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Indus script hieroglyphs: continued use in ancient Indian mints evidenced by punch-marked coins

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Indus script hieroglyphs: continued use in ancient Indian mints evidenced by punch-marked coins

Continued use of Indus script hieroglyphs on punch-marked coins is a convincing evidence that Indus script hieroglyphs were related to metalwork since the punch-marked coins produced by ancient mints were a continuum in the metalwork tradition of ancient India.

The survival of Indus script hieroglyphs is demonstrated in many symbols on early punch-marked coins. 

That the hieroglyphs are related to the work in mints indicate that the function and meanings of the hieroglyphs are linked with early metallurgy and invention of alloys.

In his 1890 monograph, Theobald lists 312 'symbols' deployed on punch-marked coins. He revises the list to 342 symbols in his 1901 monograph. It should be noted that many of the symbols recorded on punch-marked coins also survive on later coinages, in particular of Ujjain and Eran and on many cast coins of janapadas. DR Bhandarkar’s view is that the early punch-marked coinage in Hindustan is datable to 10th century BCE though the numismatists claim that the earliest coinage is that of Lydia of 7th century BCE.

“The coins to which these notes refer, though presenting neither king’s names, dates of inscription of any sort, are nevertheless very interesting not only from their being the earliest money coined in India, and of a purely indigenous character, but from their being stamped with a number of symbols, some of which we can, with the utmost confidence, declare to have originated in distant lands and in the remotest antiquity…The coins to which I shall confine my remarks are those to which the term ‘punch-marked’ properly applies. The ‘punch’ used to produce these coins differed from the ordinary dies which subsequently came into use, in that they covered only a portion of the surface of the coin or ‘blank’, and impressed only one, of the many symbols usually seen on their pieces…One thing which is specially striking about most of the symb ols representing animals is, the fidelity and spirit with which certain portions of it may be of an animal, or certain attitudes are represented…Man, Woman, the Elephant, Bull, Dog, Rhinoceros, Goat, Hare, Peacock, Turtle, Snake, Fish, Frog, are all recognizable at a glance…First, there is the historical record of Quintus Curtius, who describes the Raja of Taxila (the modern Shahdheri, 20miles north-west from Rawal Pindi) as offering Alexander 80 talents of coined silver (‘signati argenti’). Now what other, except these punch-marked coins could these pieces of coined silver have been? Again, the name by which these coins are spoken of in the Buddhist sutras, about 200 BCE was ‘purana’, which simply signies ‘old’, whence the General argunes that the word ‘old as applied to the indigenous ‘karsha’, was used to distinguish it from the new and more recent issues of the Greeks. Then again a mere comparison of the two classes of coins almost itself suffices to refute the idea of the Indian coins being derived from the Greek. The Greek coins present us with a portrait of the king, with his name and titles in two languages together with a great number and variety of monograms indicating, in many instances where they have been deciphered by the ingenuity and perseverance of General Cunningham and others, the names of the mint cities where the coins were struck, and it is our ignorance of the geographical names of the period that probably has prevented the whole of them receiving their proper attribution; but with the indigenous coins it is far otherwise, as they display neither king’s head, neame, titles or mongrams of any description…It is true that General Cunningham considers that many of these symbols, though not monograms in a strict sense, are nevertheless marks which indicate the mints where the coins were struck or the tribes among whom they were current, and this contention in no wise invalidates the supposition contended for by me either that the majority of them possess an esoteric meaning or have originated in other lands at a period anterior to their adoption for the purpose they fulfil on the coins in Hindustan.” (W. Theobald, 1890, Notes on some of the symbols found on the punch-marked coins of Hindustan, and on their relationship to the archaic symbolism of other races and distant lands, Journal of the Asiatic Society of Bengal, Bombay Branch (JASB), Part 1. History , Literature etc., Nos. III & IV, 1890, pp. 181 to 184)



W. Theobald, 1890, Notes on some of the symbols found on the punch-marked coins of Hindustan, and on their relationship to the archaic symbolism of other races and distant lands, Journal of the Asiatic Society of Bengal, Bombay Branch (JASB), Part 1. History , Literature etc., Nos. III & IV, 1890, pp. 181 to 268, Plates VIII to XI

W. Theobald, 1901, A revision of the symbols on the ‘Karshapana’ Coinage, described in Vol. LIX, JASB, 1890, Part I, No. 3, and Descriptions of many additional symbols, Journal of the Asiatic Society of Bengal, Bombay Branch (JASB), No. 2, 1901 (Read December, 1899).

Plates VIII to XI of Theobald, 1890 listing symbols on punch-marked coins...


The 'symbols' which are a continuum from Indus script hieroglyphs all of which relate to metalwork are:




















Meluhha glosses read rebus related to metalwork for these Indus script hieroglyphs are detailed in the book, Indus Script -- Meluhha metalwork hieroglyphs (2014).

S. Kalyanaraman
Sarasvati Research Center
October 14, 2014

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