first dynasty to issue gold coins in india
The Gupta Empire
title: Coinage metals text: BC. Ancient India in circa 6th century BC, was one of the earliest issuers of coins in the world. Since that time, coins have been the most universal embodiment of money. These first coins were made of electrum, a naturally occurring pale yellow mixture of gold and silver that was further alloyed with silver and copper. However, the Persian daric was the first gold coin which, along with a similar silver coin, the siglos, (From Ancient Greek σίγλος, Hebrew שֶׁקֶל (shékel))represented the bimetallic monetary standard of the Achaemenid Persian Empire which has continued till today.Also, the Persian coins were very title: Coinage of India text: Coinage of India Coinage of India, issued by imperial dynasties and middle kingdoms, began anywhere between the 1st millennium BCE to the 6th century BCE, and consisted mainly of copper and silver coins in its initial stage. Scholars remain divided over the origins of Indian coinage. Cowry shells was first used in India as commodity money. The Indus Valley Civilization dates back between 2500 BCE and 1750 BCE. What is known, however, is that metal currency was minted in India well before the Mauryan Empire (322–185 BCE), and as radio carbon dating indicates, before the 5th century BCE. The practice title: Vima Kadphises text: Vima Kadphises Vima Kadphises (Kushan language: "Οοημο Καδφισης", Early Middle Chinese: 阎膏珍 pron. jiam-kaw-trin) was a Kushan emperor from approximately 90–100 CE. According to the Rabatak inscription, he was the son of Vima Takto and the father of Kanishka. Emperor Vima Kadphises expanded the Kushan territory in Afghanistan, Pakistan, and north-west India, where he may have replaced the Indo-Scythian ruler Sodasa in Mathura. He was the Kushan emperor to first introduce gold coinage, in addition to the existing copper and silver coinage. Most of the gold seems to have been obtained through trade with the Roman Empire. The gold weight title: History of measurement systems in India text: his "Tahriq-e-Hind", also reflect on the regular usage of the steelyard in India. The Chinese merchant Ma Huan (1413–51) outlines the standardised weight and currency system in place at the port city of Cochin. Ma Huan noted that gold coins, known as "fanam", or locally known as "panam", were issued in Cochin and weighed a total of one "fen" and one "li" according to the Chinese standards. They were of fine quality and could be exchanged in China for 15 silver coins of four-"li" weight each. The Mughal empire (1526–1857) undertook central agrarian reforms, under which statistical data was compiled title: Coinage of India text: value differential would have incentivised the exchange of gold for silver, resulting in an increasing supply of silver in India. India developed some of the world's first coins, but scholars debate exactly which coin was first and when. Sometime around 600BC in the lower Ganges valley in eastern India a coin called a punchmarked Karshapana was created. According to Hardaker, T.R. the origin of Indian coins can be placed at 575 BCE and according to Gupta in the seventh century BCE. Punch-marked coins were a type of early Coinage of India, dating to between about the 6th and 2nd centuries