Rāṣṭramvasu, dāmōdara, बहु--सुवर्णक, pre- & post-Mauryan wealth revealed by monetised Bhāratam ancient coins (321-185 BCE)
How vasu ‘wealth’ of rāṣṭram was created in Ancient Bhāratam
India has successfully cleaned up her monetary system thanks to demonetisation from Nov. 8, 2016.
Monetisation refers to the conversion of an object, e.g. a plate of metal, into money, which means that the chosen object is accepted as a medium of exchange.
Such a substitution is called pratinidhi in Tantra Yukti research methodology of Bhāratam.
Metals monetized as coins are a remarkable episode in the story of civilizations narrated in the oldest human document, the Rigveda. Standardisation of the coins in weight and accepting the coins as money is a process which can be traced from ancient texts, Indus Script Corpora and ancient coins of Bhāratam Janam.
Ancient history of the nation offers many lessons on an idea of the wealth of the rāṣṭram.
Over 8000 inscriptions in Indus Script Corpora are metalwork catalogues. Many hypertexts and hieroglyphs which get punch-marked or impressed on tens of thousands of punch marked and cast coins of ancient Bhāratam are also metalwork catalogues. Both these types of catalogues are a way of documenting the artha, ‘wealth’ of the Rāṣṭram created by artisans and traders of the nation.
Tens of thousands of coins of a variety of metals of Ancient Bhāratam are representations of Pre- & Post-Mauryan wealth -- monetised Bhāratam ancient coins (321-185 BCE).
These coins constitute the data mines of the wealth of the Rāṣṭram, detailing the wealth using hypertexts and hieroglyphs in the Indus Script tradition.
Indus Script tradition itself is a continuum of Veda cultural tradition which documents nigama, naigama (with two meanings: veda text; company of merchants); kārṣāpaṇá and s’atamāna शत--मान [p= 1050,1] m. any object made of gold which weighs a hundred मानs S3Br. Ka1tyS3r.; m. n. a weight (or gift) of a hundred मानs in gold or silver ( -दक्षिण ) मानn. a partic. measure or weight (= कृष्णत or रक्तिका ; accord. to Sch. on TS. and Ka1tyS3r. 100 मानs = 5 पलs or पणs)
कृष्णल [p= 308,1] n. rarely ([ Ya1jn5. i , 362]) m. (g. सिध्मा*दि) the black berry of the plant Abrus precatorius used as a weight (the average weight being between one and two grains) Ka1t2h. TBr. Mn. Ya1jn5. Comm. on Ka1tyS3r. &c; a coin of the same weight Mn. Ya1jn5.; a piece of gold of the same weight TS. Kaus3. Nya1yam.; f. Abrus precatorius (a shrub bearing a small black and red berry = गुञ्जा , रक्तिका) L.
The story of a civilization, the monetisation of the wealthiest nation on the globe from ca. 8th millennium BCE has yet to be fully narrated. This is a start by collating the available resources made available by archaeology, numismatics and historical studies of the civilization.
This monograph demonstrates that the continuum of the monetary system is traceable from the evidence of Indus Script Corpora. Many hieroglyphs of the script continue to signify symbols on early monetary system (punch-marked and cast coins) managed by śreṇi guilds of Takshasila mints and hundreds of other mints of the nation.
दक्षिणा f. completion of any rite (प्र-तिष्ठा) L. f. a gift , donation (cf. अभय- , प्रा*ण-)
Mn. iii R. ii; f. (°णाम्आ- √ दिश् , " to thank " DivyA7v. vii , 104 ; Caus. " to earn thanks " , i); f. reward RV. viii , 24 , 21; f. Donation to the priest (personified along with ब्रह्मणस्-पति , इन्द्र , and सोम , i , 18 , 5 ; x , 103 , 8 ; authoress of x , 107 RAnukr. ; wife of Sacrifice [ Ragh. i , 31 BhP. ii , 7 , 21] , both being children of रुचि and आकूति , iv , l , 4 f. VP. i , 7 , 18 f.); f. a fee or present to the officiating priest (consisting originally of a cow cf. Ka1tyS3r. . xv La1t2y. viii , 1 , 2 ). RV. &c; f. (scil. गो) , " able to calve and give milk " , a prolific cow , good milch-cow RV. AV.; दक्षिण [p= 465,2] able , clever , dexterous Pa1n2. 1-1 , 34 Ka1s3. S3atr. (ifc.)
