History of Money Excavations in Tilaurkot during the period of 1967-1976, revealed that the earliest coins recorded in Nepal are ‘kushan’, ‘kaniksha’ and ‘havisha’ coins (1st century) and the ‘punch marked’ coins (6th and 5th century B.C.). King Mandeva’s rule in the 5th century gave birth to the Licchavi coins. It was during the Malla period that more systemization was brought in monetary terms. Coins were then issued in denominations of 2 mohur (equivalent to one rupee), 1 mohur (50 paisa), one and a half sukka (36 paisa), sukka (25 paisa), sukki, or ‘tinnani’, (12 paisa), anni (6 paisa), adhani (3 paisa), paisa (1 paisa), and dam (1/4 paisa). In 1545, Dolkha King Indrasinga Deva minted the first silver coins with the rupee coin weighing in at 11.6 gm (1 tola). During Mahendra Malla’s rule, the first silver coins were minted in the Valley with each 1 tola coin being called a Mahendra Malli. The ‘windblown type’ silver coin called ‘Fukadam’ (‘Chundam’ i...
Location of Store from the picture: Pokhara, Nepal)
