COIN PRICE GUIDE SECTION 1

2:54 PM

COIN PRICE GUIDE — SECTION 1
ANCIENT INDIA
Approximate Market Values for Indian Collectors

Compiled by AINCERT
All India Numismatics Council of Educational Research and Training
Website: sites.google.com/view/aincert
Email: ujjwalbup@gmail.com
"Don't talk about money, talk about history."

IMPORTANT NOTICE

All prices listed in this guide are approximate market values based on recent auction results from Marudhar Arts, Classical Numismatic Gallery and Numista data. Actual prices vary significantly depending on grade, rarity, mint, provenance and current market conditions. AINCERT recommends using the ARCHIER Scale to grade any coin before buying or selling. These prices are for reference only and do not constitute a valuation or guarantee of value. Prices are listed in Indian Rupees.

PUNCH-MARKED COINS
Mahajanapada Period, approximately 600 to 300 BC

Silver Karshapana, single punch, unattributed. Fair to Fine condition: Rs. 500 to Rs. 1,500. Very Fine condition: Rs. 1,500 to Rs. 4,000. Extremely Fine condition: Rs. 4,000 to Rs. 10,000.

Silver Karshapana, five punch symbols, attributed to a specific Mahajanapada. Fair to Fine condition: Rs. 2,000 to Rs. 5,000. Very Fine condition: Rs. 5,000 to Rs. 12,000. Extremely Fine condition: Rs. 12,000 to Rs. 30,000.

Silver Karshapana, Magadha issue with specific royal punch. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000. Extremely Fine condition: Rs. 20,000 to Rs. 50,000.

Copper Karshapana, unattributed. Fine condition: Rs. 300 to Rs. 800. Very Fine condition: Rs. 800 to Rs. 2,000.

Saurashtra Janapada silver coins. Fine condition: Rs. 1,500 to Rs. 4,000. Very Fine condition: Rs. 4,000 to Rs. 10,000.

Panchala Janapada silver coins. Fine condition: Rs. 1,000 to Rs. 3,000. Very Fine condition: Rs. 3,000 to Rs. 8,000.

Kosala Janapada silver coins. Fine condition: Rs. 2,000 to Rs. 5,000. Very Fine condition: Rs. 5,000 to Rs. 15,000.

MAURYA EMPIRE
Approximately 321 to 185 BC

Imperial Silver Karshapana, five official Mauryan punches. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 25,000. Extremely Fine condition: Rs. 25,000 to Rs. 60,000.

Copper Mashaka, Mauryan issue. Fine condition: Rs. 500 to Rs. 1,500. Very Fine condition: Rs. 1,500 to Rs. 4,000.

Copper Pana, Mauryan issue. Fine condition: Rs. 800 to Rs. 2,000. Very Fine condition: Rs. 2,000 to Rs. 5,000.

Gold Suvarna, Mauryan issue, extremely rare. Fine condition: Rs. 1,50,000 and above. Very Fine condition: Rs. 3,00,000 and above.

SHUNGA DYNASTY
Approximately 185 to 73 BC

Copper punch-marked coins, Shunga attribution. Fine condition: Rs. 800 to Rs. 2,500. Very Fine condition: Rs. 2,500 to Rs. 6,000.

Cast copper coins with Ujjain symbol. Fine condition: Rs. 600 to Rs. 1,800. Very Fine condition: Rs. 1,800 to Rs. 4,500.

SATAVAHANA DYNASTY
Approximately 230 BC to 220 AD

Lead coins, unattributed Satavahana. Fine condition: Rs. 400 to Rs. 1,200. Very Fine condition: Rs. 1,200 to Rs. 3,000.

Lead coins, attributed to specific king. Fine condition: Rs. 1,500 to Rs. 4,000. Very Fine condition: Rs. 4,000 to Rs. 10,000.

Potin coins, Satavahana issue. Fine condition: Rs. 800 to Rs. 2,000. Very Fine condition: Rs. 2,000 to Rs. 5,000.

Silver coins, Satavahana issue. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000.

Bilingual coins, Prakrit and Tamil legends. Fine condition: Rs. 5,000 to Rs. 15,000. Very Fine condition: Rs. 15,000 to Rs. 40,000.

Ship type coins, evidence of Roman trade. Fine condition: Rs. 8,000 to Rs. 20,000. Very Fine condition: Rs. 20,000 to Rs. 60,000.

INDO-GREEK KINGDOM
Approximately 180 BC to 10 AD

Silver Drachm, common ruler, unattributed. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000. Extremely Fine condition: Rs. 20,000 to Rs. 50,000.

Silver Drachm, Menander I (Milinda). Fine condition: Rs. 8,000 to Rs. 20,000. Very Fine condition: Rs. 20,000 to Rs. 60,000. Extremely Fine condition: Rs. 60,000 to Rs. 1,50,000.

Silver Tetradrachm, Indo-Greek issue. Fine condition: Rs. 10,000 to Rs. 25,000. Very Fine condition: Rs. 25,000 to Rs. 80,000. Extremely Fine condition: Rs. 80,000 to Rs. 2,00,000.

