Mint Administration Mint Administration Mint Administration Mint Administration
Mint Administration Mint Administration Mint Administration Mint Administration
Mint Administration
MINT ADMINISTRATION
In the 16th and 17th centuries, Gujarat ports were the main entry point
Mughal coins. It was first Cambay then Surat through which bullion came to
India. Bullion imports into Mughal India at the close of the sixteenth century
the largest mints of the Empire - former in the last quarter of the sixteenth
century (in Akbar’s reign) and latter in the seventeenth century (during
successful working of the mint was linked to the prosperity of the Empire. He
thus devoted a detailed section of his work to the organization of the mint.3
measures. On the eve of the Mughal conquest of Gujarat, the most prominent
currency of the region was the mahmudi, a silver coin of 88 grains first issued
by the Gujarat Sultan Mahmud Shah (1458-1511).At least four varieties of the
in 1572-73.4
conquest of Gujarat in 1572-73 and the very first year of the annexation of the
province saw the issue of gold muhrs and silver rupees bearing the Emperor’s
name, year issue, mint name and Kalima (Muslim creed).5 It became the
greatest mint of the empire in very short order. The silver rupees of
manner that rupees of Surat dominate hoards of Aurangzeb and the later
Mughals.6 That the new coin took deep root in popular usage was confirmed
restoration, he needed to strike silver coins of the exact shape and weight as
the rupee of Akbar rather than the reputed mahmudi of his ancestors.7
darogha.8
4 Najaf Haider, ‘Mughals and Mahmudis: The Incorporation of Gujarat into the Imperial Monetary
System in PIHC, 60th session , Calicut 1999, Aligarh 2000, pp.270-71.
5 G.P.Taylor, ‘The Coins of Ahmadabad’, JBBRAS,Vol.XX, 1902, pp.414-17.
6 J.F. Richards ed., op.cit., p.28.
7 G.P.Taylor, ‘On the Identity of the Gujarat Fabric and the Surat Mahmudi,’JASB, New Series, I,
10(1902), Numismatic Supplement,VI, 413; J.F.Richards ed., op.cit., p.28.
8 Akbarnama,, III, p.227.
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which housed both the capital city of the province and a mint, the rupee had
The imperial monetary system did not penetrate in the southern Gujarat
till the early decades of the seventeenth century. In the cities of Surat, Broach
and Baroda (in southern Gujarat) local currency of previous regime, mahmudi
was still the sole currency of exchange and the money of account.13 The
reason for the continued circulation of mahmudis in southern Gujarat was two
fold. One view forwarded is that the volume of coin production in the
Ahmadabad mint was not much as to supply rupees to the entire province.14
Further, much of the supply of the Surat mahmudi came from the
9 All these measures are dealt elaborately by Najaf Haider in his article, ‘The Monetary Integration
of India under the Mughal Empire’, in I.Habib, ed. India- Studies in the History of an Idea,
Delhi, 2005,pp.129-143.
10 A’in, I, pp.284,289; Badauni, III, p. 380.
11 Najaf Haider, ‘The Monetary Integration of India under the Mughal Empire’, in ed. I.Habib
op.cit. p.136.
12 Letters Received, vol. III, p.11.
13 Ibid., vol. I, p.34; Also see Thomas Best, The voyage of Thomas Best to the East Indies,1621-14,
ed. William Foster, Hakluyt Society, 1934, p.35.
