When you’re collecting Coins of India, Study the Evolution of Coinage

Everybody loves collecting coins of India but many of them do not really know how coinage evolved over the years in the Indian subcontinent. If you are a true numismatist, you will take some efforts to understand this aspect about Indian coins. It all started when cowrie shells and beads were used for transactions. Barter system was prevalent before coinage was invented. Barter had its own problems related to evaluating commodities. There was a need for a uniform system that could value all kinds of items for transactions. It is believed that the first coins of India were punchmarked Shatmana coins. They were struck in silver and were rectangular in shape. They belong to Gandhara Janapada and were issued between 600 t0 300 BC.

There were many other Janapadas out there which used to issue coins of their own. These include Magadha, Magadha Mauryan, Ayodhya, Shakya, Kuntala, Kashi etc. You should consider yourself to be lucky if you have an Indian coin belonging to one of these Janapadas. Then there were great ancient empires like Western Kshatrapas, Guptas, Satavahanas etc which also issued some absolutely stunning Indian coins. Gold coins of Gupta period are sought after even today and are sold for great prices at auction houses all over the world.

When it comes to ancient and early medieval kingdoms, Central India, Malwa, Saurashtra, Vidarbha, Narmada valley are some of the prominent territories which issued unique coins in India. Ancient coins of South India is a completely different category altogether. The most famous among them are Pandyas, Banawasi, Pallavas, Chera etc. The Indian subcontinent was attacked by foreign invaders too since ancient times. They captured territories and started ruling over them. Indo-Greeks, Indo-Scythian and Kushan coins are also some of the most desired coins of India in the world of numismatics. Apart from mighty Kingdoms, there were independent city states as well like Mathura, Kolhapur, Ayodhya, Taxila etc. Each of these city states also produced unique Indian coins of their own.

We have only touched upon ancient coins as of now. There is a lot more to explore when it comes to medieval and modern coins of India. You will start falling in love with all of them when you start studying about the evolution of Indian coinage.