent 'batta' system, i.

Early gold coinage with Queen Victoria's crowned bust consisted of one mohur coins dated These coins were of the same weight These coins, probably minted between and , were trade coinage and not recognized as legal tender.

A number of varieties including proofs are known with minor variations in the reverse and obverse decoration details. In , Victoria assumed the title of 'Empress of India' and, from , the legend on the obverse of all coins was changed to 'Victoria Empress'.

Gold mohurs with the new obverse legend were issued between and The mintage of these mohurs for any given date is relatively low, making them considerably scarce.

Fractional values of the mohur nominally valued at fifteen silver rupees were also struck in denominations of ten and five rupees between and Except for a small number of ten and five rupees dated , most of the fractional mohurs were proof issues.

Varieties with both the younger and mature busts exist.

Coin Value: India (East Company) Spiritual Tokens (Counterfeit) to

Currency and proof issues of the dated rupee coins have a number of different obverse and reverse die varieties, which are helpful in identification of the mint. The design of the coin, however, remained largely unchanged.

From till , the Bombay mint introduced an unusual system of dots to date the coins. These dots occur on the reverse below the date, above the word 'ONE', or in both positions. From , this practice was halted and coins began to be dated continuously.

From this development, it may be inferred that by this time the 'batta' system must have all but disappeared. As with all other Victoria coinage, the title on the obverse was changed from 'Victoria Queen' to 'Victoria Empress' in Calcutta mint coins usually carry no mint mark or an incused 'C' at the bottom of the reverse.

Rupee coins with Victoria's bust were minted until her death in Fractional denominations of half rupee, quarter rupee, and two annas were also issued under Victoria's reign. The dot-dating system was not used for these denominations, and is unique to the dated Bombay rupees. Similar to the rupee coins, the title of Queen was changed to Empress in Different reverse and obverse die varieties are known for each denomination. During the short reign of Edward VIII , no coins were issued in India bearing his portrait.

However several coins were issued by the states of Kutch and Jodphur that bore his name in Indian Script. Several coins bearing the portrait of Edward VIII are sometimes offered for sale on online auction sites, but these "coins" are almost certainly modern productions and were never officially issued. There are many rare coins of this period which interests coin collectors. The Rupee is the most expensive rupee, as after all silver coins effectively became less pure, due to the shortage of silver during World War II.

The Rupee, half rupee, quarter rupee and Anna coins are also of special interest to collectors, since that was the last year British issued coins were circulated in India.

From Wikipedia, the free encyclopedia. Indian rupee coin Crowned bust of Queen Victoria surrounded by her name. Face value, country and date surrounded by wreath. Coin minted in and made of Coins , New Delhi: National Book Trust, ISBN X , pp. The Coins of the British Commonwealth of Nations to the end of the reign of George VI, East India Company Presidency Series c — Spink and Son Ltd, London. Uniform coinage East India Company, —58, Imperial period, — Indian Finance and Banking.

GODDESS LAKSHMI DEVI WITH 8 PIC EAST INDIA COMPANY ONE ANNA BIG TOKEN COIN | eBay

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Coin minted by the East India Company, in , during British Raj. | Gold bullion coins | Pinterest | Coins, India and By

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Profile of Edward VII surrounded by his name. Face value, country and date. Spray of lotus flowers on each side and a crown above. This particular coin was minted at Kolkata mint. Profile of George V surrounded by his name. Series Lion Capital Series Mahatma Gandhi Series Mahatma Gandhi New Series.