British India Coinage
The British East India Company established its initial settlement in Surat in 1612, and started minting coins from the mid 17th century. The early European style coins were not popular outside their jurisdiction. So in spite of having their own mints, the Company either sent its bullion to the Mughal mints or forged the common coins of the contemporary Mughal Emperor. In 1717 the British obtained the right to strike their own rupees in the name of the Mughal emperor Farrukhsiyar in the island of Bombay.
Read more about British India Coinage: East India Company: Presidency Issues, Imperial Coinage
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