Six punch-mark symbols / Blank, some bankers' marks. Irregular flat silver planchet, 17mmx17mm, 3.43 grams. Scarce. Gupta/Hardaker ISPC series IVd, XXXI C 1 (#405).
Rare. This example has another large punch on obverse - a long oval with three circles inside. It is too big to be a banker's mark, but is not listed in G/H as an extra mark.
These silver coins with various punchmarks are among the earliest silver Indian coins. Magadha was an ancient kingdom in India, mentioned in both the Ramayana and the Mahabharata. It was also one of the four main kingdoms of India at the time of Buddha, having risen to power during the reigns of Bimbisara (c. 544-491 BCE)and his son Ajatashatru (c. 491-460 BCE). The core of the kingdom was that portion of Bihar lying south of the Ganges, with its capital at Rajagriha (modern Rajgir). Magadha expanded to include most of Bihar and parts of Bengal with the conquest of Anga, and then expanded up the Ganges valley annexing Kosala and Kashi.