1741, India (British), Bombay Presidency. Large Cast Tin 2 Pice Coin. Rare! Mint Year: 1741 Denomination: 2 Pice Condition: A nice VF for this crude issue! Reference: Pridmore 233, KM-157.1. Rare! Provenance: The Sir John Wheeler Collection, sold in London, 2nd May 2000. Material: Tin (cast) Weight: 29.96gm Diameter: 40mm Obverse: British crown, splitting initials (G-R) above. Legend below. Decorative border around. Legend: BOMB (for Bombay) Reverse: Inscription in four lines, terminated by floral designs. Decorative border around. Legend: AUSPICIO / REGIS ET / SENATUS / ANGLIAE / 1741 In 1741 the value of copper as a metal in Bombay reached a point where the copper coins were removed from circulation. On 7 February 1741 the mint master at Bombay was instructed to produce 2000 rupees of tin Pice and further orders were placed in 1741, 1742 and 1743. The weight of the tin coin was set so as to return a profit in their production and issue of 20% to the Company. A supply of copper had been obtained from Persia in 1742 but the value of the metal remained high and the EIC elected to sell it rather than use it for a local copper coinage. By 1748 forgery of the tin coins had become so common that a return to copper was made until 1754 when copper prices forced a return to tin. The exchange rate with silver was set at 80 Pice to 1 Rupee. The Bombay Presidency was a province of British India. It was first established at Surat in the 17th century as a trading post for the English East India Company, but it later grew to encompass much of western and central India, as well as part of the Arabian Peninsula and areas later included in Pakistan. At its greatest extent, the Bombay Presidency comprised the present-day state of Gujarat, the western two-thirds of Maharashtra state, including the regions of Konkan, Desh, and Kandesh, and northwestern Karnataka state of India; it also included Pakistan's Sindh province (1843-1935) and the British territory of Aden in Yemen (1839-1939). It consisted of districts which were directly under British rule. It did not include the native or princely states, whose internal administration was the responsibility of local rulers, but it was responsible for managing the defence of many princely states and for British relations with them. Bombay Presidency along with Calcutta Presidency and Madras Presidency were the three major centres of British power.
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