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BOMBAY PRESIDENCY: AV rupee (1/15 mohur), (0.76g), Surat, year 4(6), PCGS MS63

Currency:USD Category:Coins & Paper Money / Indian Coins - Colonial Start Price:160.00 USD Estimated At:250.00 - 350.00 USD
BOMBAY PRESIDENCY: AV rupee (1/15 mohur), (0.76g), Surat, year 4(6), PCGS MS63
CURRENT BID
170.00USD+ applicable fees & taxes.
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[?]Live Online Auction Starts In 2025 May 15 @ 09:00 (UTC-07:00 : PDT/MST)
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BOMBAY PRESIDENCY: AV rupee (1/15 mohur) (0.76g), Surat, year 4(6), KM-213, Stv-6.159. Prid-254., East India Company issue in the name of Shah Alam II, struck with frozen date and mint, a lovely mint state example! PCGS graded MS63. 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, and 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.