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1 Karshapana - Ujjain/Avanti Region

Issuer Ujjain region
Year 200 BC
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Composition Copper
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Reverse description The reverse displays the characteristic Ujjain symbol — a cross-shaped or wheel-like device with circular elements at each arm — commonly identified as the Ujjain/Avanti regional emblem, associated with the city of Ujjain. Additional auxiliary punch-marks or secondary symbols are present in the field. The relief is low and the surface shows the granular texture typical of cast copper issues from this region and period.
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Mintage ND (-200)
Additional information

The Ujjain karshapana series belongs to a monetary tradition that predates the Mauryan empire's standardization efforts and persisted stubbornly through and beyond them. Ujjain itself was a major commercial hub on the western trade routes into the subcontinent, and the regional punch-marked coinage circulating there reflects that mercantile independence — local issues continued even as imperial types dominated the Gangetic plain.

Copper karshapanas of this region and period are considerably less studied than their silver counterparts, and attribution to specific civic or dynastic authority remains contested among specialists.