Over three hundred years after The East India Company was first given the right to mint its own currency by Charles II in 1677, the company has announced the issue of its legal tender coins returning to its by-gone days in the bullion trade. The Limited Edition gold proof coins are struck by the Royal Mint, who first minted coins for The East India Company over two hundred years ago.

The coin designs are inspired by the main trading currencies The East India Company used in the 17th - 19th century ─ CASH and Mohur. The silver 'CASH' proof coins features a peacock design symbolizing immortality and rebirth and are available in a 1/2oz and 1oz coin equivalent to a 10p and 20p respectively. The gold Mohur proof coins bear the famous Lion & Palm Tree motif denoting wealth and prosperity and are available in a half and one Mohur coin equivalent to 50p and £1 respectively

Commenting on the launch of their legal tender coins Sanjiv Mehta, Managing Director and Chairman of The East India Company, said: "The East India Company is proud to present its first silver and gold coins. The company has been known in the precious metal trade since 1800. It was and still is the only corporate in history to mint its own trading currency. It made sense to commission our own silver and gold coins in this day and age. The precious metal trade formed an important part of The East India Company's trading activities and we plan to re-establish this position for the company today."

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From the company web site:

To visit the company web site, see:www.theeastindiacompany.com