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India's First Coin - Gandhara AR "Bent Bar" Shatamana

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Finn235's Avatar
United States
6130 Posts
 Posted 08/16/2017  10:35 am Show Profile   Bookmark this topic Add Finn235 to your friends list Get a Link to this Message Number of Subscribers
India, Gandhara
AR Shatamana bent bar
"Long Medium" type 38x6mm, 11.49g
c. 600-450 BC

Obv: Two "flower" punches, various banker's marks between
Rev: Blank

India's-First-Coin---Gandhara-AR-

To give the full 3D effect:

India's-First-Coin---Gandhara-AR-
India's-First-Coin---Gandhara-AR-

This is one of the most important coins of my Indian collection, because this is the fist Indian coin! Minted in what now stretches from Afghanistan, through Pakistan, and into NW India, their appearance either coincides or even predates the invasion of the Achaemenid empire under Cyrus the Great.

Their fabric and manufacture is certainly unique to ancient numismatics, but speaking strictly in terms of weight standards, the Shatamana was equal to two Persian Sigloi. Experts are deeply divided over interpretations of this fact--some dismiss it as pure coincidence, while others maintain that the sigloi reached Gandhara ahead of the Persian armies, or even that the coins were never minted before Persian occupation. Regardless, Gandhara was a satrapy of the Achaemenid empire until Alexander's campaigns in 327 BC. They might have been made for a short time after he pulled his troops back, but their manufacture ceased when the region came under Maurya control.

In terms of dating, the general consensus is that the long thin bars were the first to be produced (5mm wide), followed by these medium types. Over time the bars became shorter and fatter, and the quality of the silver dropped significantly.

The Gandhara currency system was comprised of:

1. Shatamana bars (less common)
2. Round 1/2 shatamana (rare)
3. Round 1/4 shatamana (scarce)
4. Round 1/8 Shatamana (common)
5. Round 1/16 shatamana (scarce)
6. Round 1/32 shatamana (rare)

Some nice reading on the type:
http://www.ancientcoins.ca/gandhara/gandhara.htm
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 08/16/2017  10:49 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
Congrats, the only criticism is it won't go in a 2x2. An interesting variant to be sure.
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Finn235's Avatar
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6130 Posts
 Posted 08/16/2017  11:01 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Yeah, I was a bit disappointed by that fact too. I had never seen a picture of these coins taken from the side, so I figured they would be a *little* curved and might at least fit in a flip. Tried to get it in one just to see if I could, and it literally popped back out like squeezing a bar of soap!
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Spence's Avatar
United States
34423 Posts
 Posted 08/16/2017  11:13 am  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
Great pick-up!
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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antwerpen2306's Avatar
Belgium
1194 Posts
 Posted 08/16/2017  11:37 am  Show Profile   Bookmark this reply Add antwerpen2306 to your friends list Get a Link to this Reply
never seen it , so we learn every day . Thanks and congrat for such a beautiful bar coin .If you have a problem to store it , I will do it for you. albert
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echizento's Avatar
United States
23731 Posts
 Posted 08/16/2017  2:36 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Congrats on an excellent coin. One one these is on my list but I haven't sprung for it yet.
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Kamnaskires's Avatar
United States
7066 Posts
 Posted 08/16/2017  8:38 pm  Show Profile   Bookmark this reply Add Kamnaskires to your friends list Get a Link to this Reply
I've liked this type for years. Excellent example.
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Finn235's Avatar
United States
6130 Posts
 Posted 08/17/2017  3:00 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Thanks all!

@Ron, I actually saw a small surge of these coins online recently, so now might be the time to spring for one before they become scarce again. I won this example for about $60, and lost on a more archaic thin type for $90. Compare to typical prices of $120-200!

Going back to the origins, another interesting theory I have heard thrown out there is that these coins may be the progenitor of the Rupee as it existed from the late middle ages until 1939/1945. The basis of that being that apparently in Mauryan-era texts, punchmarked coins are referred to as "rupya", meaning roughly "wrought silver". Interesting theory at least!
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echizento's Avatar
United States
23731 Posts
 Posted 08/17/2017  3:10 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Thanks Steve, but I have to put this on hold until I complete some other types I'm working on. I want at least one of these and a lifetime issues from the Buddha's homeland.
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