Resources for collectors - 2nd issue large Magadha karshapanas (ca.470-445 BC)

This page is meant as a resource for collectors, illustrating and discussing 2nd issue Karshapanas from the ancient Kingdom of Magadha in India. The coins pictured on this particular page are not for sale.

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 Index | Series 1 karshapanas (ca.550-470 BC) | Series 2 karshapanas (ca.470-445 BC)

The coins:

The 2nd series karshapanas very few in number, and are not well-understood - out of all the seven Magadha/Maurya series this one is the most enigmatic one. These coins are still large, though usually slightly smaller than the 1st issue karshapanas. Only 25 types of these coins were published in Gupta/Hardaker (though more types exist)- a much smaller issue than series I coins (of which close to 300 types are known). All coins of this type are rare to very rare, and are usually more difficult to find than issue I coins.

These coins are usually regarded as a transitional issue between issue I and issue III coins, and are usually dated to between ca.470 and 445 BC, i.e. between the later part of the reign of Ajatashatru and the reign of his successor Uddayina (461-445 BC). This attribution is somewhat tentative - it is likely that the period in which these coins were struck was actually shorter. What is so fascinating about them is that their reverses are virtually always overstruck by series III (and some series IV) coins - examples that were not overstruck survive in very small numbers, thus the rarity of these coins. Now, chronologically, it means that the series II coins could not have followed series I coins directly, since series I coins are never found overstruck - it seems that series II coins circulated right after 470 BC in a relatively small region of the Magadhan Empire, but since no hoards of series II coins was ever discovered, this explanation is tentative and requires proof.

These coins often exhibit many bankers' marks, which are sometimes so numerous they practically obliterate the punchmarks, making the attribution of these coins difficult. Coins showing clear symbols and that are not restruck by later issues are very rare. The retail price of these coins is about the same as for 1st issue coins, or slightly higher, ranging in price between 100 and 200$.

Catalogue:

Gupta and Hadraker catalogue number Picture symbols Notes
Overstruck

G/H #265/305

series II I A 3

265305.jpg (33658 bytes)

overstruck with

Five various punchmarks (Gupta/Hardaker series III IV A 1, #305) overstruck on / Five various punchmarks (Gupta/Hardaker series II I A 3, #265). Large silver planchet, a beautiful coin. 23mm, 3.0 grams. (Source: ACC)
Overstruck

G/H #267/305

series II II A 2

overstruck with

Five various punchmarks (Gupta/Hardaker series III IV A 1, #305) overstruck on / Five various punchmarks (Gupta/Hardaker series II II A 2, #267). Extremely rare second issue coin! Large silver planchet, a beautiful coin. 22x19mm, 3.3 grams. (Source: ACC)
Overstruck

G/H #269/305

series II III B 3

269305.jpg (21909 bytes)

overstruck with

Five various punchmarks (Gupta/Hardaker series III IV A 1, #305) / Five various punchmarks (Gupta/Hardaker series II III B 3, #265). Large silver planchet, a beautiful coin. 28x17mm, 3.05 grams.(Source: ACC)

G/H #270

series II IV  A 2

270.jpg (22512 bytes) 21x19mm, 3.1 grams. Gupta and Hadraker II IV A 2 (#270).

Fasinating coin, found in a hoard of late Mauryan silver. Unlike most 2nd issue coins, this one survived in circulation for well over 200 years (that also explains the harsh wear on this coin) - the miniature marks on reverse date to the times of Ashoka (272-232 BC) and later. The coin was countermarked 200++ years after it was manufactured... This is the only Magadhan karshapan I've encountered that was countermarked in the late Mauryan period. Neat coin, of numismatic interest!. (Source: ACC)
Unpublished

G/H #278/279 var.

series II VIII  B 1

19x19mm, 3.4 grams. Unpublished with the elephant as the fifth punch - if it was listed in Gupta/Hardaker, it would have fit right between 278/279 and would have carried a type number II VIII B 1. (Source: ACC)
Unpublished

G/H #278/279 var.

series II VIII  B 1

25x20mm, 3.6 grams. This coin is unpublished in Gupta/Hardaker or Rajgor, but (if it was published there) it would fit very snugly into series II VIII B  - it would have number II VIII B 1, catalogue number between 278 and 279. (Source: ACC)
G/H #279

 series II VIII B 2

One of the less rare series II types

23x18mm, 3.5 grams. (Source: ACC)

More examples:

25x14mm, 3.6 grams. (Source: ACC)
Overstruck

G/H #280/306

series II IX A 1

overstruck with

Five various punchmarks (Gupta/Hardaker series III IV A 2, #306) / Five various punchmarks (Gupta/Hardaker series II IX A 1, #280). Large silver planchet, a beautiful coin. 20x19mm, 3.2 grams.(Source: ACC)
G/H #281 series II IX A 2 Extremely rare type. 24x20mm, 3.4 grams. (Source: ACC)
Overstruck

G/H #282/319

series II IX A 3

overstruck with

Five various punchmarks (Gupta/Hardaker series III X A 1, #319) / Five various punchmarks (Gupta/Hardaker series II X A 1, #282). Large silver planchet, a beautiful coin. 20x17mm, 3.2 grams.

