Coinage of Satavahana Empire

Indus Civilization 2500 BC – 1500 BC

Ganges Civilization 1500 BC – 400 BC

Mauryas (Asoka) 322 BC – 320 AD

Shungas 185 BC – 30 BC

Satavahanas (Satavhana) 100 BC – 250 AD


The Satavahana (Stavhanas) Empire was an Indian dynasty based from

Satavana Coin, Satlkarni I 100 BC, Anton Sebastian Private Collection

Dharanikota and Amaravati in Andhra Pradesh as well as Junnar (Pune) and Prathisthan (Paithan) in Maharashtra. The territory of the empire covered much of India from 230 BCE onward. Although there is some controversy about when the dynasty came to an end, the most liberal estimates suggest that it lasted about 450 years, until around 220 CE. The Satavahanas are credited for establishing peace in the country, resisting the onslaught of foreigners after the decline of Mauryan Empire.

The Stavhanas were vassals to the Mauryan dynasty until the decline of the latter. They are known for their patronage of Hinduism. The Stavhanas were early issuers of Indian state coinage struck with images of their rulers. They formed a cultural bridge and played a vital role in trade and the transfer of ideas and culture to and from the Indo-Gangetic Plain to the southern tip of India.

Satavahana Dynasty, Satkarni I, Copper Unit,
Satavahana Dynasty, Satkarni I, Copper Unit,, Anton Sebastian Private Collection

The Satavahanas are among the earliest Indian rulers to issue their own coins with portraits of their rulers, starting with king Gautamiputra Satakarni, a practice derived from that of the Western Kshatrapas he defeated, itself originating with the Indo-Greek kings to the northwest.

Thousands of lead, copper and potin Satavahana coins have been discovered in the Deccan region; a few gold and silver coins are also available. These coins do not feature uniform design or size, and suggest that multiple minting locations existed within the Satavahana territory, leading to regional differences in coinage.

The coin legends of the Satavahanas, in all areas and all periods, used a Prakrit dialect without exception. Some reverse coin legends are in Tamiland Telugu languages.

Several coins carry titles or matronyms that were common to multiple rulers (e.g. Satavahana, Satakarni, and Pulumavi), so the number of rulers attested by coinage cannot be determined with certainty. The names of 16 to 20 rulers appear on the various coins. Some of these rulers appear to be local elites rather than the Satavahana monarchs.

The Satavahana coins give unique indications as to their chronology, language, and even facial features (curly hair, long ears and strong lips). They issued mainly lead and copper coins; their portrait-style silver coins were usually struck over coins of the Western Kshatrapa kings. The Satavahana coins also display various traditional symbols, such as elephants, lions, horses and chaityas (stupas), as well as the “Ujjain symbol”, a cross with four circles at the end.

Rare-coins of Ancient India  from Antiques International 

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