PANCHALA, circa 300 BC, silver karshapana


PANCHALA, c. 300 BC, karshapana, no date, Obverse: flower of 6 petals & central dot, Reverse: blank, rectangular, silver, 9x12mm, 2.01g, Rajgor ser. 73, MATEC3723+, VF

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Panchala was a kingdom in the modern Indian state of Uttar Pradesh. The Panchala coins were apparently made in the final years of independence before its absorption into the Mauryan Empire.

The earliest ancient Indian coins were the “bent bar” punchmarked silvers of the Achaemenid Persians occupying Gandhara in northwest Pakistan. By the 3rd century BC coins were in general use in most of India and Ceylon, and in subsequent centuries struck round coins in gold, silver, and copper came into use throughout the subcontinent and beyond to Southeast Asia and Pacific islands to Java and beyond.