EAST INDIA COMPANY COINS

On the last day of 1600AD the company of the Merchants of London trading into East Indies, got the royal charter from Queen Elizabeth to monopoly for trade for 15 years. In 1608 AD the English company made its first attempt to establish a factory in India.  But in 1618 East India Company got permission to establish a permanent factory at Surat and gradually in later years, it established factories at different parts of India. These East India Company traders gradually got involved in local politics and ultimately succeeded in becoming the rulers of India. Thus whole of India was under their control by 1834 AD. In 1857 AD the Indian People revolted against East India Company’s rule. It resulted in transfer of power from East India Company to British Monarchy. This rule resulted in the end of East India Company in India.  The struggle for Independence continued by people of India till they succeeded in 1947 AD, when India got independence from British rule.

COINAGE DURING EAST INDIA COMPANY RULE

1) In the very early stages the EAST INDIA COMPANY imported special coins from England for the use in their factory and trades with other European Companies.

2) Later, EAST INDIA COMPANY got royal permission to mint their coins locally with English inscription for the local use of these coins with the people near by factories East India Company.

3) For the company’s trade, far away from their factories they got the coins minted by Moghul Emperors. These coins were in Moghul style with Persian inscriptions. They were minted at Moghul mints from the bullion supplied by East India Company.

4) From 1716 AD to 1835 AD as the EAST INDIA COMPANY became politically strong, they minted their own coins in EAST INDIA COMPANY mints, but in Moghul style. Those EAST INDIA COMPANY coins were almost similar to Moghul coins. The borderline to separate EAST INDIA COMPANY coins or distinguish them from Moghul coins is blurred and hence difficult.

5 )From 1835 AD uniform coinage in European style, with the effigy of British monarch, replacing the Moghul emperor’s name were issued

6)From 1862 to 1947 AD coins were continued to issued with effigy of succeeding British Monarchs, till India got independence in 1947 AD 

Some of my collections

East India Company 4 Pies Coins Year 1824 Very Rare

East India Company 4 Pies Coins Year 1825 Very Rare

East India Company 2 Pies Coins Year 1825 Very Rare

East India Company Half Anna Year 1835 

East India Company Quarter Anna Year 1835

East India Company 1/12th Anna Year 1835

THE IMAGES ARE FROM MY OWN COLLECTIONS COINS

Madras Presidency Coins

Madras, also known as Fort St George, was founded in 1640. It was the first territorial acquired by East India Company and it was the oldest among all the three presidencies (Madras, Bombay and Bengal). Madras Presidency was also known as Madraspatinam or Chinapatinam. The company obtained a small piece of land just outside the walls of Fort St George and started building a mint on March 1, 1640.
On this post I publish some of my European mint madras presidency coins, I will post more madras presidency coins in near future

 Excellent Coin Of Madras Presidency XX Cash (20 Cash) European Mint Style Year 1808

Excellent Coin Of Madras Presidency X Cash (10 Cash) European Mint Style Year 1808

Excellent Coin Of Madras Presidency X Cash (10 Cash) European Mint Style Year 1803 Rare Year

King George VI Five Rupees Burma Note Signed by C D Deshmukh

The Reserve Bank of India was formally inaugurated on Monday, April 1, 1935 with its Central Office at Calcutta. Section 22 of the RBI Act, 1934, empowered it to continue issuing Government of India notes until its own notes were ready for issue. The bank issued the first five rupee note bearing the portrait of George VI in 1938. This was followed by Rs. 10 in February, Rs 100 in March and Rs 1,000 and Rs 10,000 in June 1938. The first Reserve Bank issues were signed by the second Governor, Sir James Taylor. In August 1940, the one-rupee note was reintroduced as a wartime measure, as a Government note with the status of a rupee coin. During the war, the Japanese produced high-quality forgeries of the Indian currency. This necessitated a change in the watermark. The profile portrait of George VI was changed to his full frontal portrait. The security thread was introduced for the first time in India. The George VI series continued till 1947 and thereafter as a frozen series till 1950 when post-independence notes were issued.

British India King George VI 10 Rupees Burma Note

King George VI One Rupee Silver Coin Year 1940

After the death of King George V his son, who would have been King Edward VIII, abdicated before the coronation. No coins were minted using his portrait. His brother the Duke of York was crowned King George VI in May 1937 and the first coin of India with his effigy was minted in 1938.

 

King George V One Rupee Silver Coins Year 1916

Name: George V

Born: 3-June-1865

Reign -06 May 1910-20 January 1936
Coronation - 22 June 1911
Predecessor - Edward VII
Successor - Edward VIII

 

King Edward VII One Rupee Silver Coin Year 1906

Full name --Albert Edward
Reign --22 Jan 1901-06 May 1910
Coronation --09 Aug 1902
Predecessor --Victoria
Successor --George V

 

Queen Victoria One Rupee Silver Coin Year 1862


Name: Alexandrina Victoria
Born: 24-May-1819
Reign:  20-June-1837 TO 22-January-1901
Predecessor: William VI
Successor: Edward VII
 

Coin collecting is the collecting or trading of coins or other forms of minted legal tender.
Coins of interest to collectors often include those that circulated for only a brief time, coins with mint errors and especially beautiful or historically significant pieces. Coin collecting can be differentiated from numismatics in that the latter is the systematic study of currency. Though closely related, the two disciplines are not necessarily the same. A numismatist may or may not be a coin collector and vice versa.

The motivations for collecting are varied. Possibly the most common type of collector is the hobbyist, who amasses a collection purely for fun with no real expectation of profit. This is especially true of casual collectors and children who collect items on the basis of chance and personal interest.
Another frequent reason for purchasing coins is as an investment. As with stamps, precious metals or other commodities, coin prices are cyclical based on supply and demand. Prices drop for coins that are not in long-term demand, and increase along with a coin's perceived or intrinsic value. Investors buy with the expectation that the value of their purchase will increase over the long term. As with all types of investment, the coin collector do a study before buying. Likewise, as with most collectibles, a coin collection does not produce income until it is sold, and may even incur costs (for example, the cost of safe deposit box storage) in the interim.
The purpose of the blog is to motivate the coin collectors and to display my coin collections
I buy and sell all type of coins in eBay; I collect only East India Company coins and Madras presidency coins
Here I am displaying some of my collection,