crude pieces coins issuing authority in mauraya time
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these coins are issued by local authorities in -650BC
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It is commonly supposed by scholars that they were first issued by merchants and bankers rather than the state . They contributed to the development of trade since they obviated the need for weighing of metal during exchange. Kārshāpaṇas were basically silver pieces stamped with one to five or six rūpas ('symbols') originally only on the obverse side of the coins initially issued by the Janapadas and Mahajanapadas, and generally carried minute mark or marks to testify their legitimacy. Silver punch-marked coins ceased to be minted sometime in the second century BCE but exerted a wide influence for next five centuries.
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