14 Najaf Haider,‘Mughals and Mahmudis’, op.cit., p.274.
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ship of Akbar. Its ruler was allowed to retain his possession on the condition
name of the Mughal Emperor. These mahmudi coins bore Akbar’s legends
of matter, at this time, Mughals were not bent on extending their imperial
strike these coins as late as 1638 when their kingdom was annexed.18
mint at Surat from 1620 onwards to strike rupees on a regular basis.19 It was
in response to the shifting of maritime trade in the western Indian Ocean from
the Gulf of Cambay towards the coast of Surat with the arrival of the Dutch
and the English East India Companies.20 Soon, it replaced the Ahmadabad as
Navanagar who used to supply mahmudis in the large area stretching from
Shah III (1538-54) which they continued till the reign of Jahangir. During
A‘zam Khan’s governorship (in 1641) in the wake of military campaign, the
ruler of Jam offered his allegiance and consented to overthrow the mint.23
During the reign of Shahjahan, the political offensive (1641) against the
Jam of Navanagar to shut down the mint and stifle the supply of the local coin
imperial mint at Junagadh for the sole purpose of melting mahmudis (bar
gudaz mahmudi) and recoining them into rupees.24 But this experiment was
author of the Mir’at, the experiment failed and the mint was discontinued on
the advice of the diwan of the suba, Mir Sabir. According to him, “in view of
started coining their gold and silver, brought at Diu, there [Junagarh] rather
than taking them to Ahmadabad [mint]”.25 But the mint at Junagadh continued
discontinuance.26
Under Shahjahan, another active mint was at Cambay. Earlier, under Jahangir,
we meet, for the first time, with reference to a distinctively Cambay coinage,
which was issued probably not for currency purposes but merely in
known coin from the Cambay mint is a rupee of the hijri year 1051(AD
showed there was a great increase in the share of Cambay mint from 1666-74,
which was also witnessed in the two decades (1685-1703). This increase, it
seems, was at the expense of Surat. Minting at Surat mint was not speedy
especially during the reign of Aurangzeb, the mint at Surat remained closed
Islamnagar and in its mint, mahmudis was to be melted and reminted into
rupees.31
(gold or silver) or copper, and reminting the old coins that had lost value
compelled the reminting of old coins by either not normally accepting them in
year, subsequent to the year of issue recorded on the coin, a percentage was
deducted from its value irrespective of the actual loss of weight. Besides the
factor of age, the loss in weight also caused a discount for which the
government as well as the market had set rates. Abul Fazl says that after a
number of experiments the discount rates fixed for old rupee were as follows
– a loss in weight up to one rati was ignored and the coin treated as equal to
29 Mints of the Mughal Empire, op.cit.pp.327, 329.
30 For details see Chapter Tributary Chiefs.
31 Mir’at, supplt.p.220.
32 For a general discussion of Mughal currency system, see I.Habib, Currency System of the
Mughal Empire, Medieval India Quarterly, 1961, Aligarh, IV, pp.1-21.
33 A’in, I, p.289; Also see Shireen Moosvi (tr.) Aurangzeb’s Farman to Rasikdas on Problems of
Revenue Administration, 1665 in Medieval India, I,Delhi,1992, p.204 clause 8.
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40 dams; in case of loss between one rati and two ratis, the discount
