The East India Company, the first British company to start trading in India with the British monarchy's permission between 1600 and 1834 began exchange of money for trading by importing special coins from England; this gradually changed to minting local coinage in India with English inscription on them. These coins were used for trading with companies close by; for the far away ones they got the Mughal emperors to mint coins for them, These coins were Mughal in style with Persian inscription on them & were minted in the Mughal mints. The bullion for these however, was supplied by the East India Company. There was immense similarity between the EIC company coins and those of the Mughals.
Showing posts with label Old Coins. Show all posts
Showing posts with label Old Coins. Show all posts
