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1/2 Karshapana - Rano Siri Satakarni

Issuer City of Nasik (Satavahana Empire)
Year 200 BC - 1 BC
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Technique Hammered
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Reverse description A tree-in-railing symbol, one of the most emblematic devices of early Indian coinage, depicted within a partial circular border and accompanied by a local dynastic or civic symbol. The tree, shown frontally with stylized branches, rises from a rectangular railing rendered with horizontal registers. Additional subsidiary symbols, likely auspicious or regional marks, appear in the field around the central device, consistent with Satavahana punch-marked coin conventions.
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Mintage ND (200 BC - 1 BC)
Additional information

The Satavahana dynasty's use of city-specific issuing authorities — rather than centralised imperial mints — produced a patchwork of regional coinage that modern scholars still struggle to sequence with confidence. Nasik, controlling the Deccan trade routes through the Western Ghats, was commercially significant enough to warrant its own issues. Rano Siri Satakarni is tentatively identified among the early Satavahana rulers, though the dynasty's king-list remains contested, with several rulers sharing near-identical names across different regnal sequences.

The punch-marked and cast traditions overlapped awkwardly during this period in the Deccan.

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