Who Were The First To Issue Gold Coins In India?

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Who Were The First To Issue Gold Coins In India
Who Were The First To Issue Gold Coins In India

Who were the first to issue gold coins in India? In this article, we will discuss who was the first in ancient India who issued gold coins.

Who Were The First To Issue Gold Coins In India
Who Were The First To Issue Gold Coins In India

Indo Greek rulers are the first in India who issued and introduced gold coins in ancient times. Who are Indo Greeks and how we know about them?

There are very few rare pieces of evidence about Indo Greeks. Most of the solid information about Indogreeks is from arcological sources like coins, sculptors and artifacts. Approx 42 Greek kings are known from their coins.

Origin Of Indo Greeks And Idea Of Gold Coins

Let us begin with Diodotus 1st Socter (From 255 – 240 BCE). He is the founder of the great Greko-Bactrian kingdom. He declared Independence from the Seleucid Empire around 250 BCE.

After that, His son Diodotus 2nd (From 240 – 220 BCE) becomes the ruler of the great Aggreko-Bactrian kingdom, but after some time is was killed by one of his officers named Euthydemus 1st.

After that Euthydemus 1st (From 220 – 195 BCE) begins his rule. Now Euthydemus and his son decided to expand his boundaries. His son is Demetrius 1st (From 200 – 180) crossed the Hindu Kush ranges around the second century BCE.

Demetrius 1st succeed in establishing his rule in Gandhar which is an Indian state at this time. He is considered as the founder of the Indo-Greek Rule in India.

Who Were The First To Issue Gold Coins In India?

Demetrius 1st is a very sharp-minded person. He knows all the strategies to rule in a new state. Indo-Greek rulers want to show to the Indian people that they are adopting the Indian culture and they have respect for their cultures.

They know that without the support of the people they can not establish their kingdom here. The knows that is the people are hurt then they become in against him.

That is why two Indo-Greek Rulers named Pantaleon and Agathocles issued bi-lingual and bi-scriptural coins in India for the support of Indian people with them.

The coins which they introduce are named Krishna, Balram and, Lakshmi which is the gods of Indian religion. 

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