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Coin - 1/96 Rupee, Madras Presidency, India, 1797 Numismatics Reg. No: NU 27318

Summary:
1/2 Dub or 1/96 Rupee, Issued by, Northern Circars, Madras Presidency, India, 1797
Minted by Soho Mint, Birmingham
Statement Of Significance:
The territory known as the Northern Circars was ceded to the EIC by the Nizam of Hyderabad on 12 November 1766. Coinage consisted of gold pagodas, silver rupees and copper dubs. The copper dub was rated at 48 to the rupee (as stated on this coin) but was not accepted by the government in payment with the result that it market value fluctuated, often 10% in a single day. To end this situation a large orde of copper coins was made with the Soho MInt, Birmingham, England in 1794. There, Matthew Boulton was experimenting withstriking legends into a raised rim on coins and tokens, to increase their circulation life by resisting wear. The EIC elected a design which combined both raised and incuse lettering and ordered coins of 1/48th and 1/96th rupee. Shipment began on 8 November 1794, with 4,616,129 1/48th and 9,102,868 96th pieces sent by 4 March 1795. The coins proved successful and a second large order was placed in 1796 (the coins dated 1797, the year they would be issued). This coins comes from the second issue, one of 10,540,223 issued.
Acquisition Information:
Transfer from National Gallery of Victoria (NGV), 1976
Discipline: Numismatics
Dimensions: 24.5 mm (Diameter)
Weight: 6.61 g (Weight)

More information

Tagged with: british commonwealth coins, british commonwealth and empire coins
Themes this item is part of: George McArthur, Collector & Baker (1842-1903), Numismatics & Philately Collection
Primary Classification: COINS
Secondary Classification: India - Madras
Tertiary Classification: working strikes
Series: British India
DateEra: 1797 AD
Denomination: 1/96 Rupee
Obverse Description: Within a broad rim, the company arms, a quartered shield (oval crowned Royal shield in the first quarter of the shield else plain); crest of a helm with lion holding the Imperial Crown; lion supporters, each holding a banner charged with a cross; below incuse on ribbon, UNITED EAST INDIA CO.; below ribbon, 96; on rim below, TO ONE RUPEE; around above, incuse on rim, the motto, AUSPICIO REGIS ET SENATUS ANGLICAE
Reverse Description: Within a broad rim, the company balemark; around above, incuse on rim, UNITED EAST INDIA COMPANY; below, incuse on rim, 1797
Edge Description: incuse, ENGLISH UNITED EAST INDIA COMPANY
Shape: round
Material: Copper
Issued By: East India Company, Madras Presidency, India, 1797
Mint: Soho (Mint), Great Britain, 1797
References: Pridmore 316
KM#397
Bibliography:
  1. [Book], Major Fred Pridmore, The Coins of the British Commonwealth of Nations, Part 4, India, Spink & Son Ltd., London, 1975, 50 & 88-89 Pages
  2. [Book], Mr Colin Bruce - Krause Publications, Standard Catalogue of World Coins 1701 - 1800, Krause Publications, Iola, 2007, 826 Pages
  3. [Book], Dr Richard Doty - Smithsonian Institute Numismatics, The Soho Mint and the Industrialization of Money, Smithsonian Institution, Cambridge, England, 1998, 311-312 Pages

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