Review On History Of Indian Coinage

  • Dr (Ms) Swaroopa Rani N. Gupta



India has been one of the earliest issuers of coins in the world (circa 6th Century BC). Few countries rival India for the sheer diversity of its coinage be it minting techniques, motifs, sizes, shapes, the metals used or for that matter the monetary history arising from the Monetary Standards India has experienced (Tri-metallism, Bi-metallism, the Silver Standard, the Gold Exchange Standard as well as fiat money).


In history, Indian coins have played a crucial role in documenting political and economic changes over time. Foreign coin hoards found in India throw light on Indian trade patterns in ancient, medieval, and late pre-colonial times. The Motifs on coins have been impacted upon by the cultural ethos of different regions at different time periods.


This paper deals with review on history of Indian coinage which includes Ancient India Coinage such as Punch Marked Coins, Dynastic Coins (Kushan Coinage, Satavahana Coinage, Western Kshatrapa Coinage, Other Coins, Gupta Coinage, Post-Gupta Coinage), South Indian Coinage, Foreign Coin Hoards found in India; Medieval India Coinage; Mughal Coinage; Pre-Colonial India & Princely States: Coinage such as the Maratha Confederacy, Coins of Avadh, Coins of Mysore, Coins of the Sikhs, Coins of Hyderabad, Some Representative Coins of other Princely States; British India Coinage such as Early Issues, Coins of William IV, Coins of Queen Victoria, Coins of Edward VII, Coins of George V; Republic India Coinage such as The Frozen Series 1947-1950, The Anna Series, The Decimal Series, Naya Paisa Series 1957-1964, Aluminium Series 1964 onwards, Contemporary Coins.