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Karshapana - Ujjain

Issuer Ujjain region
Year 200 BC
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Composition Copper
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Reverse description Plain flat field bearing a single punch-marked bale-mark device, typical of Ujjain regional copper karshapanas of this period. The reverse is otherwise unadorned, consistent with the punch-marked coinage tradition in which the reverse carries only a minimal identifying merchant or issuing authority mark.
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Edge Plain
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Additional information

Ujjain's punch-marked coinage circulated through one of the ancient world's most commercially active cities — a major node on the trade routes connecting the Gangetic plain to the western ports. The Ujjain symbol, a wheel-like motif punched into these pieces, has given specialists enough consistency to attribute regional issues with reasonable confidence, though the absence of dynastic inscriptions means exact issuing authority remains contested across the literature.

Copper karshapanas of this weight class were struck at a fraction of the silver standard, serving smaller transactions that silver could not efficiently handle.

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