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MADRAS PRESIDENCY: AE cash (1.28g), 1733, PCGS EF40

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 (1.28g), 1733, PCGS EF40
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[?]Live Online Auction Starts In 2026 Aug 17 @ 10:00 (UTC-07:00 : PDT/MST)
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MADRAS PRESIDENCY: AE cash (1.28g), 1733, KM-302, East India Company issue, balemark on reverse, PCGS graded EF40. 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 4 (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 equaling 1 fanam, with 36 fanams equaling 1 pagoda.