India, Privat Issue of the Company Manilal Chimanlal & Co., 25 Tolas

Storing precious metals has always been a popular hobby in India. This is why there are a multitude of smelters and jewelers producing jewelry and ingots for retail sale in India. This bar was cast by Manilal Chimanlal & Co., as the inscriptions in English and Hindi on the obverse reveal. It is not an actual ingot, but rather a form of private asset that can be exchanged into gold or currency at any bank and at any time. The value is given in tolas, a unit of weight that is commonly used by Indian banks and other forms of financial institutions since the early 20th century. One tola weighs 11.66 grams (0.41 ounces) this bar of 25 tolas thus has exactly 291.6 grams (10.28 ounces). The obverse shows the silhouette of the Indian subcontinent and the reverse the Gateway of India, a monument in Mumbai.

Year of issue

1900-1950 n. Chr.