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Posted on: 2 February 2011
Digital Rare Book :
Tarikh-i Firoz Shahi of Ziau-d Din Barni
in the book The History of India as told by its own historians.
The Muhammadan period. Edited from the posthumous papers of the late Sir H.M. Elliot by Professor John Dowson
Published by Trubner & Co., London - 1867
Read Book Online : http://www.archive.org/stream/cu31924073036737#page/n107/mode/2up
Read Book Online : http://ia700406.us.archive.org/15/items/cu31924073036737/cu31924073036737.pdf
RBSI, I was curious how the coinage worked, if people were traveling from one kingdom to another and if there were foreign travelers. How was the monetary value established for different coins minted?
through exchange of coins,I suppose....
Great question Arvind. I am curious too. I am sure one of our experts will enlighten us. First of all, other than gold and silver per se, I dont think there was a universal legal tender. And most people obviously did not travel very far. I guess barter too was more common among the common folk.
I have a catlog on old Indian coins but they don't talk of universal value back in the old days. Even if the tender was gold and silver how was the gold/silver value established, in the travels of Pietro Del Valle and other French and European travelers, they do not mention what was used....
Coins were mostly made by the kings as a legacy that would stay behind, or as a mark of their power. I doubt that coins were the only valuable form of trade back then... it could have been food, jewels, horses, cattle and more.