Photo: CNG Coins · CC BY-SA 3.0
Coin · c. 6th–2nd century BCE

Punch-marked karshapanas

Found
In hoards across the subcontinent, from Taxila to the Deccan and the Gangetic plain
Kept at
National Museum, New Delhi; British Museum; most Indian state museums

The first coins of Bharat: small pieces of silver of a set weight, stamped one symbol at a time with separate punches.

What it says

The standard piece weighed about 3.4 g, thirty-two ratis by the old gunja-seed weight. The Magadha and Maurya issues carry five punches on one face: the sun, a six-armed wheel, and others such as a hill of arches, a tree in a railing, an elephant or a bull. Earlier Janapada coins were bent bars in Gandhara and cup-shaped pieces in Kosala. The Arthashastra names the silver pana and its fractions.

What it proves

They show that the Janapadas and then the Mauryas ran a money economy with a common weight standard across north India.

Evidence for