Bronze coins, Indo-Greek bilingual. Fine condition: Rs. 1,500 to Rs. 4,000. Very Fine condition: Rs. 4,000 to Rs. 10,000.

Square coins, Indian innovation on Greek issues. Fine condition: Rs. 2,000 to Rs. 5,000. Very Fine condition: Rs. 5,000 to Rs. 15,000.

Apollodotus I silver drachm. Fine condition: Rs. 6,000 to Rs. 15,000. Very Fine condition: Rs. 15,000 to Rs. 40,000.

INDO-SCYTHIAN AND WESTERN KSHATRAPA
Approximately 150 BC to 400 AD

Silver Drachm, Western Kshatrapa, common ruler. Fine condition: Rs. 1,500 to Rs. 4,000. Very Fine condition: Rs. 4,000 to Rs. 10,000. Extremely Fine condition: Rs. 10,000 to Rs. 25,000.

Silver Drachm, Rudradaman I. Fine condition: Rs. 5,000 to Rs. 12,000. Very Fine condition: Rs. 12,000 to Rs. 35,000. Extremely Fine condition: Rs. 35,000 to Rs. 80,000.

Silver Drachm, Nahapana. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000.

Copper coins, Western Kshatrapa. Fine condition: Rs. 600 to Rs. 1,500. Very Fine condition: Rs. 1,500 to Rs. 4,000.

KUSHANA EMPIRE
Approximately 50 BC to 375 AD

Gold Dinar, Vima Kadphises. Fine condition: Rs. 30,000 to Rs. 80,000. Very Fine condition: Rs. 80,000 to Rs. 2,00,000. Extremely Fine condition: Rs. 2,00,000 to Rs. 5,00,000.

Gold Dinar, Kanishka I with Buddha image. Fine condition: Rs. 40,000 to Rs. 1,00,000. Very Fine condition: Rs. 1,00,000 to Rs. 3,00,000. Extremely Fine condition: Rs. 3,00,000 to Rs. 8,00,000.

Gold Dinar, Huvishka. Fine condition: Rs. 25,000 to Rs. 60,000. Very Fine condition: Rs. 60,000 to Rs. 1,50,000.

Copper coins, Kushana issue common. Fine condition: Rs. 500 to Rs. 1,500. Very Fine condition: Rs. 1,500 to Rs. 4,000.

Tetradrachm, Kujula Kadphises. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000.

GUPTA EMPIRE
Approximately 320 to 550 AD

Gold Dinar, Chandragupta I. Fine condition: Rs. 80,000 to Rs. 2,00,000. Very Fine condition: Rs. 2,00,000 to Rs. 5,00,000. Extremely Fine condition: Rs. 5,00,000 to Rs. 15,00,000.

Gold Dinar, Samudragupta, Lyrist type. Fine condition: Rs. 1,00,000 to Rs. 2,50,000. Very Fine condition: Rs. 2,50,000 to Rs. 6,00,000. Extremely Fine condition: Rs. 6,00,000 to Rs. 18,00,000.

Gold Dinar, Chandragupta II, Archer type. Fine condition: Rs. 1,50,000 to Rs. 4,00,000. Very Fine condition: Rs. 4,00,000 to Rs. 10,00,000. Extremely Fine condition: Rs. 10,00,000 to Rs. 30,00,000.

Gold Dinar, Chandragupta II, Horseman type. Fine condition: Rs. 1,20,000 to Rs. 3,00,000. Very Fine condition: Rs. 3,00,000 to Rs. 8,00,000.

Gold Dinar, Chandragupta II, Lion-Slayer type. Fine condition: Rs. 2,00,000 to Rs. 5,00,000. Very Fine condition: Rs. 5,00,000 to Rs. 12,00,000.

Gold Dinar, Kumaragupta I, Elephant Rider type. Fine condition: Rs. 80,000 to Rs. 2,00,000. Very Fine condition: Rs. 2,00,000 to Rs. 5,00,000.

Silver coins, Gupta issue. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000.

Copper coins, Gupta issue. Fine condition: Rs. 800 to Rs. 2,000. Very Fine condition: Rs. 2,000 to Rs. 5,000.

VAKATAKA DYNASTY
Approximately 230 to 340 AD

Gold coins, Vakataka issue. Fine condition: Rs. 60,000 to Rs. 1,50,000. Very Fine condition: Rs. 1,50,000 to Rs. 4,00,000.

Silver coins, Vakataka issue. Fine condition: Rs. 4,000 to Rs. 10,000. Very Fine condition: Rs. 10,000 to Rs. 25,000.

Copper coins, Vakataka issue. Fine condition: Rs. 1,000 to Rs. 3,000. Very Fine condition: Rs. 3,000 to Rs. 8,000.

KADAMBA DYNASTY
Approximately 345 to 525 AD

Gold Pagoda, Kadamba issue. Fine condition: Rs. 40,000 to Rs. 1,00,000. Very Fine condition: Rs. 1,00,000 to Rs. 2,50,000.

Silver coins, Kadamba issue. Fine condition: Rs. 5,000 to Rs. 12,000. Very Fine condition: Rs. 12,000 to Rs. 30,000.

