Download Monetary History of Mughal India as Reflected in Silver Coin by Jaroslav Strnad PDF

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By Jaroslav Strnad

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The Filters As suggested above, the main difficulty inherent in any study of past monetary systems by the (sole) means of extant coins or - better - coin hoards is that hoards are not independent random samples drawn for the purpose of historical analysis in conformity with the rigorous demands of statistics. The number, size and structure of these samples was determined by subjects whose motivation is itself a subject of scholarly debate15 and factors over which the contemporary historian can exercise no control.

We should not expect them to constitute any bias that would distort the data systematically in one direction. As far as the Mughal coin hoards are concerned, it seems, therefore, that if we concentrate on a single metal (silver), understand the sheer quantities of hoards and coins contained in them primarily as indicators of past hoarding activities rather than of quantities of coins in circulation and study the coins always in their hoard context, we can to a great extent escape the qualitative distortions inherent in the material.

Main characteristic feature of this hoard type is its very short period of accumulation (mostly one to three years) and, in the Mughal case, small number of mints: in extreme cases all coins belong to single mint and single year. It seems that circumstances leading to formation of such hoards must have been exceptional; it is not very probable that, under normal circumstances, people would get their bullion converted with certain expense into freshly minted coins which would (at least in the Mughal case) bear a premium on the market, only to bury them immediately underground.

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