British India 1835-1947

Set Description
During their dominance of India, the company established their own coinage. They initially built a mint in Bombay in 1672. At first they competed against a number of regional mints but, because of their control of the country, in 1835 they absorbed the competition. The largest of these belonged to the Mughal Empire and the directorates of Marathas and Rajputs. Despite the fact that the East India Company was a non-government entity, the Coinage Act decreed that there should be a universal coinage for all the British Colonies. As a result, coins were struck for the first time bearing the effigy of the reigning monarch, King William IV, after it consolidated India’s existing mints it became the sole issuer and controller of India’s circulating money until 1858.