Horse standing right, a few letters in the right lower field / blank. 9x9mm, 0.9 grams. Bopearachchi p.114 #2;These punch-marked bronzes, struck with a single punch-mark on one side and unstuck on reverse, are regarded as the earliest bronze Indian coinage, struck in an attempt to change the coinage system based exclusively on silver karshapanas. Such pieces are known from various locations in central India - Mathura, Kausambi and Ujjain.