Question
What do you understand by the term ‘Punch marked coins’? Explain in brief.
✓
Answer
Early coins: Archaeologists have found several thousands of coins belonging to this early ancient period of ancient India. The earliest coins which were in use for about 500 years were Punch marked coins. They have been given this name because the designs were punched on to the metal, silver or copper.
Coins were used as medium of exchange. But we should remember that coins were not only means of exchange. Other articles such as paddy, salt and some animals were also used as means of exchange.
Coins were used as medium of exchange. But we should remember that coins were not only means of exchange. Other articles such as paddy, salt and some animals were also used as means of exchange.
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