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| Article Name : | | | ANCIENT INDIAN COINS | | Author Name : | | | Surekha N. Battul | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-5424 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | The most important featureof the economic development during this period was the use of coin as common currency. The system of barter,in vogue during period,was gradually replaced by exchange in precious metals. Herodotu’s statement that the Persian satrapy in india paid360 talents of gold as annual tribute shows that even in the 6th century B.C. dust as annual tribute shows that even in the 6th century B.C. dust or ingots of gold and silver served as currency. But about the same time,or at least not long afterwards,we find the use of actual coins i.e. a piece of metal of regular shape,whose weight and fitness were guaranteed by a recognized authority. | | Keywords : | | |
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