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Auction: 24005 - The Official Coinex Auction of Ancient, British and World Coins
Lot: 642

NGC AU | India, East India Company, Bombay Presidency (1693-1694), Rupee, Bombay mint, in the name of King William and Queen Mary (1689-1694), regnal year 5 (issued 13 Feb. 1693-12 Feb. 1694), Persian inscriptions "Coin struck during the reign of King William and Queen Mary," rev. "struck at Bombay in auspicious 5th regnal year of the English rulers" (Pr. 27; Stevens 1.26; KM 148.2), small die crack and removed from a mount, otherwise with some toning, very fine, in NGC holder, graded AU Details ~ Mount Removed (Cert. #6321149-003)

Provenance

Spink, Auction 22110, 24 August 2022, lot 781



The East India Company decided to issue their own coinage from their new territory of Bombay in 1672. However, they soon discovered that only base metal coins of European appearance were accepted in trade. Silver and gold coins were circulated from the Mughal mints. Therefore it was decided to strike some Rupees in the Indian style, and these appeared in the late 17th century in the names of James II and William & Mary. They are very rare, as it proved to be a short-lived enterprise that the Emperor Aurangzeb soon terminated.


https://www.ngccoin.com/certlookup/6321149-003/NGCDetails/

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Estimate
£3,000 to £4,000

Starting price
£2500