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Taxila Silver Punch-Marked Coin

Issuer Ujjain region
Year
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Shape Rectangular (irregular)
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Obverse description Obverse displays multiple punch-marked symbols applied to a flat, irregularly shaped silver flan. Visible punches include a stylized elephant motif and additional geometric or symbolic devices characteristic of the Ujjain regional coinage tradition. The symbols are struck in intaglio, distributed across the field without a fixed compositional arrangement. The surface shows the typical uneven texture of hand-cut and hammered ancient Indian punch-marked coinage. No legend or inscription is present.
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Additional information

Punch-marked coinage from the Ujjain region represents one of the oldest monetary traditions in the subcontinent, with production likely spanning from the 5th century BCE well into the Mauryan period. Ujjain itself was a major commercial hub on the overland routes connecting the Gangetic plain to the western ports, and coins of this type almost certainly passed through those trade networks rather than serving purely local exchange.

The attribution to Taxila in the name reflects where many examples were excavated, not where they were struck — a distinction that continues to generate debate among South Asian numismatists.