The collecting of international numismatic items (coins, currency and exonumia) can be a fun and interesting hobby. Anyone with a desire to learn of the history of civilizations and countries can learn what was considered to be so important that their money proudly displayed it. Others wish to learn or teach finer details of unique coins. Education and the sharing of knowledge is a primary focus of NI, with the scholarly NI Bulletin, the library and the publications. In addition, the semi-annual Bid Sale allows members to acquire items of interest or to sell excess numismatic items. This is done in a spirit of friendship with members who have similar interests.
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Numismatics International’s Coin Spotlight:
British India - Madras Presidency 1/48th Rupee - 1794
Matthew Boulton was contracted to strike these for the East India Company in July of 1794 at his fully steam driven mint in Soho. Boulton thought the ideal coin would have wide raised rims with incused lettering, devices, and a lettered edge. This would discourage counterfeiting and produce a coin with long lasting qualities. While he was experimenting with a gold coin (?) his first product with this concept was his English Trade (Conder) token for Daniel Eccleston. In this design, by engraver Noel-Alexandre Ponthon, he went a bit further and had the obverse legend partly incuse and partly in relief making for a unique and beautiful coin. This 'cartwheel' concept was later (1797) adopted for the famous, and official, British one & two pence of George III.
Boulton reserved most of the rest of 1794 to producing the 1/48 Rupee and the smaller 1/96 Rupee. These odd denominations were an attempt to make these coins fit into an assortment of local coinage mediums at that time. In all 4,616,129 of the larger denomination (34 to the pound) and 9,102,868 of the smaller (68 to the pound) were minted for 1794. Another, slightly larger, issue of this design was made for 1797.
Despite the mintage figures these coins are scarce in nice condition and very scarce in this NGC Proof 64 virtually blemish free encapsulation. This coin appears bronzed with a darker tone with obvious proof surfaces, much better that the photo! Obverse incuse legend is "AUSPICIO REGIS ET SENATUS ANGLIAE" which translates from the Latin as "Under the Auspices of the King and Senate of England." The edge lettering (incuse) is "ENGLISH UNITED EAST INDIA COMPANY."
The NI Bulletin:
The January/February 2017 edition of the NI Bulletin is now available on this website for members to download. Included in the January/February NI Bulletin are:
- The National Synod of Dordrecht - 1619
- Rare Mints: A Coin of Borgotaro
- Selections from the AMP Collection of Roman Numismatic Portraiture
- RA Countermarks of The Galapagos Islands, Part I-Punch Types and Varieties
If you are not an Numismatics International member, and you wish to view a sample of the NI Bulletin, please visit the "NI Bulletin Sample" page on this website.