2 Pice

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.