1835 & 1840 East India Company Royal Portrait Silver Rupee Set
- Category: Coins, Jewellery & Watches, Leigh, Not Specified
Item Location
This item is available for Collection or Delivery from:
Cash Generator Leigh, 59 Bradshawgate, Leigh, WN7 4NB
Email: leigh@cashgenerator.co.uk
Telephone: 01942410620
Item Condition
Condition: Pre-Owned: Grade B
1835 & 1840 East India Company Royal Portrait Silver Rupee Set is in good condition and comes boxed with the ceriticate of authenticity.
Item Description
The EIC Royal Portrait Silver Rupee Set Early in the 19th century some remarkable coins were produced. The mighty East India Company controlled all of the British interests in India and was one of the greatest trading organisations in the world. By 1803, at the height of its power, the British East India company had a private army of about 260,000 – twice the size of the British Army at the time – with sales revenues the equivalent of £1.3bn in today’s currency! It wanted to standardise the currency in order to make trade easier: for centuries India’s coinage varied from kingdom to kingdom, with many different weight standards and metal purities. The East India Company decided on the silver rupee as their standard unit of money. Initially they produced coins with traditional Indian designs, but in 1835 they received royal permission to place the monarch’s portrait on their coins. They made one issue of rupees in 1835 with the portrait of King William IV, and one further issue in 1840 this time with the portrait of the young Queen Victoria. The East India Company was nationalised in 1858 and although silver rupees continued to be issued by the government, these two dates were the VERY FIRST, and also the ONLY TWO regal issues under the authority of the East India Company.
Item Location
This item is available for Collection or Delivery from:
Cash Generator Leigh, 59 Bradshawgate, Leigh, WN7 4NB
Email: leigh@cashgenerator.co.uk
Telephone: 01942410620
Item Condition
Condition: Pre-Owned: Grade B
1835 & 1840 East India Company Royal Portrait Silver Rupee Set is in good condition and comes boxed with the ceriticate of authenticity.
Item Description
The EIC Royal Portrait Silver Rupee Set Early in the 19th century some remarkable coins were produced. The mighty East India Company controlled all of the British interests in India and was one of the greatest trading organisations in the world. By 1803, at the height of its power, the British East India company had a private army of about 260,000 – twice the size of the British Army at the time – with sales revenues the equivalent of £1.3bn in today’s currency! It wanted to standardise the currency in order to make trade easier: for centuries India’s coinage varied from kingdom to kingdom, with many different weight standards and metal purities. The East India Company decided on the silver rupee as their standard unit of money. Initially they produced coins with traditional Indian designs, but in 1835 they received royal permission to place the monarch’s portrait on their coins. They made one issue of rupees in 1835 with the portrait of King William IV, and one further issue in 1840 this time with the portrait of the young Queen Victoria. The East India Company was nationalised in 1858 and although silver rupees continued to be issued by the government, these two dates were the VERY FIRST, and also the ONLY TWO regal issues under the authority of the East India Company.
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The item has never been used and is in original packaging. Where applicable factory seal still intact.
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The item has only been unwrapped from new in-store for testing and is in perfect condition.
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Grade A - Very Good. The item will show only very slight signs of use.
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Pre-Owned
Grade A - Like New. The item looks unused and in perfect condition to the naked eye from 12 inches.
Grade B - Very Good. A well looked after item that has had limited use and remains in great condition. The item will show some light signs of wear which may include very small scratches.
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