बहु--सुवर्णक [p= 726,1] mfn. costing or possessing much gold R.; m. N. of an अग्रहार on the Ganges Katha1s. Dakshina gives horses, gives cows, gives gold and also silver, bestows food. Our spirit discriminating (all things) puts on dakshina for armour. (RV 10.107.7)
RV 8.24.21 Whose hero powers are measureless, whose bounty Never may be surpassed,
Whose liberality, like light, is over all.
RV 10.107
Griffith translation: Daksina (Guerdon = Reward or recompense)āvír abhūn máhi mâghonam eṣāṃ is the incipit, a tribue to dakshina, ‘reward, Guerdon’.
1. THESE mens' great bounty hath been manifested, and the whole world of life set free from
darkness.
Great light hath come, vouchsafed us by the Fathers: apparent is the spacious path of Guerdon.
2 High up in heaven abide the Guerdon givers-: they who give steeds dwell with the Sun for ever.
They who give gold are blest with life eternal. they who give robes prolong their lives, O Soma.
3 Not from the niggards for- they give not fireely comes- Meed at sacrifice, Gods satisfaction:
Yea, many men with hands stretched out with Guerdon present their gifts because they dread
dishonour.
4 These who observe mankind regard oblation as streamy Vayu and light finding- Arka.
They satisfy and give their gifts in synod, and pour in streams the seven mothered- Guerdon.
5 He who brings Guerdon comes as first invited: chief of the hamlet comes the Guerdon bearer-.
Him I account the ruler of the people who was the first to introduce the Guerdon.
6 They call him Rsi, Brahman, Sama chanter-, reciter of the laud, leader of worship.
The brightlyshining- Gods' three forms he knoweth who first bestowed the sacrificial Guerdon.
7 Guerdon bestows the horse, bestows the bullock, Guerdon bestows, moreover, gold that Rsisters.
Guerdon gives food which is our life and spirit. He who is wise takes Guerdon for his armour.
8 The liberal die not, never are they ruined: the liberal suffer neither harm nor trouble.
The light of heaven, the universe about us, all this doth sacrificial Guerdon give them.
9 First have the liberal gained a fragrant dwelling, and got themselves a bride in fair apparel.
The liberal have obtained their draught of liquor, and conquered those who, unprovoked, assailed
them.
10 They deck the fleet steed for the bounteous giver: the maid adorns herself and waits to meet
him.
His home is like a lake with lotus blossoms, like the Gods palaces adorned and splendid.
11 Steeds good at draught convey the liberal giver, and lightly rolling moves the car of Guerdon.
Assist, ye Gods, the liberal man in battles: the liberal giver conquers foes in combat. Wilson’s translation:
10.107.01 The great (splendour) of Maghavan has become manifest (for the rites) of these (worshippers); all life has been extricated from darkness, the vast light bestowed by the progenitors has arrived, a spacious path for the daks.in.a_ has been displayed. (I Maghavan: Maghavan = the sun, at whose rising and at midday the daks.in.a_ is to be given, not at sunset; cf. RV. 5.77.2].
10.107.02 The donors of the daks.in.a_ have mounted high in heaven, those who are givers of horses dwell with the sun; the givers of gold obtain immortality, the givers of raiment, O Soma, prolong their life. [Raiment: the givers of clothing (abide with you) Soma; (they all) prolong their life].
10.107.03 The divine nourishing Daks.in.a_, which is part of the sacrifice to the gods, is not for those who go wrong, for they do not gratify (the gods with worship), but many men through fear of incurring sin liberally extending the daks.in.a_ gratify the gods.
10.107.04 They see (the offering of) the oblation to Va_yu, of the hundred streams, to the all-conscious sun, to the men-beholding (deities); they who please (the gods) and offer (oblations at the festival, let flow the daks.in.a_, the mother of seven. [Mother of seven: i.e., which has the seven sam.stha_s as in children, the agnis.t.oma etc., or that which has seven mothers as regulators (nirma_tarah), the Hota_ and other priests].
10.107.05 Summoned (by the priests) first advances the daks.in.a_-bearing (sacrificer); the head of the village bearing the daks.in.a_ goes in the front. I regard him as a king among men who first introduced the daks.in.a_.