amounted to one dam or 2.5 per cent and the coin fetched 39 dams. Further, if
the loss exceeded two ratis, the coin was treated as bullion.34 These discount
rates were slightly revived during Aurangzeb’s reign through 2 orders issued
in 1692-3 and 1696-7 to Gujarat which lay down that the coin short in weight
shortage of new currency and fall in weight of the old coins often enabled the
sarrafs to unilaterally increase the market discount rates for their own profit
according to the Mir’at, a great loss to the public and therefore necessitated
the issue of these orders. The diwan of Gujarat was repeatedly required to
take bonds from the sarrafs that they would strictly follow the official rates
and bring the chalani rupee, which was short in weight below 3 ratis, to the
mint.36
The factor of age or weight or both thus accounted for the old currency
inevitably undergoing remitting for which the total charges amounted to 5.6
per cent.37
Mughals were not realized through mixing alloy in the coin but charged
separately on those who wanted to convert their bullion into specie. From
Abu-l Fazl’s statement it appears that in the case of the rupee the total charge
34 A’in, I,pp.28-29.
35 Mir’at, I, pp.327,337.
36 Ibid.
37 A’in, I, p.32.
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amounted to about 5.6 per cent of the net amount coined;38and there is
evidence that it remained about the same during the later period.39 But, in
only five years and the tax was reintroduced throughout the empire in 1681,
now set at three different rates viz. 5 percent charged from Hindu merchants,
3.5 from Europeans and 2.5 percent from Muslims. An order of the subadar
of Gujarat, dated 1682, stated that the tax realized on all the gold and silver
bullion (hasil i tala wa nuqra ghair maskuk) sold by the merchants to the
mints of the province should be at the rate of “two [in] forty” (chahal do) for
the Hindus and “one [in] forty” (chahal yak) for the Muslims.41
the state. In cities for the collection of mint dues, it constituted a separate
mahal and formed a part of the mahalat-i sa’ir balda (urban taxes). In
Ahmadabad, it was separate mahal and its annual income was estimated at Rs.
1, 54,362.5 (61, 74,500 dams).42 In the later source, it was stood at Rs.
In Surat, the dues from mint were also a part of sa’ir mahal (trade
(salt pans), marammat jahazat (ship building and repairing) and furza-i
38 A’in, I, p.32.
39 I.Habib, Currency System of Mughal Empire, MIQ, IV,1961,p.3.
40 EFI (NS), 1670-77,I, pp.282-83.
41 Mir’at, I,p.304.
42 Mir’at, supplt.p.183.
43 Kaghzat-iMutafarriqa, report in Persian on the Pre-British administrative system in Bengal,
prepared by the Rai Rayan and the qanungos under the instructions from the Governor General in
Council, Jan. 4, 1777, Add. 6586, Add. 6592, Rotograph No. 203, CAS, AMU, f.76b.
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mint was combined with dues from the balda, bazaar and Ghalla mandi
