2 Keping British East India Company (1757-1858)

1804, Sumatra, British East India Company. Nice Copper 2 Kepings Coin.

Reference: KM-265.
Denomination: 2 Kepings
Mint Year: 1804 (AH 1219)
Diameter: 25.7mm
Material: Copper
Weight: 4.27gm

Obverse: Shield with british arms, topped by lion, supported by two lions, which are holding flags. Banner with motto and date below.
Banner: AUSP : REGIS & SENAT ANGLIAE: ("Under the auspices of the king and senate of England!")
Legend: ENGLISH EAST INDIA COMPANY / 1804

Reverse: Arabic denomination (2) above arabic legend and date (AH 1219).

The East India Company (also the East India Trading Company, English East India Company, and sometimes the British East India Company,) was an early English joint-stock company that was formed initially for pursuing trade with the East Indies, but that ended up trading with the Indian subcontinent and China. The oldest among several similarly formed European East India Companies, the Company was granted an English Royal Charter, under the name Governor and Company of Merchants of London Trading into the East Indies, by Elizabeth I on 31 December 1600. After a rival English company challenged its monopoly in the late 17th century, the two companies were merged in 1708 to form the United Company of Merchants of England Trading to the East Indies, commonly styled the Honourable East India Company, and abbreviated, HEIC; the Company was colloquially referred to as John Company, and in India as Company Bahadur (“bahadur”: Hindustani, lit. “brave”).

The East India Company traded mainly in cotton, silk, indigo dye, saltpetre, tea, and opium. However, it also came to rule large swathes of India, exercising military power and assuming administrative functions, to the exclusion, gradually, of its commercial pursuits. Company rule in India, which effectively began in 1757 after the Battle of Plassey, lasted until 1858, when, following the events of the Sepoy Rebellion of 1857, and under the Government of India Act 1858, the British Crown assumed direct administration of India in the new British Raj. The Company itself was finally dissolved on 1 January 1874, as a result of the East India Stock Dividend Redemption Act.