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1⁄48 Rupee, Dub

Issuer East India Company
Year 1794
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Value 1⁄48 Rupee
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Obverse description The central field displays the armorial bearings of the United East India Company: a quartered shield supported by two rampant lions, each holding a flagstaff bearing a banner, with a lion passant guardant as crest atop a globe. A ribbon scroll beneath the shield bears the legend UNITED EAST INDIA COMPANY, and the large numeral 48 appears prominently below in the lower field. The outer legend reads AUSPICIO REGIS ET SENATUS ANGLIAE around the upper arc, with 48 TO ONE RUPEE completing the circuit along the lower arc, all within a raised border.
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Reverse script Latin
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Additional information

The East India Company's Madras Presidency issues of the 1790s were minted under Matthew Boulton's Soho Mint contract, which fundamentally changed the mechanical precision of Company coinage at a moment when the Presidency was consolidating administrative control over southern India. The Dub — a denomination rooted in local monetary custom rather than imported British accounting — was retained precisely because bazaar transactions in the region depended on familiar fractional units that European denominations could not displace.

Pridmore lists two varieties for this date, distinguished by die differences in the exergue treatment.

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