dams).45 For Cambay mint, we have no information regarding its income for
initial period. During the first half of eighteenth century, income from mint
500(1, 00,000 dams).47 In Islamnagar, the income from the mint was Rs.1,
In the seventeenth century, in Surat, the revenue of the mint was farmed
to the merchants and officials along with the post of mutasaddi of Surat.49 In
1629, it was held by Masih-uz Zaman. In 1639, Muiz-ul Mulk (Mir Musa) got
governorship of port Surat on farm upon giving two lakhs of rupees more than
his predecessor.50 In 1641, English factors further inform us that the amount
for which Mir Musa had farmed Surat with its mint and customhouse was
seventy two lakhs of mahmudis per annum. But he had overestimated the
produce of the port, for by 1641 he was short in paying the contracted money
Revenues from Surat mint was also assigned in jagir. In 1644, Princess
Jahan Ara was assigned sarkar of Surat in jagir which supposed to yield
annual revenue of seven and a half lakhs of rupees, with its port yielding
another two and a half lakh rupees.52 In this was also included the revenue
involving a large number of officers and workers. About mint at Surat, John
stately Entrance into the Mint, which is a large Town of Offices within it
self”.54
The English Factors used to call him the ‘mint master’.55 He was appointed by
a sanad bearing the seal of finance minister (diwan-i ‘ala’) and at the
within the patronage of the governor of the place, which was usually kept
within the family of the governor.56 It was most probably the case when the
revenue of mint along with the post of governor was farmed to the merchants
was also quite often the darogha of the mint.58 In Ahmadabad, a separate
Shah Mir, sawanh-i nigar, of suba Gujarat was appointed as darogha-i daru-l
zarb of Ahmadabad.59
working in the mint. For this, according to Abul Fazl, he was required’ to be
cirumspect and intelligent, (who) keeps every one to his work and shows zeal
and integrity.60 The opening and closing of the mint was at his pleasure,61 and
those wishing to get their bullion coined had to apply to him.62 Having
issued receipt thereof to the customer who had brought bullion or metal to be
coined.63 When the newly coined money was handed over, it was his duty to
see that the mahsul-i daru-l zarb( mint charges), rusum-i ahlkaran(perquisites
had to see that the entries of the daily income and expenditure in the mint had
been entered in the registers (siyaha).65 He along with the mushrif and
tahwildar used to deposit every month in the state treasury the entire money
the income and expenditure records to the office of the diwan-i khalisa for
inspection.67
59 Akhbarat A, 227.
60 A’in, I, p.13.
61 EFI 1618-21, p.8.
62 Ibid. 1661-64, p.22.
63 Kaghzat-i Mutafarriq, f.57a-b.
64 Ibid.
65 Ibid.
66 Ibid.
67 Ibid. For the duties of darogha-i daru-l zarb, see also Hidayat –ul Qawa’id, ff.37a-39a.
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It was also his duty to see that merchants who imported gold and silver
did not sell it else where and cause loss to mint revenue. He used to take
bonds from them that they could sell only at the mint.68 In 1697-98, on the
suba made a rule that gold and silver could not be melt at any other place
except mint.69
darogha. In fact, the dyarchical office of the amin was instituted to strike a
balance between local and imperial interests. He assisted the darogha and
He was to settle the differences between the darogha and the working men and
to prevent frequent quarrels among the workers in the mint. Abul Fazl
account keeper who recorded the daily expenses in the mint.73At Ahmadabad,
The tahwildar kept the daily account of the profits of the mint and
received the money collected on account of the mint charges.75He was also
68 Mir’at ,I,pp.303-304,340.
69 Mir’at, I, p.340.
70 A’in, I, p.15.
71 Mir’at, supplt.p.183.
72 Ibid.
73 A’in, I, p.15.
74 Mir’at, supplt.p.183.
75 A’in, I, p.16.
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the tahwildari of daru-l zarb, he held the tahwildari of mahal jauhari bazaar-
o manhari.77
Another official was karora though not mentioned in A’in. The Mir’at,
‘unconditional’ mansab.78
The muhr-kan( engraver) under Akbar held the rank of 100 zat. He
engraved the dies of the coins.79The Mir’at makes no mention of it.
The wazn-kush (weighman) weighed the bullion, the old coins brought
to the mint and the new ones paid out after being minted. For this work, he
got some commission.80 But, the Mir’at shows him a paid employee who
76 Ibid.
77 Mir’at, supplt. p.183.
78 Ibid.
79 A’in, I, pp.17-18.
80 Ibid., I, p.16.
81 Mir’at, supplt.p.183.
82 Ibid.
83 For these skilled workers and their functions, see A’in, I, pp.16-20.
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problem. The coining in the mint was done by officials assigning fixed days
to the merchant suppliers, which often clashed with the timetable set by them
for shipping in the right seasons. The majority had to cope with delays in the
merchants could be granted access to the mint out of their turn as a favour. In
1684-85, a dastak was issued to the officers of Surat mint officials of Surat
port directing them to daily issue 4,000 coins to chief merchant (‘umadat u’l
directing Surat mint officials to daily issue 4,000 coins to another merchant,
‘umadat u’l tujjar Muhammad Fazil.85 The English too were exempted from
taking turns in the mint towards the end of the seventeenth century.86It was
normally did not carry their bullion to the mint but rather sold it to the sarrafs,
assay precious metals and coins (hence the name sarraf from Arabic sayrafi,
The sarraf’s profession brought them close not only to the merchants
but also to the mint. They were often appointed in the latter as assayers.89 The
A’in stresses that the success of the mint depended on the experience of the
to bring to the mint all the silver coins which had lost in weight up to 3 surkha
88 John Van Twist, A General Description of India (1968), extracts tr. Moreland, JIH, XVI(
1937),63-77,p.73.
89 A’in, I, p.16.
90 Ibid., pp.13-14.
91 Mir’at, I, pp.327-28.
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assigned in jagir to Princess Jahan Ara which also included the revenues from
specified two rupees to be fixed daily for the hakim and two rupees for the
medicines and mixture, etc. for the hospital of Princess’ sarkar, out of the
charge of the mint, were instructed to provide the daily allowance to the
hakim.92