10.107.06 They call him the r.s.i, the Bra_hman.a, the leader of the sacrifice, the chanter of the hymn, the reciter of the prayer, he knows the three forms of light who first worshipped with the daks.in.a_/ [The leader of the sacrifice: the last three epithets denote the Adhvaryu, the Udga_ta_, and the Hota_; three forms of light: i.e., Agni, Va_yu and A_ditya].
10.107.07 Daks.in.a_ gives horses, daks.in.a_ gives cows, daks.in.a_ gives gold and also silver, Daks.in.a_ bestows food. Our spirit discriminating (all things) puts on daks.in.a_ for armour.
10.107.08 The givers of enjoyment do not die, they do not go to destruction, they suffer no injury, the givers of enjoyment suffer no pain. Daks.in.a_ gives them all this world and the entire heaven.
10.107.09 The givers of enjoyment first won the cow the source (of food), the givers of enjoyment have won a bride who was beautifully attired, the givers of enjoyment have won deep potations of wine, the givers of enjoyment have conquered those who without being challenged advance to meet them.
10.107.10 For the giver of enjoyment they deck out a fleet horse, to the giver of enjoyment is presented a maiden beautifully adorned, to the giver of enjoyment belongs this dwelling, adorned like a lake full of lotus flowers, delightful as a dwelling of the gods.
10.107.11 Horses capable of bearing heavy burdens bear the giver of enjoyment, a well-constructed chariot rolls along (for the giver) of the daks.in.a_; O gods, protect the giver of enjoyment in combats; may the giver of enjoyment be the victor over his foes in battles.
नि-° गम [p= 545,3] the वेद or the Vedic text Hariv. Pa1n2. Pur. &c; any work auxiliary to and explanatory of the वेदs Mn. iv , 19 ( Kull. ) = परिशिष्ट; नै--गम[p= 569,3] mf(ई)n. relating to the वेद or Vedic words or quotations (a N. given to the collection of 278 separate words occurring in the निगम or वेद and commented on by यास्क ; they are arranged in one chapter of three sections) , Vedic Nir. BhP.; m. an interpreter of the sacred writings Pa1n2. 5-4 , 118 Pat. https://archive.org/details/lecturesonancien00bhaniala Lectures on Ancient Indian Numismatics delivered by D.R. Bhandarkar, Carmichael Professor of Ancient Indian History and Culture, Calcutta University. The archive contains full text of the five lectures delivered in 1921. Lecture I. Importance of the Study of Numismatics ... 1-36
II. Antiquity of Coinage in India ... ... 37-75
III. Karshapana : its Nature and Antiquity ... 76-123
IV. Science of Coinage in Ancient India ... 124-166
V. History of Coinage in Ancient India ... 167-212
kārṣāpaṇá m.n. ʻ a partic. coin or weight equivalent to one karṣa ʼ. [karṣa -- m. ʻ a partic. weight ʼ Suśr. (cf. OPers. karša -- ) and paṇa -- 2 or āpana -- EWA i 176 and 202 with lit. But from early MIA. kā̆hā°]Pa. kahāpaṇa -- m.n. ʻ a partic. weight and coin ʼ, KharI. kahapana -- , Pk. karisāvaṇa -- m.n., kāhāvaṇa -- , kah° m.; A. kaoṇ ʻ a coin equivalent to 1 rupee or 16 paṇas or 1280 cowries ʼ; B. kāhan ʻ 16 paṇas ʼ; Or. kāhā̆ṇa ʻ 16 annas or 1280 cowries ʼ, H. kahāwan, kāhan, kahān m.; OSi. (brāhmī) kahavaṇa, Si.kahavuṇa, °vaṇuva ʻa partic. weightʼ. kāˊrṣāpaṇika ʻ worth or bought for a kārṣāpaṇa ʼ Pāṇ. [kārṣāpaṇá -- ]Pa. kāhāpaṇika -- , Or. kāhāṇiã̄.(CDIAL 3080-3081) कार्षा* पण[p= 276,3] mn. (g. अर्धर्चा*दि ; cf. कर्ष्) " weighing a कर्ष " , a coin or weight of different values (if of gold , = 16 माषs »कर्ष ; if of silver , = 16 पणs or 1280 Kowries , commonly termed a Kahan ; if of copper , = 80 रक्तिकाs or about 176 grains ; but accord. to some = only 1 पण of Kowries or 80 Kowries) Mn. viii , 136 ; 336 ; ix , 282; (ifc.) worth so many कार्षापणs Pa1n2. 5-1 , 29; n. money , gold and silver L.
niṣká m.n. ʻ gold ornament for neck or breast ʼ RV., ʻ specific weight of gold ʼ Yājñ.
