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The E-Sylum: Volume 20, Number 18, April 30, 2017, Article 25

FAKE EAST INDIA COMPANY COINS

This article from India describes some clearly fake East India Company coins to watch out for. -Editor

Fake East India Company 1839 One Anna coin

A coin that claims to be a rare coin minted by the East India Company in 1839 with a religious motif depicting Indian gods Ram, Sita, Lakshman and Hanuman on the reverse, is what numismatists call a “fantasy” coin.

The above image has been shared widely on WhatsApp and Twitter with many people extrapolating that the early British recognised these deities by etching them on the currency in use. However, a BOOM investigation revealed that the coin is fake.

Moreover, a few other coins with the East India Company emblem on the front and religious motifs of Buddha, Saraswati, Ganesh, Shiva and Hanuman on the reverse, are also fake.

Fake East India Company 1616 One Anna coin obverse Fake East India Company 1616 One Anna coin reverse

A source familiar with numismatics or the study of coins said these ‘fantasy’ coins combined features of Ramatanka(s) or ‘temple tokens.’ The source did not wish to be identified.

Temple tokens with motifs or designs of Hindu gods and goddesses were symbolic and were never meant for commerce nor were they used as legal tender.

Temple tokens did not have currency values engraved on them as they relied on the intrinsic value of the metal they were made of.

To read the complete article, see:
Are These East India Company Coins With Indian Gods Real?: A FactCheck (www.boomlive.in/are-these-east-india-company-coins-with-indian-gods-real-a-factcheck/)



Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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