29/04/2019

24-04-2019- ANCIENT INDIAN COINS- Madras Presidency - Regulating Dub


ഇന്നത്തെ പഠനം
അവതരണം
Augustine Stephen D'souza
വിഷയം
ANCIENT INDIAN COINS
ലക്കം
15

British India

Madras Presidency - Regulating Dub

Nowhere in the history of the coinage world was an "adjusting unit" between two monetary systems.

This coin was introduced to adjust the payments made in copper dubs at the presidency when they reckoned in terms of Star Pagoda and Fanams instead of the Rupee.

In the sence, Regulating Dub was not a complete monetary unit in itself and this along with three dubs would make a Fanam.

Another interesting feature of this coin was that English was not used on the narration.

The exchange was

One Rupee  = 48 single dubs/24 double dubs 
One pagoda  = 168 single dubs/84 double dubs 
One pagoda  = 229 1/2 Regulating dubs 
One Pagoda = 42 Fanams 
Three single dubs and a regulating dub = One Fanam

Specifics of the coin shown below 

Obverse - Honourable company in Urdu 
Reverse 
Tamil - Idhuvum munu pudu dabbum oru chinna panam 
Telugu  - Idhini mudu kottha dubbulu nu voka chinna rooka 

Translation in English of the both text is " This (coin) and three new dubs make one small Fanam
Metal  - Copper 
Mint  - Madras 
Year of issue  - 1807 AD 
Weight  - 7.60 gms 
Diameter  - 27 mm



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