Pa. nikkha -- , nek° m.n. ʻ gold necklace, a weight of gold ʼ; Pk. ṇikkha -- m. ʻ gold ʼ, m.n. ʻ a coin ʼ; Si. nik ʻ a goldsmith's weight ʼ. niṣkapardika ʻ without cowries ʼ. [kaparda -- ]
B. nikaṛiyā ʻ penniless ʼ, Or. nikauṛīā, H. nikauṛiyā; -- Bi. Mth. nikauriyā Grierson BPL 1070 ← H. with a false H. Bi. equivalence of ṛ ~ r? (CDIAL 7470, 7472) निष्क[p= 562,2] mn. (rarely n.) ( Un2. iii , 45 g. अर्धर्चा*दि) a golden ornament for the nec; later a partic. coin varying in value at different times (= 1 दीनार of 32 small or 16 large Rettis , = 1 कर्ष orसुवर्ण of 16 माषs , = 1 पल of 4 or 5 सु-वर्णs , = 1 larger पल or दीनार variously reckoned at 108 or 150 सु-वर्णs , = 4 माषs , = 16 द्रम्मs ; also a weight of silver of 4 सु-वर्णs)k or breast (also used as money)RV. &c
“…three types of Collegiate Sovereignty denoted by the terms Gana, Naigama and Janapada. Gana, I then told you, was an oligarchy and was thus a distinct political form of government. This conclusion was in the main based upon Chapter 107 of the Santiparvan of the Mahabharata, but received corroboration from what we knew from numismatics. At least three types of coins have been brought to light which were issued by three different Ganas, viz., the Malavas, Yaudheyas and Vrishnis. That all of them wee Ganas was already known to us from inscriptions and Kautilya’s Arthasastra. And it may, therefore, perhaps be argued that these coins teach us nothing new. Nevertheless, it must be acknowledged that tghey possess great corroborative value, which cannot be ignored in a subject connected with Administrative History, which is still in its infancy…one type of coins found in the Punjab on the obverse of which you find the word Negama, i.e. NaigamAh, and on the reverse such names as Dojaka, Talimata, Atakataka and so forth…they were really the civic coins struck by the peoples of these cities.” (ibid., pp.5-6))
On the antiquity of coinage in ancient Bharat, Bhandarkar notes: “And somewhat startling as it may appear, we notice that Panini refers to at least seven kinds of coins. Not only does he speak of the Karshapanas, but also of Nishkas, Satamanas and so forth…And if seven different types of metallic currency were prevalent in India about 550 BCE, the beginning of the beginning of coin-making in this country must be placed earlier than 700 BCE…we read of at least three classes of gold coinage in the Jataka literature…(Vessangtara Jataka) the Nishkas here specified must…represent the highest order of gold coins… (Story of a snake-king called Champeyya) In this Jataka we find two classes of coins specified, viz., the Karshapanas and Nishkas. The first evidently are the silver and the second the gold money of the country of Kasi…(Bhuridatta Jataka).At the very first performance that he (sane-charmer dancer) gave in a village, the people, we are told, were so pleased that they heaped on him hiranya, suvarna, vastra, alamkara and the like…the word suvarna means merely gold bullion of this weight…I have been able to trace at least two references to a type of gold coins called Suvarna-Mashaka…”Masha is a unit in the weight system of Indian coinage which differs in weight according as the coin is of gold,silveror copper…in ancient India of the sixth or perhaps of the seventh century BCE no less than three types of gold coins were current. Of the lowest value was the Mashaka, of a higher denomination was the Suvarna and of a still higher denomination, the Nishka.” (pp.45-53)…
On textual evidence for coins in Veda literature, Bhandarkar observes: “Katyayana’s Srautasutra contains a reference to a coin called Satamana…in the chapter entitled the Rajasuya-nirupanam, refers to the Satamana coin in three consecutive sutras…Nishka…occurs thrice in Chandogya…But if we correctly interpret the passage of this Upanishad, the word nishka in them must be taken to signify ‘a necklace’ and not ‘a coin’…(Sata;patha Brahmana) in the Kanda dealing with Rajasuya we have a section which treats of the Rathavimochaniya oblations. And in connection therewith we are told that behind the right-hind wheel of the car-stand, the