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East India Company : Bombay Presidency

Currency:INR Category:Coins & Paper Money Start Price:300,000.00 INR Estimated At:300,000.00 - 400,000.00 INR
East India Company : Bombay Presidency
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Mumbai, Fractional Gold, 1/3 ? Mohur, 3.81g, “Malabar Coast” issue, in the name of Alamgir II (Posthumous), RY 9. (Not listed in Pridmore or other major Publication). Extremely fine, exceedingly rare.
The weight of the coin suggests that it was a 1/3rd Mohur or 5 rupees, hence the name ‘Panchia’. But in the South, the weight corresponded closely also to a Pagoda or Hoan, and thus the denomination can be used as ‘bridging’ for the two currency systems.