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Karshapana Punchmarked

Issuer Eran-Vidisha region
Year 200 BC - 100 BC
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Technique Punchmarked
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Obverse description Obverse bearing multiple punchmarked symbols applied to an irregular square flan, including a probable elephant figure, a railed Indradhvaja (sacred post with crossbars) positioned centrally, a taurine symbol, and a six-armed geometric symbol. The devices are distributed across the field in the characteristic punchmarked technique, each symbol impressed individually into the copper surface. The overall surface exhibits the rough, uneven texture typical of cast or cut copper blanks from the Eran-Vidisha regional issue of the late Mauryan and post-Mauryan period.
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Edge Plain
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Additional information

Eran and Vidisha were among the most commercially active towns of central India during the late Mauryan and post-Mauryan period, sitting along trade routes connecting the Gangetic plain to the western ports. Punchmarked coppers from this region circulated alongside silver karshapanas of imperial issue but served a distinctly local exchange function — smaller transactions, market tolls, and the kind of daily commerce that imperial silver rarely touched.

The symbols punched onto regional coppers like this one have resisted full decipherment; some are likely guild or merchant marks rather than royal authority stamps.