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HM29329

EIC, Madras Presidency, silver Rupee, Chinapatan, AH 1123, year 5.

British India, East India Company, Madras Presidency, Mughal style, silver Rupee, in the name of Shah Alam I Bahadur (AH 1119-24/1707-12), Chinapatan, AH 1123, yr 5 [1711/12], shah alam badshah ghazi sanah 1123 [Shah Alam, victorious Emperor, 1123], rev. zarb chinapatan sanah 5 julus [Struck at Chinapatan in the 5th year of his reign], 11.30g, 3h (Prid. 123 [not in Sale]; Stevens 2.19; KM. A302). Lovely clear mint, test mark on reverse, otherwise good very fine.

Provenance:

Ex Puddester Collection, Part One, Noonans, 8-9 February 2023, Lot 59

Facing competition, sabotage and attempted assassination from other European companies, the agents of the East India Company sought various locations for strongholds, trading-centres and factories. In 1640 Fort St George was established on what was then uninhabited land, and an EIC mint was striking local-style coinage, Pagodas and Cash, by 1643. When the Mughal Emperor Aurangzeb conquered the state of Golconda in 1687 Mughal-style coinage began to be used in the south of India. To facilitate trade, the East India Company negotiated permission from the emperor to strike Mughal style coins in the area, in 1692. Initially the mint name on these coins was Chinapatan, the local name for Madras which is now the metropolis Chennai.

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