Introduction of coin

Coins of England and Great Britain. ('Coins of the UK'). by Tony Clayton !!
British East India Company (organization, England in business, history)
Price of one coins made by east india company at 1616 years

You are assuming that the East India Company "introduced" Lebbo coins in 1616, a story being propagated by half-informed rumour-mongers. There is no numismatic record of the East India Company having issued such coins for the purpose of trade. There were no such "coins" introduced either in the form of currency or as legal tender. The lebbo coin exists, but the story is quite different from what is often rumoured. So what is true? (1) Yes, they were made in a gun-foundry in Surat (2) The purpose for their manufacture is not known. The British assumed it was for some local religious purpose, but the Englishmen were allowed to put their insignia on one side of the coin. A fault in the mould caused "EIC" to become "EID" (3) Its manufacture was done based on some ancient Sanskrit texts. (4) Detailed astronomical study was done before its manufacture. (5) eight "pairs" of coins were made (6) They were made during a solar eclipse as per the instructions in the text.

For some unknown reas ...more

"story of 1616" ! time to open history book