king fastens two ROUND satamanas, which he has afterwards to give to the Brahman priests as his fee for this ceremony….Satamana may, however, have been one hundred manas or gunja berries in weight as explained by Sayana…but as it is spoken of as vritta or ROUND in shape in the first of the two instances just adduced, it must stand for coined money and not mere bullion weighing one hundred gunjas. (Another class of coins) The first passage is: Suvarnam hiranyam bhavati rupasy evavaruddhyai satamanam bhavati satayur vai purushah. The second is: hiranyam dakshina suvarnam satamanam tasy oktam. It will be seen that here Suvarna is associated with satamana, and both are called hiranya or gold. As Suvarna is thus distinguished from hiranya, Suvarna must, like Satamana, denote a coin, and not simply ‘gold’…Two passages of similar import are noticeable also in the Taittiriya Brahmana, which specify the reason by Satamana is given as a sacrificial fee. Here I shall cite one only, viz. Satamanam bhavati satayuh purushah satendriyah ayushyevendriye pratitishthathi. Nay, the very same passage is traceable in the Taittiriya Samita, which you are all aware forms the Samhita text of the Black Yajur Veda. This means that the Satamana type of coin was knowto the Aryan India not only in the Brahmana but also in the Samhita period.” (p.55-58)
“What about Nishka in the Vedic period?...We see that in this period three types of gold coins were known, viz., Suvarna, Satamana and Krishnala. We hear about them also in the post-Vedic period upto at least the decline and fall of the Gupta empire. But then in this later period we read about the Nishka coins also. Were they, however, known in the earlier Vedic period…? We have a passage in Atharva Veda where Kaurama, the liberal king of the Rushamas, bestows upon a Rishi along with other things a hundred Nishkas, which can here mean Nishka coin only, and not necklaces…Similarly, in the first Mandala of the Rigveda we have a hymn in which the poet-priest Kakshivat praises the munificence of his patron, King Bhavayavya… (RV 1.126.2)
“A hundred Nishkas from the king, beseeching, a hundred gift-steeds I at once accepted…”
“In hymn 33 of Mandala II of Rigveda, there is a line:
Here divinity Rudra, to whom this hymn is addressed, is described as wearing a nishka or golden chain or necklace. But be it noted that this nishka is called visvarupa. What can visarupa mean? Does it signify ‘omniform’? If so, what is meant by saying that Rudra’s necklace was omniform?...A good sense of the term visvarupa it is possible to fix upon, only if we admit that nishka means a necklace, originally at any rate, consisting of Nishka coins. The rupa in visvarupa can at once be recognized to be a word technical to the old Indian science of numismatics and denoting the symbol or figure on a coin which for that reason is styled rupya.The term is met with in this technical sense not only in the early Brahmanical but also in the Buddhist literature…rupa signifies a symbol or figure on a coin, and this enables us at once to pereceive the significance of visarupa. What the seer, or rather the composer of the hymn, means is that the necklace worn by the deity Rudra was composed of Nishka coins and that just because these Nishka coins bore various rupas or figures on them, the necklace was naturally visvarupa. The earliest of coins found in India are the punch-marked coins, and we know that no less than three hundred different devices or rupas have been marked on them. No wonder if the necklace of Rudra which was made of Nishka coins is described as visvarupa, i.e. covered with manifold rupas or figures…In RV VI.47.23, a panegyric by the Rishi Garga of the King Divodas, son of Srinjaya…giftgs bestowed by this king on the poet-priest…mention is made of dasa hiranyapinda…appear…to be buttons of gold which passed as unstamped money in the Rigvedic period.” (ibid., pp. 63-70)
Karshapana of Magadha Janapada
A remarkably lucid account in a forum for numismatics (SG Prabhu’s webpage) provides a summary of the incipient ideas of monetization of an economy.
