East India Company, Madras Presidency, Northern Circars: Dub coinages, Madras, First issue, copper 2 Dubs, 1807, do fulus hanarabal kampani isavi 1807 [Two fulus of the honourable company christian year 1807], rev. kumpini yarapotta irantu dabbu [Honourable company, two dubs] around kampini varuvesana renddu dabbulu [Honourable company, two dubs], 22.13g/6h (Prid. 327, this coin illustrated [Sale, lot 435]; Stevens 3.358; KM. 334, this coin illustrated). Minor peripheral weakness, otherwise extremely fine and the best of the few known specimens of this substantial coin, extremely rare [certified and graded NGC MS 60 BN] £10,000-£15,000

This lot was sold as part of a special collection, The Puddester Collection.

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Collection

F. Pridmore Collection, Part II, Glendining Auction (London), 18-19 October 1982, lot 435, ticket
Sir John Wheeler Collection, Baldwin Auction 22 (London), 2 May 2000, lot 65.

Owner’s ticket and envelope.

Literature:
Illustrated in Fred Pridmore, The Coins of the British Commonwealth of Nations...Part 4, India, Volume I, p.63.
Illustrated in George Cuhaj et al, South Asian Coins and Paper Money, Indian Edition, p.444.

Following a report dated 12 March 1807, which highlighted the scarcity of copper coin in circulation, Benjamin Roebuck, the mint master at Madras, designed a new dub coinage, striking of which commenced in August 1807. Unusually, the series featured a regulating dub, necessary to facilitate a payment expressed in fanams but paid in copper dubs