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1/2 Karshapana - Wainganaga river region

Issuer Wai-Karhad region (Satavahana Empire)
Year 500 BC - 400 BC
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Technique Hammered
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Reverse description Reverse left entirely plain and uninscribed, confirming the uniface nature of this punch-marked issue. The surface shows the natural texture of the hammered silver flan with no applied punch-marks, devices, or legends, consistent with the standard practice for early punch-marked coinage of the Wainganaga river region.
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Edge Plain
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Additional information

The Wainganaga river region, in what is now eastern Maharashtra and western Vidarbha, sat at the edge of early punch-marked coin circulation networks spreading outward from the Gangetic heartland. Regional half-karshapana issues like this one were not imperial products — they were locally authorized fractions produced to meet small-denomination exchange needs that full karshapana weights couldn't practically serve. The Satavahana attribution for fifth-century BC issues is contested; the dynasty's confirmed rise postdates this piece by at least two centuries, making the issuing authority more accurately described as a pre-Satavahana regional authority operating within the broader janapada coinage tradition.

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