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East India CO 1/4 Anna?

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bostickml's Avatar
United States
1 Posts
 Posted 04/30/2009  03:19 am Show Profile   Bookmark this topic Add bostickml to your friends list Get a Link to this Message Number of Subscribers
I am new to the forum, and I must say it is a wealth of information and I am glad to now be a member. I just purchased a coin on ebay and I am not really sure what it is worth, graded at or even its significance. I enjoy buying random old coins because I enjoy wondering where they have been and what they were used for throughout their lifetimes. If you know anything about this coin, please share with me.

Thanks in advance!
Mike

East-India-CO-1/4-Anna?

East-India-CO-1/4-Anna?
Edited by bostickml
04/30/2009 03:21 am
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wd1040's Avatar
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3098 Posts
 Posted 04/30/2009  03:26 am  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
Right, it's really late, but probably as you can tell, this was issued by the British East India Co in order to trade with India and... well eventually take over the entire country.

Wait til tomorrow. Pros here will give you more info.
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Archraz's Avatar
United States
3499 Posts
 Posted 05/02/2009  7:36 pm  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
Well, I shall snap into action since the Company is a major interest of mine. Your coin is in fact a 1/4 Anna that was minted by the East India Company in Calcutta (Though It is hard to tell due to the amount of wear, but far more with the small "one quarter anna" on the reverse were minted in Calcutta than in Madras). From the last years of the 18th century until 1835 the Company issued coins that were very much in the style of coins of India during this time. From 1835 until the Company's abolition in 1858 the Company was authorized to make coins depicting the its coat of arms.
The Denomination of your coin is based upon the Indian system of 1 Rupee = 16 Annas = 64 Paise (1/4 annas) = 192 Pies (1/2 Annas).

wd1040- yep, trading with India (and allying themselves with powerful banker-merchants) was the first step towards taking over India prior to 1765. But they never did take over the whole country, rather they just took over major parts of it and made other parts "princely states," which were little more than puppet governments with an Indian ruler on the throne who was in cahoots with the British.
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