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Govardhana / Nasik kahapana account: research record

Evidence coverage: AD 120–AD 120. This is the span of collected observations, not the currency’s lifetime.

This record includes associated currencies and earlier interpretations. The article selects the evidence relevant to its own history.

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Currency continuity

Govardhana / Nasik kahapana account

CUR-V29-GOVARDHANA-KAHAPANA · Research draft
One scoped currency identity. Changes to subdivisions, scale, standard, instruments or issuers do not by themselves create children. A distinct account unit can remain a successor.
Dated observations: AD 120; this does not establish the entire lifetime.

Parents / predecessors

No distinct predecessor currency is established in the loaded view.

Children / successors

No distinct successor currency is established in the loaded view.

Latest research

Earlier account evidence

Ushavadata’s year42 inscription records3000 kahapanas as perpetual principal:2000 placed with one Govardhana weavers’ guild and1000 with another, with interest alone available to beneficiaries.

Sources and qualifications →
Earlier account evidence

The endowment assigns twelve kahapanas for clothing to each of twenty resident monks; principal and recurring entitlement are denominated in the same local unit.

Sources and qualifications →
Unit-of-account identity review

Contractual principal and periodic entitlement establish a local account unit. Do not equate every South Asian pana/karshapana by name.

Sources and qualifications →
Indian earlier and regional gaps

Delhi tanka to Suri rupee remains a promising account-continuity question. Ancient kahapana and the separate Afghan, Nepalese, Hyderabad and Patna regional lines require their own evidence; they are not assigned a Mughal parent by name alone.

Sources and qualifications →
Open bridge toward today’s rupees

Indo-Greek denominations spread into India, but De Romanis shows that drachm coins could circulate while accounts remained in karsapana. Neither that coin sequence nor a repeated dramma name establishes the missing medieval-to-Mughal account links.

Sources and qualifications →
Indian money distinguished in the treasury

Aï Khanoum records drachmas, kasapana taxaena and kasapana nandena separately. Their equivalence is disputed, and identifying taxaena specifically with Taxila remains qualified. Later Deccan kārṣāpaṇa accounting could persist despite changing Indo-Greek coin supplies. No Greek-to-Indian account conversion is inferred.

Sources and qualifications →
Gandharan coins and possible Persian influence

The British Museum’s guide notes shared standards between imported Persian and local Gandharan coins and proposes possible influence. This supports a metrological/transmission candidate; it does not yet demonstrate that a named Gandharan account unit inherited Persian obligations.

Sources and qualifications →
Harappan weights are not a currency genealogy

Kenoyer documents standardized Harappan weights. The inspected evidence does not establish a named monetary account or the later inheritance of kārṣāpaṇa. Hold a Harappan→Gandharan→rupee chain; this does not assert an absence of exchange or accounting.

Sources and qualifications →

Account-unit observations

Dated evidence, not exact birth or extinction dates.

Year 42 of the inscription; conventional circa 120 AD, absolute correlation qualified.qualified

Ushavadata’s year42 inscription records3000 kahapanas as perpetual principal:2000 placed with one Govardhana weavers’ guild and1000 with another, with interest alone available to beneficiaries.

C1823
Year 42 of the inscription; conventional circa 120 AD, absolute correlation qualified.qualified

The endowment assigns twelve kahapanas for clothing to each of twenty resident monks; principal and recurring entitlement are denominated in the same local unit.

C1824
Evidence & research notes 8 claims

Dated observations, not a proven complete lifespan.

Inference C1823

Ushavadata’s year42 inscription records3000 kahapanas as perpetual principal:2000 placed with one Govardhana weavers’ guild and1000 with another, with interest alone available to beneficiaries.

Émile Senart · The Inscriptions in the Caves at Nasik, Epigraphia Indica VIII; inscription12, plateV Citation S971 · Open source ↗

Inscription12,ll1–3; Majumdarp34

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Read entire exposed inscription12 transliteration and translation.

Primary inscription via scholarly edition transcription; image not inspected.

Ramesh Chandra Majumdar · Corporate Life in Ancient India,1922 Citation S972 · Open source ↗

Inscription12,ll1–3; Majumdarp34

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Indexed PDF passage printed34 inspected: year42 explicitly equated to120AD.

Inference C1824

The endowment assigns twelve kahapanas for clothing to each of twenty resident monks; principal and recurring entitlement are denominated in the same local unit.

