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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. These coins are found over most parts of subcontinent and remained in circulation till the early centuries CE. [1]
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. [2] [3]
The first coins in India may have been minted around the 6th century BC[ citation needed ] by the Mahajanapadas of the Indo-Gangetic Plain.[ citation needed ] 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". [2]
Silver coins were certainly being produced in the Achaemenid Satrapy of Gandāra, by the mid-4th century BC, before the Indian campaign of Alexander the Great, in 327 BC, as Plutarch noted Taxiles (Ambhi) of Taxila exchanged coined tribute with Alexander. [4] According to Joe Cribb, 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/ Gandhara area. [2]
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 (which was a symbol of good luck prior to the 20th Century), others, like Magadha, had several symbols. These coins were made of silver 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. [5]
They are mentioned in the Manu (c. 200 BC - 200 AD), Panini (bef. 300 BC), and Buddhist Jataka (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. [6] [7]
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 near Pushkalavati have revealed numerous Achaemenid coins as well as many Greek coins from the 5th and 4th centuries BC were circulating in the area, at least as far as the Indus during the reign of the Achaemenids (549 - 330 BCE), who were in control of the areas as far as Gandhara. [13] [14] [11] [15] In 2007 a small coin hoard was discovered at the site of ancient Pushkalavati (Shaikhan Dehri) in Pakistan. The hoard contained a tetradrachm minted in Athens 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. [10] 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. [16]
According to Joe Cribb, 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. [11] 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:
“The punch-marked bars were up to now considered to be Indian (...) However the weight standard is considered by some expert to be Persian, and now that we see them also being uncovered in the soil of Afghanistan, we must take into account the possibility that their country of origin should not be sought beyond the Indus, but rather in the oriental provinces of the Achaemenid Empire"
During the Mauryan 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, [17] 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. [18]
In the North, following the fall of the Maurya Empire and the increased influence of the Greco-Bactrians and Indo-Greeks, punch-marked coins were replaced by cast die-struck coins, as visible in the Post-Mauryan coinage of Gandhara.
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the obverse and the reverse, referring to the front and back sides, respectively. The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse is known as tails.
The Kushan Empire was a syncretic empire formed by the Yuezhi in the Bactrian territories in the early 1st century. It spread to encompass much of what is now Tajikistan, Uzbekistan, Afghanistan, Pakistan, Eastern Iran and Northern India, at least as far as Saketa and Sarnath, near Varanasi, where inscriptions have been found dating to the era of the Kushan emperor Kanishka the Great.
The history of ancient Greek coinage can be divided into four periods: the Archaic, the Classical, the Hellenistic and the Roman. The Archaic period extends from the introduction of coinage to the Greek world during the 7th century BC until the Persian Wars in about 480 BC. The Classical period then began, and lasted until the conquests of Alexander the Great in about 330 BC, which began the Hellenistic period, extending until the Roman absorption of the Greek world in the 1st century BC. The Greek cities continued to produce their own coins for several more centuries under Roman rule. The coins produced during this period are called Roman provincial coins or Greek Imperial Coins.
The Indo-Greek Kingdom, also known as the Yavana Kingdom, was a Hellenistic-era Greek kingdom covering various parts of modern-day Afghanistan, Pakistan and northwestern India.
Pantaleon was a Greek king who reigned some time between 190 and 180 BC in Bactria and India. He was a younger contemporary or successor of the Greco-Bactrian king Demetrius, and is sometimes believed to have been his brother and/or subking.
The Coinage of India began anywhere between early 1st millennium BCE to the 6th century BCE, and consisted mainly of copper and silver coins in its initial stage. The coins of this period were Karshapanas or Pana. A variety of earliest Indian coins, however, unlike those circulated in West Asia, were stamped bars of metal, suggesting that the innovation of stamped currency was added to a pre-existing form of token currency which had already been present in the Janapadas and Mahajanapada kingdoms of the Early historic India. The kingdoms that minted their own coins included Gandhara, Kuntala, Kuru, Magadha, Panchala, Shakya, Surasena, Surashtra and Vidarbha etc.
Pushkalavati, was the capital of the ancient region of Gāndhāra, situated in present day's Pakistan. Its ruins are located on the outskirts of the modern city of Charsadda, in Charsadda District, in the Khyber Pakhtunkhwa, 35-42 kilometres northeast of Peshawar, at the banks of Jindi River, near the junction of Swat River with Kabul River. The earliest archaeological remains in Bala Hisar mound are from 1400 to 800 BCE. Pushkalavati may have been incorporated as an Achaemenid regional settlement around 520 BCE, and it remained an important city through to the beginning of 3rd century CE.
The Achaemenid Empire issued coins from 520 BC–450 BC to 330 BC. The Persian daric was the first gold coin which, along with a similar silver coin, the siglos represented the first bimetallic monetary standard. It seems that before the Persians issued their own coinage, a continuation of Lydian coinage under Persian rule is likely. Achaemenid coinage includes the official imperial issues, as well as coins issued by the Achaemenid provincial governors (satraps), such as those stationed in Asia Minor.