“It is evident that the first coins were minted in India just before 5th century BCE. Few scholars/historians have suggested that India had her coinage in the 8thcentury BCE (much earlier than Lydia/Ionia). The archaeological evidenc reveals that Indians invented coins around 500 to 400 BCE. Panini (500 BCE), in his treatise Ashtadhyayi has written about coins and its fractions: Satamana (sata = 100, mana = units), Nishkas, Sana, Vimsatika, Karshapana. Each unit was called ‘Ratti’ weighing 0.11 gram, a mass of Gunja seed (black tipped bright red seed). Satamana typically weighed 11 gms and Karshapana weighed 32 rattis. It is in 500-600 BCE, silver became abundantly available of which most of it came from Afghanistan and Persia as a result of international trade. Silver for coins were available in three types, namely Tuthatat of Tutha mountain, Gandika from Burma and Kambu from Afghanistan’s Kamboja. Kambu silver was used for earlier coins more than the other two types. Certain small ingots of silver whose mark is three circular dots, often known as pulley, represents possibly the earliest form. The heavy bent bars of silver and copper with heptha radiated symbol stamped on the two ends of concave surface seems to be the next in order. These two categories are computed to have been in circulation as coins at least as early as 600 BCE. On the other hand, from every ancient Indian sites, from Kabul till the modern Tamilnadu, thousands of pieces of silver alloys have been recovered and they are numismatically known as Punchmarked coins due to the manufacturing techniques used in them. These coins were made of much alloyed silver, not of gold or electrum that were used in Lydian and Ionian coins. The silver in the form of thin sheets were clipped to adjust them into proper weights. These rectangular, square, oval and sometimes curious shaped sheets were then impressed with one to six symbols by means of separate punches mostly on one side. Of these symbols, sun and six-armed wheel are most consistent which leads us to believe that they are the descendants of Surya dynasty (Surya Vamsi). The other varying symbols were probably to guarantee the weight and purity. Until 19thcentury, they did not draw much attention, it is only during 1890, when W. Theobald took a special attention in analyzing the symbols, it was understood to have varieties of forms such as hill, animal, reptile, human figures and other objects. Two well-known numismatists, DR Bhandarkar and Dr. DB Spooner put forward their theory saying that punching of various symbols followed a definite pattern and these were the royal issues. They further sparked later investigations into the fabric, mass, area, period of circulation, metrology etc. Yet, due to lack of inscriptions, punch marked coins are not clearly assigned to a particular king/dynasty. Perhaps, the punchmarked coinage is conjectured as a natural development like that of Paper Hundi or note of hand, originally struck by guilds or private merchants and subsequently passed under royal control. The origin of symbols which are found on the punch marked coins could be traced back to the culture since prehistoric times. Only drawings conveyed meanings those days. A simple representation of cow or bull on a precious metal of cow’s worth probably has made their trade much easier than physically exchanging cow with other essential commodities. The prominent symbols such as SUN, six armed wheel explains why royal authorities punched them to transform into a newer unit of wealth. It is apparent that these punch marked coins belonged to two distinct periods – the coins of the first period contain one to four symbols and they are characterized by a specific weight though the symbol varied significantly from type to type. These coins belonged to a period when India had many janapadas and few Mahajanapadas (Small and large states). Janapadas namely Uttara Pancala, Rohilkhand, Dakshina Panchala, Doab, Saurashtra, Mala, Kamboja and Kuntala had only one symbol in their coinage. Gandhara produced the curious bent silver bar with heptha radiated symbols on its both ends on the obverse. Janapadas such as Kashi, Magadha, Koshala, Sadanira, Chedi, Avanti, Dakshina Koshala, Ashmaka, Vanga and Prachya produced four-symbol coinage. Between mid sixth and fourth century BCE, the Janapadas and Mahajanapadas were gradually absorbed into the rising Magadha empire, and coinage further evolved into five symbol form but in conceivable shapes. During Ashoka’s reign, the empire covered most of the country and coins also spread with imperial Maurya expansion. These coins were termed by numismatists as Imperial series of punch marked coins. The Imperial series coins weighed 32 rattis in weight and termed as Karshapanas. The coins are pieces of silver metal sheet of varying thickness, but they weighed almost the same (50 to 52 grains) except for varying shape and size. They can be as broad as 30 mm and as small as 8 to 10 mm. The thickness varies from fraction of mm to 2 mm. In the new system, the coins were grouped based on the symbol grouping. A symbol SUN is almost present in all symbol groups and hence coins bearing sun are assumed to have issued without break. The second more complex symbol – six armed wheel places several varieties in the same group. The third symbol in the classification table shows strong affinities among themselves, and they are formed of hill, animal, taurine etc. They have seven such categories and are termed as class symbol. The fourth place is assigned to symbols within the above class. The fifth varied largely and there are more than one group with whom they are associated. They represented a hide and seek pattern and are the largest. The coins hence may be assigned with a series number based on the fabric. The series one and two hence takes thin fabrics. Medium fabrics occupies second and third series. The series five is occupied by both medium and thick fabric. The series six and seven are entirely of thick fabric. The first four series have either minute reverse punch marks or just blank. The series five has minute as well as bold punch mark. The series six and seven reverse have bold punch marks.”