Émile Senart · The Inscriptions in the Caves at Nasik, Epigraphia Indica VIII; inscription12, plateV Citation S971 · Open source ↗

Inscription12,l3 and translation

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Read entire exposed inscription12 transliteration and translation.

Primary inscription via scholarly edition transcription; image not inspected.

Supported C1857

Contractual principal and periodic entitlement establish a local account unit. Do not equate every South Asian pana/karshapana by name.

Émile Senart · The Inscriptions in the Caves at Nasik, Epigraphia Indica VIII; inscription12, plateV Citation S971 · Open source ↗

See scoped account observations.

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Read entire exposed inscription12 transliteration and translation.

Primary inscription via scholarly edition transcription; image not inspected.

Qualified C2014

Delhi tanka to Suri rupee remains a promising account-continuity question. Ancient kahapana and the separate Afghan, Nepalese, Hyderabad and Patna regional lines require their own evidence; they are not assigned a Mughal parent by name alone.

Abul Fazl; English translation transcription · Ain-i-Akbari, volume I, Book I Citation S1041 · Open source ↗

Ain 10, Silver Coins and Copper Coins, pp. 31–32; salary and accountants’ reckoning; Chapter 5, pp. 99–111; imperial, Nawabi and Company account arrangements

Source access and limitations

Not a complete origin, lifespan or current-status audit.

English transcription inspected; site header attribution inconsistent with translation/pagination, so no Persian manuscript verification claimed.

Sushil Chaudhury · Trade, Politics and Society (2017), chapter 5: Multiple Currencies and their Complementary Relationship Citation S913

Ain 10, Silver Coins and Copper Coins, pp. 31–32; salary and accountants’ reckoning; Chapter 5, pp. 99–111; imperial, Nawabi and Company account arrangements

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Qualified C2035

Indo-Greek denominations spread into India, but De Romanis shows that drachm coins could circulate while accounts remained in karsapana. Neither that coin sequence nor a repeated dramma name establishes the missing medieval-to-Mughal account links.

Joe Cribb · Greekness after the end of the Bactrian and Indo-Greek kingdoms, in Rachel Mairs, ed. (2020) Citation S1064

pp.666–669, Staters and drachmas; distinguish Indo-Greek and later Sasanian routes; pp.135–137, especially136 notes75–79; DOI10.17885/heiup.1582.c22725

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Federico De Romanis · Notes on Barygaza’s Trade: Commodities and Coins at an Asian Crossroads (2025) Citation S1067 · Open source ↗

pp.666–669, Staters and drachmas; distinguish Indo-Greek and later Sasanian routes; pp.135–137, especially136 notes75–79; DOI10.17885/heiup.1582.c22725

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Qualified C2089

Aï Khanoum records drachmas, kasapana taxaena and kasapana nandena separately. Their equivalence is disputed, and identifying taxaena specifically with Taxila remains qualified. Later Deccan kārṣāpaṇa accounting could persist despite changing Indo-Greek coin supplies. No Greek-to-Indian account conversion is inferred.

Federico De Romanis · Notes on Barygaza’s Trade: Commodities and Coins at an Asian Crossroads (2025) Citation S1067 · Open source ↗

pp.135–137, especially p.136 n.78: treasury categories and continued kārṣāpaṇa accounts

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Qualified C2090

The British Museum’s guide notes shared standards between imported Persian and local Gandharan coins and proposes possible influence. This supports a metrological/transmission candidate; it does not yet demonstrate that a named Gandharan account unit inherited Persian obligations.

British Museum · Money Gallery Large Print Guide, Room 68 (2020) Citation S1097 · Open source ↗

Case 1, India, Coins in trade: Persian and local Gandharan standards

Source access and limitations

Not a complete origin, lifespan or current-status audit.

Search-indexed museum passage inspected by research delegate; full PDF returned403.

Supported C2091

Kenoyer documents standardized Harappan weights. The inspected evidence does not establish a named monetary account or the later inheritance of kārṣāpaṇa. Hold a Harappan→Gandharan→rupee chain; this does not assert an absence of exchange or accounting.

J. Mark Kenoyer · Measuring the Harappan World: Insights into the Indus Order and Cosmology (2010), 106–121 Citation S1096 · Open source ↗

pp.107,115–117: standardized weights and uncertain seed basis

Source access and limitations

Not a complete origin, lifespan or current-status audit.

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