Mauryan Art - Coins

Coins

The coins issued by the Mauryans are mostly silver and a few copper pieces of metal in various shapes, sizes and weights and which have one or more symbols punched on them. The most common symbols are the elephant, the tree in railing symbol and the mountain. The technique of producing such coins was generally that the metal was cut first and then the device was punched. These symbols are said to have either represented the Royal insignia or the symbol of the local guild that struck the coin. Some coins had Shroff (money changer) marks on them indicating that older coins were often re-issued. The alloy content closely resembles that specified in the Arthashastra. Based on his identification of the symbols on the punch-marked coins with certain Mauryan rulers, Kosambi argued that the Mauryan punch-marked karshapana after Chandragupta has the same weight as its predecessor, but much more copper, cruder fabric, and such a large variation in weight that the manufacture must have been hasty. This evidence of stress and unsatisfied currency demand is accompanied by debasement (inflation) plus vanishing of the reverse marks which denoted the ancient trade guilds. This in his opinion indicated that there was a fiscal crisis in the later Mauryan period. However his method of analysis and the chronological identification has been questioned.