1/4 Karshapana - Ujjain/Avanti Region

The Avanti janapada, with Ujjain as its capital, was one of the sixteen mahajanapadas of ancient India and maintained considerable commercial activity along inland trade routes connecting the Deccan to the Gangetic plain. Fractional copper issues from this region circulated alongside the more widely documented silver punch-marked coinage, filling the gap for low-value transactions that silver denominations couldn't efficiently serve.

Attribution of these quarter units to specific subregions within Avanti remains contested among scholars, largely because die-cutting conventions overlapped across neighboring issuing authorities in the 2nd century BC.