Peacecock Silver Proof Coin of St. Helena

X CASH East India Company Silver Coin 10 Pence Saint Helena Ascension Island 2012

The East India Company is proud to issue the 2012 fine Silver Cash coin to celebrate the fascinating history of 17th Century, in which this coin were produced in India and the United Kingdom. Cash coin were currency units used during the time of the British rule in India. As a testament to India’s national bird, the peacock, the Company pays homage to its beauty and grace with this Silver coin.

Cash Coin Cash coin were currency units used during the time of the British rule in India. The origin of the word ‘CASH’ has been debated widely, though in the case of the currency unit, it is believed to be a derivation of the Sanskrit word ‘karsa’, which stood for a weight of silver or gold equal to 1/400 of a ‘tola’. Alongside the famous gold ‘Mohur’ coins, copper ‘CASH’ coins in the denomination of 20, 10 and 5 were also struck for use in the East India Company’s vast trading activities. In the early part of the 17th century, British East India Company coins were minted in England and shipped to the East. In England over time the word ‘Cash’ was adopted from British India where it was used to facilitate the East India Company’s trade. Making payments for goods with CASH coins compounded the use of the word and it is today synonymous with money in general. By the late 17th Century, coins were produced for the East India Company buy mints in India and the United Kingdom. The Company’s accounts were reckoned in “pagodas”, “fractions”, “fanams”, “faluce” and “cash”.