The Muhammadans were also destined to set up a new standard of weight,
but before this was accomplished nearly five centuries were to elapse.
The period under discussion in this chapter is chiefly interesting for
the reappearance of silver in the currency, due to the reopening of
commercial relations with Central Asia, and for the successive attempts
made by various sovereigns to restore order out of the chaos into which
the coinage had fallen during the preceding centuries. The gold and
silver currency was rectified by Altamsh and his successors with little
difficulty; but the employment of billon for their smaller money was
fatal; for the mixture of silver and copper in varying proportions,[46]
so liable to abuse, proved in the end unworkable as a circulating
medium; and not until Sher Shāh substituted pure copper for billon,
and adjusted this to his new standard silver coin, the rupee, was the
currency established on a firm basis.
[46] The variation is due to the fact that silver and copper only
form a homogeneous alloy when mixed in the ratio of 71·89 of the
former to 28·11 of the latter. This fact was certainly unknown at this
period. Cf. _J.A.S.B._, N.S., XXXV, p. 22, “The Currency of the Pathan
Sultans,” by H. R. Nevill.
The earliest Muhammadan kingdom in India was set up by ’Imādu-d-dīn
ibn Qāsim, in Sind, in A.D. 712, but as it exerted little influence on
its neighbours, the insignificant coins issued by its later governors
need not detain us. The gates of the North-West were first opened to
Muslim invaders by the expeditions of the great Sult̤ān Maḥmūd of
G̱ẖ̱aznī between the years A.D. 1001 and 1026. In 1021 the Panjāb was
annexed as a province of his dominions, and after 1051 Lāhor became
the capital of the later princes of his line, driven out of G̱ẖ̱aznī
by the chieftains of G̱ẖ̱or. Here they struck small billon coins with
an Arabic legend in the Cufic[47] script on the reverse, retaining the
Rājpūt bull on the obverse. Maḥmūd himself struck a remarkable silver
_tankah_[48] at Lāhor, called on the coin _Maḥmūdpūr_, with a reverse
inscription in Arabic, and his name and a translation of the Kalima in
Sanskrit on the obverse.
[47] Cufic is the earliest rectilineal form of Arabic script.
[48] Tankah is an Indian name applied to coins of various weights and
metals at different periods. For example, to the large silver and gold
pieces of Nāṣiru-d-dīn Maḥmūd, and later to a special copper issue of
the Mug̱ẖal Akbar.
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