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Karshapana - Ujjain/Avanti Region

Issuer Ujjain region
Year 200 BC - 100 BC
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Shape Round (irregular)
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Obverse description Crude hammered fabric bearing multiple punch-marked symbols typical of the Ujjain/Avanti regional coinage. The central field displays a standing human or deity figure flanked by what appear to be tree or standard symbols, all rendered in the bold, angular punch-marked style characteristic of early Indian copper issues. Additional subsidiary symbols occupy the surrounding field. The overall design is executed in the punch-marked tradition, with each element applied individually to the irregular flan.
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Mintage ND (200 BC - 100 BC)
Additional information

The Ujjain karshapana occupies a peculiar position in South Asian numismatics: the city was one of the few minting centers that continued producing punch-marked and cast copper issues well after the Mauryan imperial system had collapsed, suggesting local commercial networks remained robust enough to demand small-denomination coinage independent of any centralizing authority. Ujjain's position on the Dakshinapatha trade route made it essentially self-sustaining as a monetary zone.

Copper issues from this region are frequently found in excavations at Ujjayini itself, modern Ujjain in Madhya Pradesh, typically in market-area contexts rather than hoards.

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