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Coin - 2 Pice, Bombay Presidency, India, 1741 Numismatics Reg. No: NU 27791

2 Pice, Issued by Bombay Presidency, India, 1741
Minted by Bombay Mint

Cast from tin
Statement Of Significance:
In 1741 the value of copper as a metal in Bombay reached a point where the copper coins were removed from circulation. On 7 February 1741 the mint master at Bombay was instructed to produce 2000 rupees of tin Pice and further orders were placed in 1741, 1742 and 1743. The weight of the tin coin was set so as to return a profit in their production and issue of 20% to the Company. A supply of copper had been obtained from Persia in 1742 but the value of the metal remained high and the EIC elected to sell it rather than use it for a local copper coinage. By 1748 forgery of the tin coins had become so common that a return to copper was made until 1754 when copper prices forced a return to tin.
Discipline: Numismatics
Dimensions: 40 mm (Diameter)
Weight: 31.13 g (Weight)

More information

Tagged with: british empire coins, british commonwealth and empire coins
Themes this item is part of: Bombay Mint, Medal & Coin Makers, India, Numismatics & Philately Collection
Primary Classification: COINS
Secondary Classification: India - Bombay
Tertiary Classification: working strikes
Series: British India
DateEra: 1741 AD
Denomination: 2 Pice
Obverse Description: A large crown; above divided by the cross and orb on top of the crowm, CR; below, BOMB
Reverse Description: AUSPICIO / REGIS ET / SENATUS / ANGLIAE / 1741
Edge Description: Plain
Shape: round
Material: Tin
Issued By: East India Company, Bombay Presidency, India, 1741
Mint: Bombay (Mint), India, 1741
References: KM#157
Pridmore 233
  1. [Book], Major Fred Pridmore, The Coins of the British Commonwealth of Nations, Part 4, India, Spink & Son Ltd., London, 1975
  2. [Book], Mr Colin Bruce - Krause Publications, Standard Catalogue of World Coins 1701 - 1800, Krause Publications, Iola, 2007

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