1⁄48 Rupee, Dub

The 1797 Madras Presidency copper dub sits at an odd intersection of colonial monetary pragmatism and local South Indian convention. The East India Company inherited a fragmented coinage system across its Indian territories and repeatedly struggled to impose standardization — the tiny 1/48 rupee denomination survived precisely because local bazaar trade demanded it, regardless of what the Company's accountants preferred.

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