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.
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.