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2 Pice

Issuer East India Company
Year 1808-1829
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Value 2 Pice = 8 Reas = 1/2 Anna (1⁄32)
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Obverse lettering 1828 VEIC
(Translation: United East India Company)
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Reverse script Arabic
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Additional information

The East India Company's Madras Presidency coinage of this period was produced primarily at the Soho Mint in Birmingham under Matthew Boulton's operation, using steam-powered presses that were still a novelty in colonial coinage production. The Company had been issuing its own currency across its Indian territories for well over a century by this point, a commercial arrangement that persisted largely because the British Crown had little appetite for the administrative cost of formal monetary oversight in the subcontinent.

KM#200 is associated with the Madras series, where the dual-denomination pice system served trade across a presidency that stretched from the Coromandel Coast well into the interior.

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