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MADRAS PRESIDENCY: AE cash (1.13g), 1730, VF

Currency:USD Category:Coins & Paper Money / Indian Coins - Colonial Start Price:35.00 USD Estimated At:50.00 - 75.00 USD
MADRAS PRESIDENCY: AE cash (1.13g), 1730, VF
CURRENT BID
0.00USD+ applicable fees & taxes.
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35.00USD
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35.00 x 1 unit = 35.00USDApplicable fees & taxes are added at checkout.
[?]Live Online Auction Starts In 2025 Nov 17 @ 10:00 (UTC-08:00 : PST/AKDT)
IMPORTANT NOTE - The Buyer's Premium is now $20 per lot or 20% of the hammer price, whichever amount is greater. However, we have also reduced opening bids on lower value items to adjust for the new Buyer's Premium structure, so all-in costs are still very close to what they were in the past. This change in fee structure will allow us to continue to offer coins valued at less than $100 in addition to our higher value offerings. Contact us with any questions.
MADRAS PRESIDENCY: AE cash (1.13g), 1730, KM-302, East India Company issue with balemark, VF. Soon after its creation, the United East India Company began to use a 'balemark', which identified its products as they arrived in busy ports or were sold on the trading floor. Initially a simple mark, this evolved by the 1700s into a heart shaped figure {denoting 'good luck') surmounted by a figure four (symbolizing Agnus Dei - 'Lamb of God') and containing the initials of the company, VEIC with the letter 'U' Latinized. This symbol became known as "the chop" a word derived from the Hindi word 'chap' – which means stamp. From the late 17th century to the early 19th century the exchange rate was; 80 cash equalling 1 fanam with 36 fanams equalling 1 pagoda.