https://commons.wikimedia.org/wiki/File:Triratna_on_Taxila_coin_185-168_BCE_detail.jpg#/media/File:Triratna_on_Taxila_coin_185-168_BCE_detail.jpg
This is an Indus Script hypertext. ayo 'fish' rebus: aya 'iron' ayas 'alloy metal' (Rigveda) khambhaṛā 'fish-fin' Rebus: kammaṭi a coiner (Ka.); kampaṭṭam coinage, coin, mint (Ta.) kammaṭa = mint, gold furnace (Te.) kamaṭa = portable furnace for melting precious metals (Telugu) PLUS gōṭā m A roundish stone or pebble. 2 A marble (of stone, lac, wood &c.) 2 A marble. 3 A large lifting stone Rebus: khoTa 'ingot' PLUS dula 'two' rebus: dul 'metal casting' PLUS dala 'petal' Rebus: ḍhāḷako = a large ingot (G.) ḍhāḷakī = a metal heated and poured into a mould; a solid piece of metal; an ingot (G.)
When śrivatsa (child of Lakshmi, wealth) hypertext is ligatured to a mountain-range, the reading is a semantic determinative: dhanga 'mountain range' Rebus: dhangar 'blacksmith' at work in an ancient mint, as in Takshasila. Such a hypertext occurs together with another hieroglyph: sattva 'svastika' rebus: jasta 'zinc' -- an important mineral additive to copper, to create alloys of brass -- implements, pots and pans, for which Bhāratam of ancient times was world-renowned.
Taxila (local coinage). Circa 185-168 BC. A Karshapana (24mm, 9.42 g, 4h). Plant and hill with hollow cross and standard Rev Srivatsa and hill above Nandipada and SwastikaHoard of mostly Maurya Empire coins. “Coins provide not only evidence of art and economy, but also a wisdom for understanding the history and politics of a nation. As a means of communication, they speak to the political and religious ideologies that underpinned a ruler's or state's claim to power. Coinage of India, issued by Imperial dynasties and Middle kingdoms began anywhere between 6th century BCE to 1st millennium BCE, and consisted mainly of copper and silver coins in its initial stage.[1] Scholars remain divided over the origins of Indian coinage. Cowry shells was first used in India as commodity money.[3] In recent discoveries punched mark 'Mudras' (Coins) of stone have been found in lost city of Dwaraka, which is said to be existed at least 5,000 years ago.” https://en.wikipedia.org/wiki/Coinage_of_India
Taxila coin with wheel and Buddhist symbols. Wheel/pacaladamma type. Wheel; above, crescent above triple-arched hill / Swastika flanked by nandipadas; Kharosthi legend below. 185-168 BCE
Silver coin of a "King Vrishni" of the Audumbaras.Alexander Cunningham's Coins of Ancient India: From the Earliest Times Down to the Seventh Century (1891) p.70
For a decipherment of hypertexts on this Vrishni coin, in Indus Script tradition, see:
Mirror: http://tinyurl.com/hk887gf
Read on...https://www.academia.edu/30988743/Monetisation_of_Hindu_R%C4%81%E1%B9%A3%E1%B9%ADram_from_Vedic_times
Mirror: http://tinyurl.com/zztyzkfS. Kalyanaraman
Sarasvati Research Center
January 19, 2017