1986

BOMBAY PRESIDENCY: AV rupee (1/15 mohur) (0.73g), Surat, year 46 (off flan), EF

Currency:USD Category:Coins & Paper Money / Indian Coins - Colonial Start Price:160.00 USD Estimated At:180.00 - 220.00 USD
BOMBAY PRESIDENCY: AV rupee (1/15 mohur) (0.73g), Surat, year 46 (off flan), EF
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BOMBAY PRESIDENCY: AV rupee (1/15 mohur) (0.73g), Surat, year 46 (off flan), Stv-6.159, Prid-254. KM-213, bold scratch across the reverse, EF. The gold rupee, at a standard of 0.77g (individual examples can vary considerably), was approved in October 1800 and declared legal tender in December 1801, and minting commenced at the beginning of February 1802 at a fineness of 94%. The intention was to offer a rupee coin in gold that would "afford considerable convenience to the inhabitants", as cited in the initial request. It was struck at both the Surat and Bombay Mints, with the Bombay piece distinguished by the addition of a privy mark, with no mark for the Surat issues. The Government liked the idea that gold rupees would be much more convenient for payments to the Treasury, but the people were not pleased with this minuscule coin and preferred the silver rupee. The gold rupee was discontinued at Surat by 1815 and at Bombay in 1832.