Indo-Greek art is the art of the Indo-Greeks, who reigned from circa 200 BC in areas of Bactria and the Indian subcontinent. Initially, between 200 and 145 BC, they remained in control of Bactria while occupying areas of Indian subcontinent, until Bactria was lost to invading nomads. After 145 BC, Indo-Greek kings ruled exclusively in parts of ancient India, especially in Gandhara, in what is now present-day the northwestern Pakistan. The Indo-Greeks had a rich Hellenistic heritage and artistic proficiency as seen with the remains of the city of Ai-Khanoum, which was founded as a Greco-Bactrian city. In modern-day Pakistan, several Indo-Greeks cities are known such as Sirkap near Taxila, Barikot, and Sagala where some Indo-Greek artistic remains have been found, such as stone palettes.
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Around 535 BCE, the Persian king Cyrus the Great initiated a protracted campaign to absorb parts of India into his nascent Achaemenid Empire. In this initial incursion, the Persian army annexed a large region to the west of the Indus River, consolidating the early eastern borders of their new realm. With a brief pause after Cyrus' death around 530 BCE, the campaign continued under Darius the Great, who began to re-conquer former provinces and further expand the Achaemenid Empire's political boundaries. Around 518 BCE, the Persian army pushed further into India to initiate a second period of conquest by annexing regions up to the Jhelum River in what is today known as Punjab. At peak, the Persians managed to take control of most of modern-day Pakistan and incorporate it into their territory.
Karshapana, according to the Ashtadhyayi of Panini, refers to ancient Indian coins current during the 6th century BCE onwards, which were unstamped and stamped (āhata) metallic pieces whose validity depended on the integrity of the person authenticating them. It is commonly supposed by scholars that they were first issued by merchants and bankers rather than the state. They contributed to the development of trade since they obviated the need for weighing of metal during exchange. Kārṣāpaṇas were basically silver pieces stamped with one to five or six rūpas ('symbols') originally only on the obverse side of the coins initially issued by the Janapadas and Mahajanapadas, and generally carried minute mark or marks to testify their legitimacy. Silver punch-marked coins ceased to be minted sometime in the second century BCE but exerted a wide influence for next five centuries.
Hellenistic influence on Indian art and architecture reflects the artistic and architectural influence of the Greeks on Indian art following the conquests of Alexander the Great, from the end of the 4th century BCE to the first centuries of the common era. The Greeks in effect maintained a political presence at the doorstep, and sometimes within India, down to the 1st century CE with the Greco-Bactrian Kingdom and the Indo-Greek Kingdoms, with many noticeable influences on the arts of the Maurya Empire especially. Hellenistic influence on Indian art was also felt for several more centuries during the period of Greco-Buddhist art.
The earliest coin minted in today's territory of Nepal was in Shakya Mahajanapada, along the India–Nepal border at around 500 BCE. Shakya coins were an example of a coin invented in the Indian subcontinent which continued to be used in Nepal alongside India for over 1500 years.
The Post-Mauryan coinage of Gandhara refers to the period of coinage production in Gandhara, following the breakup of the Maurya Empire. When Mauryan central power disappeared, several small independent entities were formed, which started to strike their own coins, defining a period of Post-Mauryan coinage that ends with the rise of the Gupta Empire in the 4th century CE. This phenomenon was particularly precocious and significant in the area of Gandhara in the northwest, and more particularly in the city of Taxila, in modern-day Pakistan.
Post-Mauryan coinage refers to the period of coinage production in India following the breakup of the Maurya Empire.
Mir Zakah is a village in the Mirzaka District of Paktia Province in eastern Afghanistan, and on the old caravan route from Ghazni to Gandhara.
The Kabul hoard, also called the Chaman Hazouri, Chaman Hazouri or Tchamani-i Hazouri hoard, is a coin hoard discovered in the vicinity of Kabul, Afghanistan in 1933. The collection contained numerous Achaemenid coins as well as many Greek coins from the 5th and 4th centuries BCE. Approximately one thousand coins were counted in the hoard. The deposit of the hoard is dated to approximately 380 BCE, as this is the probable date of the least ancient datable coin found in the 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 those discovered in the Kabul hoard. The hoard contained a tetradrachm minted in Athens circa 500/490–485/0 BCE, or possibly as early as 520 BCE, 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. This hoard exists in the context of the Achaemenid conquest of the Indus Valley. It can also be related to another famous hoard in the region, the Kabul hoard.
Gandāra, or Gadāra in Achaemenid inscriptions was one of the easternmost provinces of the Achaemenid Empire in South Asia, following the Achaemenid invasion of the Indus Valley. It appears in various Achaemenid inscriptions such as the Behistun Inscription, or the DNa inscription of Darius the Great.
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