Punch Mark Coin ( PMC )
Punch-marked coins are a type of early Indian coinage that were made by punching symbols into a metal base, usually silver or copper. They were issued by 16 states in ancient India, starting in the 6th century BC.
The first documented coinage is deemed to start with ‘Punch Marked’ coins issued between the 7th-6th century BC and 1st century AD. These coins are called ‘punch-marked’ coins because of their manufacturing technique. Mostly made of silver, these bear symbols, each of which was punched on the coin with a separate punch