This coin is a second series coin, the reverse of which was (at a later date) overstruck with the 5 symbols from the 3rd series. Both sides are attributable and clear, which is unusual for these. (Source: ACC)
Overstruck

G/H #283/353

series II X A 1

283353.jpg (26349 bytes)

overstruck with

Five various punchmarks (Gupta/Hardaker series IV VII A 4, #353) / Five various punchmarks (Gupta/Hardaker series II X A 1, #282). Large silver planchet, a beautiful coin. 25x19mm, 3.14 grams.

This coin is a second series coin, the reverse of which was (at a later date) overstruck with the 5 symbols from the 4th series. Such coins are extremely rare. (Source: ACC)
Overstruck

G/H #285/291

series II XII A 1

overstruck with

Five various punchmarks (Gupta/Hardaker series II XII A 1, #285) / Five various punchmarks (Gupta/Hardaker series III I A 1, #291). Large silver planchet, a beautiful coin. 20x21mm, 3.1 grams.  (Source: ACC)
Overstruck

G/H #285/302

series II XII A 1

overstruck with

Five various punchmarks (Gupta/Hardaker series III III A 1, #302) / Five various punchmarks (Gupta/Hardaker series II XII A 1, #285). Large silver planchet, a beautiful coin. 21x15mm, 3.2 grams.

This coin is a second series coin, the reverse of which was (at a later date) overstruck with the 5 symbols from the 3rd series. Both sides are attributable and clear, which is unusual for these. (Source: ACC)
Overstruck

G/H #285/306

series II XII A 1

overstruck with

Five various punchmarks (Gupta/Hardaker series III IV A 2, #306) / Five various punchmarks (Gupta/Hardaker series II XII A 1, #285). 20x19mm, 3.1 grams.

This coin is a second series coin, the reverse of which was (at a later date) overstruck with the 5 symbols from the 3rd series. Both sides are attributable and clear, which is unusual for these. (Source: ACC)
G/H #286

series II XIII A 2

One of the less rare series II types

21x17mm, 3.3 grams. (Source: ACC)

More examples:

21x19mm, 3.4 grams. (Source: ACC)
Unpublished

G/H #287/288

series II XIVb A 1

Example 1

Example 2

The second symbol is only partially seen. These coins are unpublished in Gupta/Hardaker or Rajgor, and are extremely rare. If it was published in the Gupta/Hardaker catalogue, it would fit very snugly right between series II XIII/XIV.

The symbol #3 (see symbols to the left) is a new one, related to symbols #309 and #310. Because symbol #2 is unlisted as well, this coin would probably deserve a new series of its' own. The 4th symbol is unknown and/or misdescribed in Gupta/Hardaker (see: corrections Gupta/Hardaker, main page)

Example 1: 21x16.5mm, 3.5 grams. (Source: ACC)

Example 2: 22x16.5mm, 3.6 grams. (Source: ACC)

G/H #289

series II XV A 2

One of the less rare series II types

23x20mm, 3.25 grams. (Source: ACC)

More examples:

25x17mm, 3.4 grams. (Source: ACC)
Overstruck

G/H #289/unpublished

series II XV A 2

overstruck with

Five various punchmarks (Gupta/Hardaker series III IX A 4, unpublished in Gupta/Hardaker) / Five various punchmarks (Gupta/Hardaker series II XV A 2, #289). 20mm, 3.4 grams. (Source: ACC)
Overstruck

G/H #289/313

series II XV A 2

overstruck with

Five various punchmarks (Gupta/Hardaker series III V A 81, #313) / Five various punchmarks (Gupta/Hardaker series II XV A 2, #289). Large silver planchet, a beautiful coin. 20mm, 3.3 grams. (Source: ACC)
Overstruck

G/H #290/305

series II XV A 3

overstruck with

Five various punchmarks (Gupta/Hardaker series III IV A 1, #305) / Five various punchmarks (Gupta/Hardaker series II XV A 3, #290). Large silver planchet, a beautiful coin. 22x21mm, 3.1 grams.  (Source: ACC)

 Index | Series 1 karshapanas (ca.550-470 BC) | Series 2 karshapanas (ca.470-445 BC)

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