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MADRAS PRESIDENCY: AE cash (1.24g), 1737, VF

Currency:USD Category:Coins & Paper Money / Indian Coins - Colonial Start Price:25.00 USD Estimated At:50.00 - 75.00 USD
MADRAS PRESIDENCY: AE cash (1.24g), 1737, VF
SOLD
40.00USD+ buyer's premium (20.00)
This item SOLD at 2026 Jul 20 @ 14:20UTC-07:00 : PDT/MST
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BUYER'S PREMIUM - The Buyer's Premium is $20 per lot or 20% of the hammer price, whichever amount is greater.
MADRAS PRESIDENCY: AE cash (1.24g), 1737, 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.