Half a Dub from British India 1794
In 1766 the territory known as the Northern Circars was ceded to the British East India Company by the Nizam of Hyderabad The coins being used there were gold Pagodas, silver Rupees and copper Dubs. The Company fixed a rate of 48 dubs to the silver Rupee. However in practice the rate of exchange was fluctuating too widely to be workable. The Company needed its own fixed copper fractions of a Rupee and they turned to Matthew Boulton and his innovative Soho mint in Birmingham. They specified both raised and incuse lettering with their Authority, Arms and Merchant Mark on…
