India (British EIC - Bengal) 1793~ Gold Mohur KM# 113 PCGS MS62
| We Last Sold This Item For: | $2,600.00 |
|---|---|
| Last Sold On: | 21/4/2024 |
| # Sold In Past 12 Months: | 1 |
India (British EIC - Bengal) 1793~ Gold Mohur KM# 113 PCGS MS62
Obverse: Persian script in three lines - "Defender of the religion of Muhammad. Shah Alam. Emperor. Shadow of the divine favour, put his stamp on the seven climes."
Reverse: Persian script in three lines - "Struck at the mint of Murshidabad in year 19 of his reign of tranquil prosperity."
Diameter: 27.90mm | Weight: 12.36g | Milling: Oblique
This is an attractive mint-state example of one of the most valuable coins used in colonial Australia.
We know from studies of the mohur’s use in British India that they were primarily used to facilitate large transactions, transactions between merchants and international traders.
Among the goods imported from India to colonial New South Wales were rum, tea, and sugar. These were sold on to the Australian colonials often for exorbitant profits, while whale and seal oils were among the earliest colonial goods to be exported to Bombay, Bengal and Madras.
Economic historians agree that “it was from such piecemeal activities that Australia’s pioneer entrepreneurs developed – those people who from their successful commercial activities amassed the capital that was later invested in the development of sealing, whaling, grazing or manufacturing.”
Those citizens of Sydney Town and elsewhere in Australia most likely to have handled mohurs can be numbered among the wealthiest men in the southern colonies.
Commissioner Bigge reported that there were 21 merchants in New South Wales between 1788 and 1821, as well as 13 mercantile houses.
That a collector today can hold a coin in their hand that could have been used by one or many among this small elite is astounding.
Click the PCGS icon below to verify the certificate details for this coin directly on the PCGS website.
PCGS Certificate Number: 49070817
SKU: 4063
Browse our catalog of Australia's Proclamation and Colonial Coins (1788 ~ 1826) below:
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