Punch marked coins, between the 6th and 2nd century BC, were made of silver.

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Detailed Solution

The above statement is true.
Coins with punch marks were made of silver. These were created between the sixth and second centuries BC. The Greeks are thought to have invented currency in India. Early Indian coins with punch marks are one example. Mahajanapadas of the Indo-Gangetic plain struck these coins. At this time, the money was referred to as punch-marked coins. Other names for it included Puranas, Karshapanas, and Pana. These coins were made of silver and were thin and light. However, the shape of these coins seemed different from present-day coins.

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