Madapollam Mint
Coins were
issued from the Madapollam Mint by:
|
Europeans |
Discussions
about the introduction of the new dub coinage took place in 1793 [1]
[1]
Letter from the Resident at Madopollam
to Government, dated
…The amount of copper coin in circulation at this factory is,
as far as I am able to ascertain, on an average about 19 candies or 1000
pagodas worth, which, I am given to understand, is fully sufficient for the
purposes of the inhabitants.
I humbly conceive that the exchange of the new coin of the
weight of the dub should not exceed four for the fanam, forty eight for the
rupee or one hundred and ninety two for the pagoda which was the average
exchange until within these few years. The fewer there are the more convenient
I am inclined to think it will be for the poorer classes of inhabitants, who
generally carry all their property about them, and who, I should suppose, must
therefore find the dubs inconvenient and difficult to secret.