1 Cash - Frederik III

The Danish East India Company's Tranquebar settlement on the Coromandel Coast used lead cash specifically because copper was scarce locally and the denomination was too small to justify importing metal from Europe. These circulated almost exclusively within the trading post itself, functioning as a kind of internal scrip rather than currency with any broader regional acceptance. Frederik III's reign saw the Company in persistent financial difficulty, relying heavily on royal bailouts.

Lead corrodes aggressively in tropical humidity, which explains why survivors in any coherent state are genuinely uncommon despite a long issue window.