1/2 Karshapana

Bhagila, identified with the ancient site of Baijanath in the upper Beas valley, was among the small autonomous city-states that briefly issued their own coinage in the northwestern Indian subcontinent during the period when Indo-Greek political control was fragmenting. These civic bronze issues occupy an understudied corner of South Asian numismatics — their attribution to specific cities was largely worked out through comparison of symbols and punch sequences over the latter half of the twentieth century.