Copper coins, Kadamba issue. Fine condition: Rs. 1,500 to Rs. 4,000. Very Fine condition: Rs. 4,000 to Rs. 10,000.

PALLAVA DYNASTY
Approximately 600 to 900 AD

Gold coins, Pallava issue. Fine condition: Rs. 30,000 to Rs. 80,000. Very Fine condition: Rs. 80,000 to Rs. 2,00,000.

Silver coins, Pallava issue. Fine condition: Rs. 4,000 to Rs. 10,000. Very Fine condition: Rs. 10,000 to Rs. 25,000.

Copper coins, Pallava Bull type. Fine condition: Rs. 1,000 to Rs. 3,000. Very Fine condition: Rs. 3,000 to Rs. 8,000.

EARLY CHALUKYA AND RASHTRAKUTA
Approximately 550 to 982 AD

Gold Gadyana, Chalukya issue. Fine condition: Rs. 25,000 to Rs. 60,000. Very Fine condition: Rs. 60,000 to Rs. 1,50,000.

Gold coins, Rashtrakuta issue. Fine condition: Rs. 30,000 to Rs. 80,000. Very Fine condition: Rs. 80,000 to Rs. 2,00,000.

Copper coins, Rashtrakuta Garuda type. Fine condition: Rs. 1,500 to Rs. 4,000. Very Fine condition: Rs. 4,000 to Rs. 10,000.

PALA DYNASTY
Approximately 750 to 1174 AD

Gold coins, Pala issue. Fine condition: Rs. 20,000 to Rs. 50,000. Very Fine condition: Rs. 50,000 to Rs. 1,20,000.

Silver coins, Pala issue. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000.

Copper Bull type coins, Pala issue. Fine condition: Rs. 800 to Rs. 2,000. Very Fine condition: Rs. 2,000 to Rs. 5,000.

CHOLA DYNASTY
Approximately 850 to 1279 AD

Gold Kalanju, Chola Tiger emblem. Fine condition: Rs. 15,000 to Rs. 40,000. Very Fine condition: Rs. 40,000 to Rs. 1,00,000. Extremely Fine condition: Rs. 1,00,000 to Rs. 2,50,000.

Gold Fanam, small Chola issue. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000.

Silver coins, Chola issue. Fine condition: Rs. 2,000 to Rs. 5,000. Very Fine condition: Rs. 5,000 to Rs. 12,000.

Copper Kasu, Chola issue. Fine condition: Rs. 500 to Rs. 1,500. Very Fine condition: Rs. 1,500 to Rs. 4,000.

Naval coins with ship motif. Fine condition: Rs. 8,000 to Rs. 20,000. Very Fine condition: Rs. 20,000 to Rs. 50,000.

HOYSALA DYNASTY
Approximately 1000 to 1300 AD

Gold Gadyana, Hoysala Honnu. Fine condition: Rs. 20,000 to Rs. 50,000. Very Fine condition: Rs. 50,000 to Rs. 1,20,000.

Silver coins, Hoysala issue. Fine condition: Rs. 4,000 to Rs. 10,000. Very Fine condition: Rs. 10,000 to Rs. 25,000.

Copper coins, Hoysala emblem. Fine condition: Rs. 1,000 to Rs. 2,500. Very Fine condition: Rs. 2,500 to Rs. 6,000.

VIJAYANAGARA EMPIRE
Approximately 1336 to 1646 AD

Gold Varaha, Pagoda type. Fine condition: Rs. 8,000 to Rs. 20,000. Very Fine condition: Rs. 20,000 to Rs. 50,000. Extremely Fine condition: Rs. 50,000 to Rs. 1,20,000.

Gold Fanam, small Vijayanagara issue. Fine condition: Rs. 2,000 to Rs. 5,000. Very Fine condition: Rs. 5,000 to Rs. 12,000.

Silver Tara, Vijayanagara issue. Fine condition: Rs. 3,000 to Rs. 8,000. Very Fine condition: Rs. 8,000 to Rs. 20,000.

Copper Kasu, Vijayanagara issue. Fine condition: Rs. 300 to Rs. 800. Very Fine condition: Rs. 800 to Rs. 2,000.

Vira coins, Vijayanagara issue. Fine condition: Rs. 1,500 to Rs. 4,000. Very Fine condition: Rs. 4,000 to Rs. 10,000.

PRICE PREMIUM FACTORS

A coin graded ARCHIER MS or Extremely Fine and above commands a premium of 3 to 10 times the Fine condition price listed above. A coin with a documented provenance from a reputable auction house such as Marudhar Arts or Classical Numismatic Gallery commands a premium of 20 to 50 percent above standard market value. An error coin commands a premium of 2 to 20 times the standard value depending on the nature and rarity of the error. An NGC, PCGS or NGS graded coin commands a premium of 30 to 100 percent above ungraded examples of the same coin in the same condition.

AINCERT Copyright 2026
Website: sites.google.com/view/aincert
Email: ujjwalbup@gmail.com
"Don't talk about money, talk about history."

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